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Staying Competitive

Recently, a small biotech start-up company in the Boston area found itself in a staffing quandary. Having branched out on their own, they needed to acquire staff to get up and running. There was plenty of top talent to be found at area universities and competitor firms, but every candidate interviewed wanted to hear about the benefits packages offered. The company’s owner had researched options and found out soon enough that most benefits packages require a certain number of employees for enrollment.

For many start-ups and established small firms, benefits “extras” are luxuries they literally can’t afford. But without them, they lose a competitive edge when it comes to hiring and retaining employees. Hoping for a solution, the biotech company turned to Genesis for help.

By working with Genesis, the company gained access to a full suite of benefits, designed to satisfy the needs of virtually any employee. Today, this start-up company offers a range of programs that would have otherwise been impossible to provide, including health, dental, vision and life insurance; long- and short-term disability coverage; a 401(k) plan; an employee assistance plan; and flexible spending programs.

By taking care of the benefits enrollment, the eligibility and the premium negotiations, among many other key administrative duties, Genesis has given this business owner peace of mind and the ability to focus on growing his core business. In doing so, Genesis has helped him expand from 10 employees to 30 in just one year.

"Our partnership with Genesis has allowed us to provide our employees with a comprehensive benefits package without the hassle and worry of staying compliant with IRS regulations. Genesis has taken on the burden of day-to-day HR, payroll, medical and dental administration which has enabled us to concentrate on our core business, and has given us the time we need to recruit excellent candidates. Their support and attentiveness is unsurpassed." Business Office Manager, Biotech firm.

Written on: 1/14/2008

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