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This is Chris Redgrave for Zions Bank Speaking on Business.
Nineteen years ago Kurt and Dawn Larsen were probably not thinking, "Hey, let's open a business and be in the top 100 companies in Utah in about 20 years." But that's exactly what this dynamic married couple has done.
Resource Management opened the doors to be the human resources arm for multiple businesses and now they handle 10,000 employees working with 300 companies in 47 states. They have to understand multiple HR codes and rules because it varies from state to state.
Resource Management has three major functions in handling the "co-employment" responsibilities of any given business: payroll, human resources and benefits. They handle all aspects of payroll management plus hiring, recruiting, on boarding and employee placement. This is what some HR directors don't enjoy doing.
When you think of the benefits Resource Management has for their business customers, they can offer a lot to the employee base because of their size. They have impressive healthcare and supportive benefits which can be a challenge for a smaller, independent company. If your company is part of this larger operation, they can afford disability, eye, dental, medical and a 401K with John Hancock as well as an online time management system that allows someone complete access to their employee profile.
Besides managing HR applications, they also handle risk management. Resource Management produces employee job descriptions, handbooks, compliance statements and other types of insurance through Lloyd's of London.
At Resource Management, they say they're in the "keeping employees happy" business. In fact, Kurt and Dawn understand that sometimes an employee placement is not the right fit, but they can still see the talent. So, they look to place this employee somewhere else since they know the ins and outs of HR and that all information is transferable.
Kurt believes his partner, CFO and wife, Dawn, has made all the difference in the success of this impressive Salt Lake City company. Kurt, you've come a long way from picking beans as an 8-year-old to earn a new bike.
For Zions Bank, I'm Chris Redgrave, speaking on business.
Resource Management, Inc. 510 S. 200 West Salt Lake City, UT 84101 801-355-0200; www.rminc.com