Shared Time Human Resources Management, Inc.
Human Resources Consulting: Recruit. Retain. Resolve.

Human Resources Case Studies

HR Updates

 

The following Shared Time Human Resources Management, Inc. case studies exemplify the opportunities and challenges we undertake on behalf of our clients and the sound, value added solutions we provide.

 
 

Human Resources News and Case Studies

 

HR Case Study 1

STHRM, Inc. Saves Client $42,786 in Less Than Two Months

Providing service to clients since 1993, STHRM, Inc. is a value-oriented source for Human Resources solutions. Our private consulting and custom-designed systems present a high-value, low-cost solution to fixed-cost human capital issues. Our staff has more than twenty-five years of corporate human resources experience with “Fortune” listed, “Inc. 500,” and privately owned businesses. The following STHRM, Inc. case study exemplifies the type of opportunities and challenges we undertake and the sound, value-added solutions we provide.

Client

Northeast Ohio-based service company with 75 employees with an annual revenue of $15 million.

Situation

Client’s health insurance was too expensive.

Solution

Researched, interviewed and recommended new health care provider to management.

Results

  • Verifiable results demonstrated with savings to company of 22.5% or $29,000.

  • Additionally reduced client’s Ohio BWC frequency and severity rate of 0 for reporting period and reimbursed $13,786.

Financial Results

  • Net annual savings $42,786, leading to a return on the clients investment of 96%.

  • Provided client an opportunity to increase Operating Income Improvement savings of $42,786.

Value

  • Based on an improvement of $42,786 in EBITDA, estimated value creation for this client is in excess of $213,930.

Notice: In order to maintain strict client confidentiality, business-specific information has been removed from this case study. The presented situations, activities, programs, projects, actions, and subsequent results are accurate.

If you are interested in learning more about this case study, results and services offered by STHRM, Inc. please contact, Glenn Levar (telephone: 440-979-1046, e-mail: grlevar@sthrm.com). To learn more about STHRM, Inc. visit www.sthrm.com.

STHRM, Inc. has teams and strategic alliances with executive wealth management experts, health and life insurance brokers, 401(k) providers, interim executives, professional advisers, operations professionals, third-party workers’ compensation administrators, and employment/contract attorneys.

We welcome referrals from our clients and friends. Please pass this case study along to anyone who may have a need or be interested in our services.

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