Thompson Reduces Talent Acquisition Costs with PairPEO

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  • Introduction

    Thompson Child & Family Focus has been a trusted nonprofit presence in North Carolina, South Carolina, and Florida for years. Specializing in prevention, mental health services, and foster care, Thompson is committed to transforming lives through evidence-based, trauma-informed care. However, a post-pandemic economy brought new challenges for the organization, particularly in managing rising recruitment expenses and skyrocketing healthcare costs. These barriers threatened Thompson’s ability to remain competitive in attracting and retaining top-tier talent.

  • The Problem

    For a mission-driven nonprofit like Thompson, attracting skilled professionals who are aligned with their values is critical. Yet, after the pandemic’s onset, Thompson faced an uphill battle. Talent acquisition costs surged significantly, compounded by the rising cost of health benefits that were crucial to remaining attractive to top candidates.   

    “The pandemic was a big part of some of the challenges we were facing, and specifically in reference to talent acquisition, costs were going up,” explained Will Jones, President and CEO of Thompson. These soaring costs risked weakening their benefits package, which could jeopardize their edge in a competitive labor market. Offering less appealing medical benefits or altering contribution strategies could have made it harder to bring in the staff needed for their essential services.

  • The Solution

    To address these challenges, Thompson turned to PairPEO for guidance and support. PairPEO, a trusted partner for organizations navigating the PEO landscape, stepped in to help the nonprofit organization retain its competitive edge in talent acquisition while reducing financial strain.  

    While Thompson’s incumbent PEO had been beneficial for compliance and onboarding, the rising costs of medical insurance were straining their operations. Leveraging their expertise, PairPEO conducted a Request for Proposal (RFP) process. Thompson intended to leave their current PEO to gain financial relief if a strong proposal emerged from the RFP. However, once they had a winning proposal in hand, they used it to renegotiate with their current PEO, successfully driving down overall costs without needing to transition.

    This approach enabled Thompson to maintain an attractive and competitive benefits package without compromising its financial stability. The adjusted premiums allowed them to avoid the undesirable alternatives of offering weaker medical plans or altering contribution strategies, ensuring that employee satisfaction remained high.

  • Results

    Collaborating with PairPEO produced positive and measurable outcomes for Thompson Child & Family Focus. The renegotiated medical premiums helped alleviate the financial strain on the organization, allowing them to channel resources into their mission-critical operations. It also ensured that Thompson could continue offering competitive benefits, strengthening their ability to attract and retain top-tier talent.  

    “Jeff and his team at PairPEO are reliable partners who want to see you win across every dimension,” said Will Jones. “They’re not just meeting needs; they’re exceeding expectations.” 

    This strategic partnership reaffirmed PairPEO’s commitment to helping businesses find the best PEO to help meet their needs with helping them save money in operational costs.

If your organization is facing similar challenges with talent acquisition, operational costs, or benefits management, PairPEO is here to help evaluate PEO options that meet your needs.