Compensation
Solutions, Inc.
COMPANY'S CAPABILITY STATEMENT
It is the experience and knowledge of the following professionals, who for more than 30 years,
have been providing local and national clients with human resource expertise
which provides for a natural
progression to the comprehensive services of the Professional Employer
Organization
Compensation Solutions, a
Professional Employer Organization, is advised by THE BERGEN
GROUP. CSI unlike a payroll service, is a comprehensive human resources
administration firm, which is comprised of highly qualified compensation and benefits
experts who understand your needs. CSI provides an administrative outsourcing
service which saves you substantial time and money through professional co-employment.
Compensation Solutions’
program is designed to allow the business
owner, and its administrative, and bookkeeping staff, to focus on the company’s
operations and on increasing gross operating income. CSI’s staff of human
resources experts take care of the business of employment while the client takes care of
the "BUSINESS OF DOING BUSINESS". In addition to its services in
human resources, personnel and payroll management, CSI offers an
extensive array of employer/employee contributed benefits.
Compensation Solutions
realizes the specialized needs, and critical
issues facing business owners, and human resource administrators. It makes sense for
Company Officers and Human Resource Managers to seek highly specialized and experienced
professional assistance.
…..professionals
who speak their language, understand their problems, and know their objectives and
concerns.
…..professionals
who have broad experience and can adapt concepts and techniques from several different
industries.
Compensation Solutions is
an organization made up of such experts devoted to finding practical solutions to Human Resource issues
which face today's personnel and payroll administrators. The strength and experience
of the Advisory Board, THE BERGEN GROUP, provides
invaluable assistance to the management team that leads and directs the organization.
Compensation Solutions Administration
Executive/Administration
BIOGRAPHY
Thomas J. Cioffe
President/CEO
Compensation Solutions
Chairperson,
New Jersey Leadership Council
for the National Association of Professional Employer
Organizations (NAPEO)
Mr.
Cioffe is co-founder and President of Compensation Solutions and an
Executive Consultant
of
Hospital
& Healthcare
Compensation Service, Inc. (“HHCS”).
Mr. Cioffe works closely with clients
regarding issues such as personnel management, compensation, employee
benefits, and compliance with state and federal employment legislation.
His specialized research technique utilizes all methods of data
collection including internal databases, on-line
data searches, customized forecasts and salary surveys, as well as other
financial calculations. He
has been quoted in The Wall Street Journal, Newsweek, The Washington
Post, and dozens of trade journals and, most recently, Mr. Cioffe
appeared on Bloomberg’s “Small Business News” program.
As
President/CEO, Compensation Solutions, Tom leads the senior management team
and is responsible for the overall leadership, revenues and expenses,
profits, client and associate retention and operations of the Company.
He works closely with sales, and other members of management to
facilitate the attainment of goals and development of new products and
procedures. Tom has more
than twenty-five years of experience in technology-driven,
service-oriented businesses. He has an extensive background in
compensation, human resource management, and the PEO industry.
Tom is responsible for, among other things, new business
development, client relations and compliance.
His management background includes sales and marketing, client
services, operations, information technology, finance and accounting,
human resources and risk management.
He also has extensive experience in the areas of organizational
development and leadership, process improvement, and systems
implementation.
In
1997, having served a number of Fortune 500 companies for several years,
Mr. Cioffe recognized that many small to mid-sized businesses had the
same human resource needs as their larger counterparts. The result of
this vision was Compensation Solutions, an organization that is devoted to
finding practical solutions to the Human Resource issues that face
today’s business owners and personnel administrators.
Adhering to a well-constructed business plan with a focus on risk
management, Mr. Cioffe has guided Compensation Solutions through a steady,
controlled and consistent growth. In slightly over seven years, CSI has
grown to be the largest PEOs domiciled in New Jersey with more than 400
worksites. Most
significantly, this growth has been managed through a very difficult
period of increasing costs for workers compensation insurance, the
skyrocketing cost of healthcare insurance and an economy that is still
emerging from a prolonged downturn.
Through sound financial planning, Compensation Solutions has remained
strong and profitable. Compensation Solutions has been selected by NJBIZ as
one of New Jersey’s Finest privately held companies for 2003/04 and
2004/05.
Mr.
Cioffe is a three-time finalist for the Ernst & Young New Jersey
Entrepreneur of the Year award, and has served two terms as President of
the NJ Chapter of the National Association of Professional Employer
Organizations, and is currently a NJ Chair of NAPEO’s Leadership
Council. Tom is also a
representative to the Governor’s Healthcare Council, which is charged
with finding solutions to the financial burdens associated with small
employer health insurance.
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BIOGRAPHY
Stuart J. Yannalfo
Executive Vice
President/CFO
Compensation Solutions
Mr. Yannalfo has an extensive background in
trading foreign exchange, fixed income securities and financial options.
He spent ten years directing the foreign exchange operations for
a large international commodities trading firm.
