The Bank Product Line - March 1999

Are Your Critical Human Resource Issues Getting the Attention They Need?

By Rick Wilson

Today’s bank, large or small, has many of the same responsibilities and liabilities as its corporate clients: most notably, keeping up with the ever-changing world of human resources. Often with small to medium-sized banks, critical responsibilities such as recruitment, payroll, benefit management and training are in the hands of one or two staff members who typically share these tasks with other unrelated yet important job roles, such as state and federal banking regulation compliance.
Administaff provides a solution to this common problem. As a leading Professional Employer Organization (PEO), Administaff is a full-service, off-site human resources department for small and medium-sized businesses throughout the country. The PEO concept is simple: it allocates the employer’s human resource responsibilities between the company and the PEO. Therefore, banking officials, typically compliance officers, are able to focus on other aspects of the business while the PEO handles daily administrative hassles like payroll, benefits, employer liability management, employment taxes, workers’ compensation insurance and employment regulatory compliance. Moreover, the professional handling of these services provides more security and comfort for the bank’s board of directors.

Since its founding in 1986, Administaff’s primary goal has been to assist businesses, such as banks, by offering innovative business solutions that afford executives the opportunity to focus on their core needs. A Texas-based company, Administaff is one of less than 20 PEOs out of more than 2,000 nationally to be accredited by the Institute for the Accreditation of Professional Employer Organizations (IAPEO) and is also an active member of the National Association of Professional Employer Organizations (NAPEO). In addition, Administaff is the only PEO listed on the New York Stock Exchange.

Rick Wilson is a Houston District manager for Administaff, Inc. (NYST: ASF). For more information, call 800-465-3800, or visit the company’s website at www.administaff.com.

Reprinted with permission of Texas Banking