Have you heard of professional employer organizations? They handle many HR-related duties like payroll, compliance, employee benefits, and retirement planning. We know how difficult it can be to manage all these tasks in the fast-paced and competitive life sciences industry. That’s exactly why medical device and biotech companies often turn to professional employer organizations like Aspen HR for help.
Why Choose Aspen HR
for Your Life Sciences Company?
Small firms in medical equipment technology can find handling human resources tasks to be quite a challenge. These complex and time-consuming responsibilities can take precious time away from the firm’s primary business functions. That’s why PEO services make so much sense for these businesses.
With a PEO on your team, you won’t have to spend time dealing with many of the time-consuming administrative tasks that can all too often bog down a company’s workflow.
Some of these administrative tasks include:
- Payroll services
- Benefits administration
- Employee onboarding
A PEO is a helping hand for biotech companies when it comes to handling HR tasks. It lets you outsource services like creating employee benefits plans, recruitment and hiring, and payroll processing, which can be pretty costly to manage on your own. All of this will result in long-term cost savings. Here’s an example of how we helped a life sciences focused venture fund save $150k through our comprehensive benefits program.
When it comes to HR, it can feel like you’re in deep water if you don’t have the right knowledge. PEOs stay abreast of changing employment laws on a federal, state, and local level, so you don’t have to worry about these important details. PEOs can guide you and help navigate the complex regulatory environment, ensuring that your company stays in compliance.
Better Talent Management
PEOs can be your secret weapon when it comes to attracting and retaining top talent in the competitive field of life sciences. A PEO can help you create attractive benefits packages that are competitive with other companies, come up with successful recruitment strategies, and provide training and development options to keep your employees happy and engaged in the workplace.
Improved Employee Experience
PEOs provide HR services that are all about making your employees happy and feel like they are taken care of. When your employees have access to ongoing support and other benefits, this can go far to help boost workplace morale.
Knowledgeable in State and Federal Regulations
We understand the importance of compliance with state and federal regulations. That’s why we have a national presence and expertise in HR laws and regulations across all states. Our national reach allows us to provide customized HR solutions that fit the needs of each client we work with.
The White-Glove Service Model
Our white-glove service model is built around the needs of our clients. We place a strong focus on long-term partnerships that are based on trust, collaboration, and transparency. We pride ourselves on our ability to quickly respond to all questions we receive. It doesn’t matter if it’s a simple question about payroll or a more complicated query about compliance, we’re available to lend a hand with our expert guidance and support.
Customized Compensation Reports
We provide compensation reports based on a rigorous analysis of both industry benchmarks and your needs. We carefully consider your market positions as well as your compensation philosophy and tailor our recommendations accordingly.
Aspen HR is Near the BioTech Industry
Proven Track Record
$150k worth of cost savings: Life sciences venture fund
Operating across California and North Dakota, a life sciences venture fund was grappling with service issues from their then HR provider, which was a large national firm. They thus needed a new PEO partner that could manage their remote employees, who were scattered across multiple states.
Aspen HR’s white glove service model caught their attention, and the venture fund went on to make the switch. We then developed custom offerings for the firm, with which we proceeded to support their human resource operations.
The subsequent results were remarkable – as we raised their employee satisfaction rate and saved the company over $150k.
Nominated as partner-of-choice post-acquisition: Private equity firm in California
A California-based private equity firm was in the process of acquiring a home infusion company in Texas. During the due diligence phase, though, the buyer expressed concerns regarding potential HR risks on the side of the home infusion entity. It then sought Aspen HR’s expertise to evaluate the risks.
Aspen HR successfully identified multiple issues, including inefficient manual HR processes, invalid non-compete agreements, outdated forms, and job misclassifications. Consequently, the buyer engaged Aspen HR to implement corrective actions post-acquisition, making us the company’s long-term HR partner of choice.
Get Your Biotech Company Running Smoothly
Aspen HR offers a complete range of PEO services for life sciences companies looking for top-notch HR solutions. Our highly knowledgeable team, supported by a turn-key cloud-based HR platform, provides the perfect mix of white-glove HR service powered by automated workflows, giving you the freedom to focus on your core business.
Choosing Aspen HR as your PEO means gaining access to a comprehensive suite of HR services, from payroll and benefits programs to risk management and compliance support. Our solutions are tailored to meet the unique needs of medical device companies, allowing you to attract and retain the best talent in the industry.
And, we have offices in key biotech centers like Boston, Raleigh, the San Francisco Bay Area, and LA. This strong local presence enables us to provide the best HR solutions to companies operating in these fast-growing markets.
Get Started Today with Aspen HR
Contact us today to learn more about how Aspen HR can help your life sciences company achieve its HR goals and thrive in today’s competitive market.