Fintech Company HR Cost Reduction Case Study

This case study details the experience of a fintech company that faced significant challenges in managing its HR and healthcare costs due to its small size and reliance on a large national HR service provider. The company struggled with high healthcare premiums and inadequate support from its existing HR partner, which hindered access to competitive insurance rates. After exploring options, the company partnered with ExtensisHR, a professional employer organization (PEO) that provided a more personalized approach and better pricing. The transition allowed the company to shift from a single healthcare option to multiple cost-effective choices, resulting in substantial savings for both the organization and its employees. Additionally, the partnership streamlined HR management processes, including payroll, recruiting, and benefits administration. The case study concludes with a recommendation for small and medium-sized businesses to consider both time and cost savings when evaluating HR partnerships.