Case StudiesStarting upPrivate equity
HOW A STARTUP FUND WITH NO PAYROLL, BENEFITS OR WORKERS' COMP LAUNCHED ON TIME
Richard Huldisch, Managing Partner
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Problem
A startup Private Equity fund with less than 5 employees was getting ready to launch.
They had the capital secured as well as a platform to run their core business. The Fund did not have a solution in place that would handle Human Resources issues.
They also did not have employee benefits in place, payroll, or workers’ compensation.
The client needed to have the right employee benefits in place to attract top talent once they got off the ground.
Solution
As the launch date was quickly approaching The Huldisch Group gathered the required data from the managing partners and went out to seek the best HR outsourcing partner for their fund.
As a small company of just a couple of employees, we found their company a turnkey solution that allowed them to outsource the daily activities that were not related to their primary role of raising capital and investing capital.
Result
The Huldisch Group identified the best Professional Employer Organization with solid employee benefits and technology that catered to their industry.
Implementation was set up first with payroll then benefits and worker’s compensation followed by a continual and ongoing HR administration servicing model.
As we took advantage of the PEO’s economies of scale, we managed to keep the client’s costs low on employee benefits.
We had the fund partnered with its PEO in four weeks, in time for launch, with Fortune 500 benefits to attract and retain top talent. The fund launched on time and is focusing on its primary business while allowing its PEO partner to take care of the rest.
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Written by
Richard Huldisch, Managing Partner, The Huldisch Group
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