Case Study
A Holding Company Needed HR Support Through Acquisitions
See how HR solutions helped this automotive-specialty group grow
A Texas based Holding Company specializing in automotive dealerships was growing by acquisition throughout the state and initially had 18 locations with 400 employees. Their continued growth plans brought them to a decision point of either needing to hire a larger staff and train them or look at partnering with Corban OneSource.
Company Size: 400 Employees across 18 Locations (and growing)
Industry: Automotive
Solution: Full-Service HR Outsourcing
Thought criteria that went into reviewing the Corban Solution
Critical expertise needed in
- HR Support (Compliance, Overall HR issues, Training, etc.)
- Benefits Administration (Bill reconciliation, enrollment in 18 different locations, questions that need to be answered by employees)
- Payroll (Do we keep hiring more payroll people as we get bigger? Does it make sense for us to do payroll?)
Technology
- We need one technology platform and the expertise to run it efficiently for all of our locations.
- How can we maximize efficiencies using technology?
Staffing
- Do we want to continue to grow a department that is not core to our business?
- Do we have the current staff to handle this new growth? / How many more people will we need to hire?
Solution
The Executive Committee decided to focus more on growth and profitability than administration. “Let’s do what we do well and let Corban OneSource do what they do well and we will all be better off for it.”
Corban OneSource brought in an HR, Payroll, and Benefits technology and supported the technology with the right people that already knew how to maximize the technology.
A dedicated toll-free phone number was set up to create an Employee Care Center for the 18 locations to get their questions answered quickly.
A Senior HR Manager was assigned by Corban OneSource and an HR Audit was conducted to start benchmarking compliance and an ongoing Professional HR resource as available for questions and HR issues.
Corban OneSource took over the Payroll Administration, so their accounting department could focus on more acquisitions.
Results
The Holding Company is now at 26 locations, 620 employees, and still growing profitably. Every time an acquisition is made, they just call Corban and we bring them onto the existing technology and service platform smoothly with little to no business disruption. The company has contained their costs and is focusing on running their business.
Overall Hard Cost Savings in Year One:
$102,500
(does not include any soft costs eliminated due to business disruption of 8 acquisitions or streamlining for efficiencies)