Outsourced HR for Financial Services Companies
Elevating Financial Services Companies Through Expert HR Solutions
The most valuable asset for financial services companies isn’t just capital, but the people driving innovation, building client trust, and shaping business success. That’s why investing in strong HR isn’t just about checking a box—it’s a strategic advantage that fuels growth, strengthens culture, and maximizes your investment in your people. With over 20 years of industry experience, myHR Partner specializes in providing innovative, effective HR services for financial services companies.
Your Company's Culture, Our HR Expertise
Our tailored HR fits seamlessly into your business, respecting and amplifying your goals. Here are the specialties myHR Partner provides financial services throughout the United States:
Benefits Administration
Attractive, well-administered benefits are a cornerstone of talent attraction and retention in the competitive financial services industry. Our team works hand-in-hand with your benefits providers, brokers, and other partners to manage benefits administration smoothly on your behalf.
Benefits Administration
Offering benefits that meet the needs of a diverse workforce, such as health insurance plans, health and wellness programs, and retirement plans, can help attract and retain employees. We are ready to help manage the complexity of administering these benefits.
We work closely with the vendor of your choice, coordinating essential administrative tasks behind the scenes. This includes (but isn’t limited to) communicating with your chosen benefits provider, tracking changes, managing open enrollment, and helping employees understand their benefits. We take the internal tasks of benefits administration off your plate.
Compliance Management
Navigating complex, ever-changing regulatory requirements is a critical challenge for financial services firms. Our compliance management service ensures you’re informed and prepared for federal, state, and local regulations.
Compliance Management
Our team stays abreast of regulations, guiding and managing compliance for you. We spot regulatory changes, advise on the impacts, and handle any implications so that your company can maintain compliance.
Employee Relations
A positive, productive workforce requires motivated, engaged employees. Our HR experts specialize in creating robust employee relations strategies that foster collaboration, resolve conflicts, and maintain a healthy workplace culture.
Employee Relations
Employee relations are a critical aspect of human resources. They help mitigate potential workplace challenges while promoting a culture of mutual respect and continuous improvement. From creating and managing employee recognition initiatives to navigating performance challenges, your myHR Partner team will treat your employees with the same care and expertise we treat our own.
Management Counsel
Strategic leadership is best developed through holistic, informed guidance. Our HR professionals provide dynamic management counsel that helps business leaders manage strong, successful teams.
Management Counsel
By equipping team leaders with support for everyday conversations and complex decisions, we enable them to lead thriving teams. From assisting with performance management conversations to guiding on challenging situations, our counsel extends beyond traditional HR tasks, positioning human capital as a strategic lever for business productivity.
Payroll Administration
Accurate, timely payroll processing is more than an administrative function — it's a fundamental commitment to your workforce. Our payroll services ensure your employees are compensated promptly during every pay period.
Payroll Administration
Managing payroll in financial services can be uniquely complex, with intricate compensation structures and strict regulations. Our team ensures accuracy, compliance, confidentiality, and efficiency—so you can focus on your firm’s financial success.
myHR Partner works seamlessly with your chosen payroll system, managing paid time off, deductions, administering changes, supporting year-end compliance, and more.
Hiring Services
In the financial sector, every hire represents a potential competitive edge. Our hiring services focus on finding the best employees with the needed skill set while providing a smooth, impressive process for candidates and hiring managers.
Hiring Services
Finding top talent is highly competitive, and financial services firms need employees with specialized skill sets. Our team’s expertise in sourcing, recognizing, and attaining talent is crucial to hiring employees who will thrive at your company.
We handle all the legwork of hiring, from crafting effective job ads to thoroughly interviewing candidates and managing all communication throughout the process. Let us shoulder the time-consuming work of hiring so you can maintain a sharp focus on delivering exceptional financial services.
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Benefits Administration
Attractive, well-administered benefits are a cornerstone of talent attraction and retention in the competitive financial services industry. Our team works hand-in-hand with your benefits providers, brokers, and other partners to manage benefits administration smoothly on your behalf.
