August 31, 2015
For Immediate Release
TOTAL REWARD SOLUTIONS CELEBRATES 10 YEARS IN BUSINESS
Indianapolis based company, Total Reward Solutions, consults with companies on their compensation, benefits, and performance management systems and helps them understand, analyze and plan how to handle changes in compensation laws.
Indianapolis, IN – August 31, 2015 – Total Reward Solutions serves companies in over 20 industries with anywhere from 30-4,000 employees.
“Companies invest a significant amount of money and time in attracting and training top talent. Every time they have to replace an employee, they have to start that process again. At Total Reward Solutions, we consult on how to retain those employees through comprehensive compensation, benefits, recognition, and performance programs,” explains Cassandra Faurote, President and Founder of Total Reward Solutions.
According to the Small Business Administration, only one-third of small businesses–classified as 500 employees or less–last more than 10 years. Faurote attributes the success of her company in reaching this pivotal milestone to the strong relationships Total Reward Solutions has built and fostered with clients. “When a company refers you to other companies, you know you’ve done a good job.”
Total Reward Solutions’ success is attributed to their long list of happy and satisfied clients. Chief Administrative Officer at Riley Children’s Hospital says, “Our work with Total Reward Solutions is excellent. We continue to be impressed with the expertise, attention to detail, follow-up, and genuine passion for what they do.”
While compensation laws have remained fairly consistent for the last several decades, in July the Department of Labor proposed new overtime regulations under the Fair Labor Standards Act. The proposed changes will affect millions of employees making less than $50,440 annually, qualifying them for overtime pay sometime in mid 2016. This is going to affect a multitude of companies across industries, and Total Reward Solutions is consulting with their clients now on the potential effect the new proposed regulations will have on their businesses.
“Companies need to begin to look at this now, so that they are prepared for this change. They will want to begin to analyze their options and determine any potential affect on their budgets for 2016,” counsels Faurote.
For more information, please contact Cassandra Faurote at 317.589.8529 or info@totalrsolutions.com.