PEO Blog in News/Announcements

Gevity receives $33.1 mln of returned workers’ compensation collateral Co annoucnes it has recently received a return of $33.1 mln of excess workers’ compensation collateral from AIG Commercial Insurance. This cash infusion compares favorably to Gevity’s prior estimate of $17 mln. Gevity has also reached agreement with AIGCI whereby AIGCI will waive approx $14.0 mln in workers’ compensation collateral payments from a Gevity-related company during the fourth quarter of 2008.

I think the thought of AIG waiving collateral for anyone will have everone questioning the AIG bailout… does this make sense?

Profit Sharing/401k Council of America (PSCA)

WHAT: The Profit Sharing/401k Council of America (PSCA), a national, non-profit association committed to retirement savings through employee-sponsored defined contribution programs, encourages employers to celebrate the 14th Annual National 401(k) Day, which this year falls on Friday, September 5, 2008. National 401(k) Day is an annual celebration that encourages employers to set aside time at the workplace to spotlight the importance of their 401(k) plans. If you would like to learn more about PSCA, please visit http://www.psca.org. 

Small business owners try to find the path less costly in their search for health care

Steve Nicola’s home entertainment company, Smarthomes Chattanooga, has been steadily growing for the past six years. As he took on more personnel, Nicola realized that he also needed to offer his employees more.

“I wanted to take care of my people and offer health care benefits,” Nicola says, “but when I shopped around for insurance packages, it just seemed like an awfully big expense.”

CHICAGO--A new study by ComPsych Corporation revealed more than half of workers in their 60s have healthy diets, compared to only 17.7 percent of employees in their 30s. Employees in their 50s and 60s also fared better in level of exercise, outlook on life, social support and stress levels. ComPsych is the world’s largest provider of employee assistance programs and worldwide leader in GuidanceResources (EAPs, behavioral health, wellness, work-life and crisis intervention services). 

ATLANTA, Georgia - e-VERIFILE.COM Inc. (EVI), a leading provider of Web-based people management solutions, announced today that California-based Private Eyes Inc., has signed up to participate in the EVI-Advantage Partnership Program.  Private Eyes participation makes it the second company to join e-VERIFILE’s program since it was launched in May.

“The addition of the Applicant Tracking System enhances our Pre-Employment Screening Suite of Services.” said Sandra James, President of Private Eyes.  “In our research to partner with an ATS Company we found e-VERIFILE to be user friendly and cost effective for our price conscious clients,” James added.