Prestige hired by NAI L.I. to manage HR services

The HR industry has gone through changes over the past few years. With all the new rules and regulations, it's getting harder for property management, architectural and commercial real estate companies to keep up with all the new regulations. There are different types of employee classifications that property managers need to be aware of when they hire people to work on certain projects. Whether you are hiring a temporary employee for a job or a freelance contractor, property management companies should ensure they are following the proper guidelines in order to avoid costly penalties in the future. Outsourcing your HR department to a Professional Employer Org. (PEO) will help businesses make the right employee related decisions and set the foundation for employee policies. That is what NAI L.I. decided to do when they turned to Prestige Employee Administrators, Inc., a full-service HR outsourcing firm that offers personalized HR support, payroll services, employment services and benefit programs to small and medium-sized firms. Prestige frees the business owner, CFO, controller, or office manager from spending too much of their time managing the employment administrative tasks. As a PEO, Prestige combines the purchasing power of many smaller companies and can often deliver this expertise at little or no incremental cost to its clients. By partnering with Prestige, real estate and property management firms can get HR expertise and set the foundation for future projects. Business owners can focus on other business issues rather than costly employment related rules, regulations and filing requirements that are placed on property management companies. Major players in the NY Real Estate industry have relied on Prestige's expertise for their Human Resources needs. One in particular, NAI Long Island, which is part of NAI Global, is one of the world's leading providers of commercial real estate services. NAI manages a network with 5,000 professionals and 350 offices in 55 countries worldwide. With over $45 billion in transactions annually, NAI needs to focus on keeping their operation running smoothly and not have the burden of worrying about compliance and employee issues. Hiring Prestige has saved the company time and money by handling employee training, professional liability insurance, medical benefits, terminations, and other employee related issues. "By partnering with Prestige, we are able to provide our employees with a menu of benefits and with their human resource knowledge protect our firm by keeping us aware of the latest rules and regulations that face the real estate industry," states Frank Socci, Jr. CPM®, Principal of NAI Long Island. NAI Long Island provides its clients with a menu of real estate services and specialized support that can be customized based on their clients' needs. NAILI has assembled an outstanding group of professionals who are specialists in the management, sales, and leasing of properties. For further information, visit www.nailongisland.com. Many property management companies have partnered with Prestige to help with employee training and relations. Most want affirmation that their employees are categorized correctly and have consistent policies in place to help keep them in compliance with all applicable Federal, State, and Local regulations. Also, tenant liability is another huge issue facing the real estate industry. Prestige is equipped to handle all these issues and can develop company handbooks for clients, which are distributed to all new hires to clearly communicate the firm's policies and practices. In addition, Prestige has a dedicated HR representative available for meetings and employee training seminars and has conducted a multitude of on-site training sessions throughout the NYC area. By having a dedicated Human Resources representative at your fingertips, companies can focus their attention on growing their businesses. At the end of the day, the decision to use a PEO is a smart one for companies that are in an industry where the rules and regulations are changing frequently. The real estate industry has many different levels of employees and needs help managing the day to day operations. By having a PEO as your HR partner, the big players can focus on getting their properties sold and buildings leased while not compromising their level of HR service. For further information on how PEO's can help your business, visit www.prestigeemployee.com.