SIMPLOY provides a creative solution to help innovative employers succeed with the Innovators’ HR Infrastructure. These innovators (small and large) access a high level of immediate Human Resource capacity for employees, managers, and owners. This foundation includes employee benefits, government compliance, workers’ compensation insurance, payroll, and personalized HR services—all in one bundle.
When Jay King started his first business in 1998, he soon recognized that creating new jobs was necessary to be more successful, but it was also clear to him that adding employees could be a path to failure. A larger staff facilitated more services to more clients and new revenue. However, as his workforce grew, the administrative work necessary to be an employer became overwhelming.
Paperwork, payroll, taxes, insurance, compliance, HR, risk management—the list of obligations was long and grew longer every year. Jay’s business was both expanding and imploding—at the same time!
Then Jay learned about a new and novel employer service organization which handled all of those obligations—better than his company could, and for less time and money than he was already spending. Better service, more time, less cost—what a great idea! So in 2004, he bought the company, re-branded it to SIMPLOY, and the innovation continued.
Then Jay learned about a new and novel employer service organization which handled all of those obligations—better than his company could, and for less time and money than he was already spending. Better service, more time, less cost—what a great idea! So in 2004, he bought the company, re-branded it to SIMPLOY, and the innovation continued.
Since then, Jay and his team have supported hundreds of innovators and thousands of employees. Now they are part of the story, too. And together they all become more successful every year.
Instead of rattling on about what SIMPLOY does, Jay focuses on innovators, their employees, and changes that arise from their partnerships. Every year a national research firm studies SIMPLOY innovators, their staff,and a few other companies like SIMPLOY. The results are inspiring, and show that SIMPLOY’s state-of-the-art solutions really do improve the lives of innovators and employees. Here are the statistics:
SIMPLOY INNOVATORS…
Grow 7 to 9% faster.
The number of employees at innovators who partner with SIMPLOY grows faster than at other businesses.
Have twice the median revenue growth year over year.
Revenue growth for innovators who partner with SIMPLOY averages 10%, vs. 5% for other businesses.
Are 16% more likely to report an increase in profitability.
Profits at SIMPLOY innovators increase 58% of the time, vs. 50% at other small businesses.
Have one-third less employee turnover.
The turnover rate for similar businesses is about 33% higher than for SIMPLOY innovators.
Are 75% less likely to go out of business.
The failure rate among businesses is about 8% per year. It is less than 2% per year for SIMPLOY innovators.
EMPLOYEES AT SIMPLOY INNOVATORS…
Have access to Fortune 500 Employee Benefits. Health insurance, dental and vision care, life insurance, retirement saving plans, job counseling, cafeteria plans, and more.
Have increased participation in Retirement Savings Plans.
Participation in a retirement plan is 3 times higher than at other companies.
Stay at their jobs longer.
The turnover rate is a third lower than for employees at other businesses.
Receive crucial assistance from Human Resource professionals.
Employees at SIMPLOY innovators have access to HR experts anytime, so they can get what they need to be more productive.
SIMPLOY’s innovation solutions drive innovation around the country—and success. SIMPLOY’s subsidiary, HEMPLOY, is now helping innovators and employees of Missouri’s cannabis industry to be successful, too.