Chief among his responsibilities was managing the risk of money
flows often in excess of one billion dollars per day.
Mr. Yannalfo and his family also resided in Bermuda for two years
while successfully developing and directing an offshore foreign exchange
and options trading concern. Throughout
his career, he has been widely quoted in many publications including
both The New York Times and Wall Street Journal.
Mr.
Yannalfo also serves as President of a private consulting and trading
firm specializing in equities and options as well as software
consulting. His educational
background includes a B.S. Degree in Business Management and Accounting
earned at Ramapo College of
New Jersey.
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BIOGRAPHY
Anthony
De Lorenzis
Senior Vice
President of Operations
Compensation Solutions
Mr. De Lorenzis
joined Compensation Solutions after twenty years in retail banking. A former Vice President and Branch Manager for the last 13 years, most recently with
Dime Savings Bank of New York, he has been involved in every facet of
branch operations. Major
responsibilities included personnel management, cash management, product
training, sales management, product tracking and branch systems
management. Extensive
customer contact, business development, networking and people management
were part of his day-to-day duties. He is a licensed life insurance agent
for the State of New Jersey and was involved with products designed for
individual retirement plans, such as tax-deferred annuities.
Mr. De Lorenzis is a
member of the Passaic Valley chapter of Unico National, a non-profit
organization that provides scholarships to college-bound high school
seniors in the Passaic Valley area.
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BIOGRAPHY
Paul R.
Dorf, APD
Compensation Resources, Inc.
Principal, Managing Director
Paul
R. Dorf is the Managing Director of Compensation Resources, Inc. , Compensation Solutions's sister company.
He is responsible for directing consulting services in all areas of
Executive Compensation, Short- and Long-Term Incentives, Performance
Evaluation, and Pay-For-Performance Salary Administration.
He has over thirty years of Human Resource and Compensation
experience and has held various executive positions with a number of large corporate
organizations. He also has twenty years of direct consulting experience as head of
the Executive Compensation Consulting Practices for major accounting and
actuarial/benefit consulting firms, including KPMG Peat Marwick, Deloitte
Touche (formerly Touche Ross), and Kwasha Lipton.
Mr.
Dorf received a Bachelor of Business Administration (BBA) in Personnel and
Labor Relations from Hofstra University and a Masters of Administration
(MBA) in Industrial Relations from the University of Bridgeport and the
College of William and Mary. He is currently completing a Ph.D. program in
Human Resource Management.
For twenty years, he has been on the faculty of various
universities and has taught Human Resource and Compensation courses. Mr. Dorf is
currently on the faculty of Seton Hall University.
Mr.
Dorf is widely quoted in newspapers and business publications, and has
appeared on a number of televised business programs. He has
been a featured speaker at numerous national conferences, including
American Management Association, American Compensation Association, and
Society for Human Resource Management, as well as seminars sponsored by
major business professional organizations.
Mr.Dorf
was awarded an Accredited Personnel Diplomat, the highest level of
Personnel Accreditation, by the American Society of Personnel
Administration (ASPA).
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BIOGRAPHY
Mark
Boyd, Esq
Compensation Resources, Inc.
Director of Consulting Services/Senior
Business Development Advisor
Mark
Boyd recently returned to the private sector after eight years with the
New
Jersey
Department of Labor (DOL), including 19 months as Commissioner of Labor.
Prior to rising to the Labor Department’s top spot, Mr. Boyd
had seen stints as the Director of Job Training Partnership Act
Programs, Director of the Division of Employment and
Training,
Assistant Commissioner of Rehabilitation and Disability Programs and as
an Assistant Labor Commissioner.
He
spearheaded DOL's efforts to modernize its services for the private sector
and pushed the department to keep up with the rapid pace of new
technology. As an assistant
commissioner for Workforce New Jersey and deputy commissioner, Boyd gained
experience overseeing a broad range of DOL programs. These include the One
Stop Career Centers, Unemployment Insurance, Temporary Disability
Insurance, Vocational Rehabilitation, Workplace Standards and Safety, and
Labor Research & Analysis. He represented Governor Whitman on a
national panel implementing the new Workforce Investment Act and is New
Jersey's State Workforce Liaison to the National Governors Association. He
also serves on the joint Workforce Readiness Committee of Prosperity New
Jersey and the Edison Partnership.
NJBIA
President Joe Gonzalez applauded Boyd's appointment. "No one has
worked harder to bring the Department of Labor into the 21st Century than
Mark Boyd," Gonzalez said. "He understands that New Jersey's
workforce and economy are changing dramatically, and that yesterday's
rules for the workplace don't always make sense today."
Prior to joining the Department of Labor, Mr.
Boyd had been a self-employed businessman in his family’s rigging and
trucking company in Kenilworth, New Jersey.
Mr. Boyd holds a BA from the University of Maine and a JD from
Rutgers Law School in Newark. He currently serves as the President/CEO
of Goodwill Industries of Southern New
BIOGRAPHY
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