BRADENTON, Fla., June 18, 2007 (PRIME NEWSWIRE) -- Gevity (Nasdaq:GVHR), which serves as the full-service human resources department for small and mid-sized businesses, today announced that according to a recent survey of small business clients, employers that used HR management systems such as Gevity OnLine(tm), the company's online, 24 x 7 payroll and information resource, spent less time on HR administrative tasks, increased HR efficiencies, improved productivity and experienced administrative savings.
Ask a small business owner to make a wish list and two items that will almost certainly appear near the top are having more time for growing the business and spending less time on routine administration and paperwork. Human resources technology can deliver both. Multiple studies have shown that employers who implement HR technologies enjoy a wide range of benefits, from freeing up managers' time for more revenue-building activities to improving the quality and accuracy of the information that drives many of a business's regulatory compliance requirements. Specifically, a number of independent studies have shown that:
* HR technology can reduce administrative time by up to 50%. * HR technology can improve business value by up to 6.5%. * Companies that automate their HR practices can achieve HR administration savings of up to 40%.
HR technology, also known as human resource management systems (HRMS) and human resource information systems (HRIS), is a general term applied to a range of information technologies that assist companies with employment management by integrating data and processes and providing valuable manager and employee self-service tools that remove a significant amount of administrative burdens. Areas that HR technology enables include: benefits enrollment, direct deposit changes, pay statements, personal information changes, time-off requests, time reporting, W-2 viewing and W-4 changes.
"Too many small businesses underutilize technology by limiting themselves to desktop applications such as spreadsheets and continuing to use inefficient, manual paper-based processes," states Paul Benz, Gevity's Chief Information Officer. "By failing to take advantage of systems that allow managers to control and streamline the HR administration process, small businesses are putting themselves at a competitive disadvantage.
"Survey after survey has shown that employers that implement an effective HR management system, either on their own or through an HR outsourcing partner such as Gevity, experience significant success in reducing administrative costs, improving the accuracy of records and freeing managers to spend more time on activities that grow the business," says Benz. "That's why at Gevity we regularly meet with our clients to discuss their needs and find out how we can continually improve Gevity OnLine(tm), so we can help small business owners better streamline their HR administration, optimize their HR practices and maximize their people and performance."
"With Gevity OnLine(tm), I can look up employment and tax laws in every state, as well as other HR information," says Rachel Doyle, Director of Business Operations at 3rd Wave Solutions, a communications solutions provider based in Phoenix, Arizona. "I particularly like the Ask Gevity feature. It's great. It's like Google but only for HR," she adds.
"With Gevity OnLine(tm), payroll is easy. You just go to the website, input the information and you're done in a few minutes," says Doyle. "Gevity OnLine(tm) also allows us to create and download reports and record penny by penny what we spend on each employee. That's really important, because it helps us with taxes and budgeting and determining if we can hire a new person or not."
The overarching purpose of HR technology is to ease the burden of administrative paperwork and improve data quality so managers can focus on tasks that add value to their companies.
About Gevity
Thousands of small and mid-sized businesses nationwide leverage the flexibility and scalability of Gevity's human resources (HR) solution to help them maximize the return on investment in their people. Essentially, Gevity serves as the full-service HR department for these businesses, providing each employee with support previously only available at much larger companies. Gevity delivers the Gevity Edge(tm), a comprehensive solution comprised of innovative management and administration services, helping employers to streamline HR administration, optimize HR practices, and maximize people and performance. This solution enables both businesses and their employees to achieve their full potential, giving them an edge over competitors. Gevity's unique approach features Gevity OnSite(tm), experienced HR Consultants based in local markets backed by nationwide resources and easy-to-use technology, including Gevity OnLine(tm) and Gevity OnCall(tm). For more information, call 1.800.2GEVITY (1.800.243.8489) or visit gevity.com.
A copy of this press release can be found on the company's Web site at www.gevity.com.