Benefits Administration
Offering benefits that meet the needs of a diverse workforce, such as health insurance plans, health and wellness programs, and retirement plans, can help attract and retain employees. We are ready to help manage the complexity of administering these benefits.
We work closely with the vendor of your choice, coordinating essential administrative tasks behind the scenes. This includes (but isn’t limited to) communicating with your chosen benefits provider, tracking changes, managing open enrollment, and helping employees understand their benefits. We take the internal tasks of benefits administration off your plate.
-
Compliance Management
Navigating complex, ever-changing regulatory requirements is a critical challenge for financial services firms. Our compliance management service ensures you’re informed and prepared for federal, state, and local regulations.
Compliance Management
Our team stays abreast of regulations, guiding and managing compliance for you. We spot regulatory changes, advise on the impacts, and handle any implications so that your company can maintain compliance.
-
Employee Relations
A positive, productive workforce requires motivated, engaged employees. Our HR experts specialize in creating robust employee relations strategies that foster collaboration, resolve conflicts, and maintain a healthy workplace culture.
Employee Relations
Employee relations are a critical aspect of human resources. They help mitigate potential workplace challenges while promoting a culture of mutual respect and continuous improvement. From creating and managing employee recognition initiatives to navigating performance challenges, your myHR Partner team will treat your employees with the same care and expertise we treat our own.
-
Management Counsel
Strategic leadership is best developed through holistic, informed guidance. Our HR professionals provide dynamic management counsel that helps business leaders manage strong, successful teams.
Management Counsel
By equipping team leaders with support for everyday conversations and complex decisions, we enable them to lead thriving teams. From assisting with performance management conversations to guiding on challenging situations, our counsel extends beyond traditional HR tasks, positioning human capital as a strategic lever for business productivity.
-
Payroll Administration
Accurate, timely payroll processing is more than an administrative function — it's a fundamental commitment to your workforce. Our payroll services ensure your employees are compensated promptly during every pay period.
Payroll Administration
Managing payroll in financial services can be uniquely complex, with intricate compensation structures and strict regulations. Our team ensures accuracy, compliance, confidentiality, and efficiency—so you can focus on your firm’s financial success.
myHR Partner works seamlessly with your chosen payroll system, managing paid time off, deductions, administering changes, supporting year-end compliance, and more.
-
Hiring Services
In the financial sector, every hire represents a potential competitive edge. Our hiring services focus on finding the best employees with the needed skill set while providing a smooth, impressive process for candidates and hiring managers.
Hiring Services
Finding top talent is highly competitive, and financial services firms need employees with specialized skill sets. Our team’s expertise in sourcing, recognizing, and attaining talent is crucial to hiring employees who will thrive at your company.
We handle all the legwork of hiring, from crafting effective job ads to thoroughly interviewing candidates and managing all communication throughout the process. Let us shoulder the time-consuming work of hiring so you can maintain a sharp focus on delivering exceptional financial services.
Our myHR Partner team is strong and confident. They can work with employees at all levels of our organization; they are comfortable interacting with people from the shop floor to the President’s office. They are also up-to-date with the latest regulations and trends. They have learned our culture and adapted the presentation of information to work seamlessly with our thought and decision-making processes. Their business cards may say myHR Partner, but they are viewed as Lamtec.
With myHR Partner’s guidance, coaching and input, we make confident and timely HR decisions that are positively impacting the daily operation of our business.
We’re an employee-owned branding agency that works with demanding clients like large universities and pro sports teams, so we need to attract and retain the top talent in our industry.
We brought myHR Partner on board to help us communicate a pretty progressive--but complicated--benefits plan and offer our employees a third-party resource to make sure their needs and concerns are always being addressed. I really appreciate having myHR Partner as a trusted resource.
We did not have internal or external HR expertise previously, and I recommend their services to any business looking to enhance their HR functions.
myHR Partner has been a valuable resource for our company all around. Employees have been able to anonymously request information or seek guidance on HR issues, and it has allowed management to feel secure in the choices offered to employees regarding HR issues.
Outsourcing some of our HR functions has brought management peace of mind, knowing that a professional resource is a phone call or email away should a problem arise. It also provides our employees with an objective party to direct any HR questions or concerns.
From the top down, the staff at myHR Partner are consummate professionals. We rely on myHR Partner to keep us compliant and help us create a pleasant work environment for our employees.
Frequently Asked Questions
You’ve got questions. We’ve got answers.
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When financial services firms outsource their HR to myHR Partner, it allows them to leverage the expertise of HR professionals invested in their firm, while freeing them to manage their business:
Focus on the Business
Outsourcing HR allows your leadership team to concentrate on their core activities and focus on the business rather than managing HR-related issues.
Flexibility
HR outsourcing allows financial firms to scale HR functions. Whether your organization is expanding into new markets with different regulations or handling fluctuating workforce demands, outsourcing HR can help you adapt to changing circumstances without the need to hire or lay off in-house HR staff.
Stronger Employee Relations
Outsourcing HR provides dedicated HR access and support to employees, leading to an improved overall employee experience.
Improved Hiring
Outsourcing hiring can improve the quality and efficiency of the hiring experience for candidates and managers alike. Through the creation and management of expert processes, strong sourcing, skilled interviewing, and more. This can be especially beneficial for financial firms that need seasonal hires, high-volume hiring for specific positions, or niche candidates.
Cost Efficiency
Outsourcing HR functions offers an alternative to in-house HR staff compensation, training, and infrastructure costs. Our scalability and flexibility make it simple to find solutions that work best for you.
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Retention
Retaining employees in any industry can be a challenge — especially in high-pressure and specialized finance roles. Employees in the financial sector are at higher risk of burnout due to the high-stress environment and long work hours, which can lead to high turnover rates (which are expensive and can have a negative impact on morale). The development of strategies for career growth will help retain top performers, as will strong employee relations and implementing employee programs that promote a positive organizational culture and employee experience.
Succession Planning
Financial services companies should have a succession plan. A plan for the future provides continuity of organizational leadership, expertise, and institutional knowledge. It’s crucial to identify and nurture top talent for future leadership, particularly in highly specialized areas such as investment management and risk analysis.
With an aging workforce in some areas of the financial industry, there is a risk of losing institutional knowledge as senior employees retire. Our team can assist with mentor programs, career pathing, and performance management processes that help ensure a smooth transition.
Employee Engagement
The financial services industry is competitive, and achieving employee engagement can be particularly difficult in roles that involve repetitive work or are highly results-driven. An example of how to combat that is the implementaiton of employee recognition programs, resulting in improved engagement, increased morale, and higher productivity.
Performance Management
Developing effective performance management systems that align with business and employee goals is key to establishing and maintaining a motivated workforce. Traditional performance reviews may not always be the most effective. We can provide and implement performance management processes that align with your goals and culture.
Compliance
Staying compliant in the financial services industry is more than just checking boxes—it’s a critical component of risk management and long-term success. With ever-evolving regulations at the federal, state, and local levels, financial services companies must continuously review policies and procedures to ensure they align with the latest compliance requirements. Failure to do so can result in hefty fines, reputational damage, and operational disruptions. Our team identifies upcoming regulatory changes, advises on the impacts, and handles any implications to minimize risk and keep your organization on the right track.
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Not at all. When you partner with us, you remain at the helm of key decisions. We act as an extension of your leadership team, implementing HR solutions that complement your company’s culture and business strategy. You gain the benefits of expert guidance and dedicated resources without sacrificing your firm’s unique voice or strategic direction.
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Yes — we serve businesses with employees in more than 40 states, many of which have remote employees! We have expertise in all areas of HR, including compliance management across the United States for remote employees.
Amanda Pier, PHR
Take Your Company to the Next Level With Our HR Services for Financial Firms!