Dive Brief:
- An article at Fortune explores a new company, ThinkHR, that is offering a database HR professionals can use to research complex compliance regulations and other HR related issues with strategies that differ from state to state.
- Author Heather Clancy writes that ThinkHR, a surprisingly mature company (10 years old) that recently raised $12 million in new equity financing, promises to cut time it takes to find an answer and to help HR teams answer all sorts of questions "more consistently."
- Clancy reports that ThinkHR distributes its database via partnership with about 650 payroll service providers and insurance brokers (who in turn offer database as part of corporate benefits plans).
Dive Insight:
“In HR, the answer has to be trusted,” ThinkHR CEO and founder Peter Yozzo told Fortune, adding that seven of the 10 largest U.S. brokers offer it, at a minimum regionally. Also, ThinkHR also offers tools such as its Employee Handbook Builder and compliance training as well.
“We offer it to all clients as a benefit,” Brian Rochette, senior director of employee benefits and operations with the New England division of Marsh & McLennan Agency (a subsidiary of professional services firm Marsh & McLennan), told Fortune.
The move to ThinkHR came about when Rochette’s team lost a part-time employee who handled HR compliance-based research when they changed jobs. “We are saving money and probably delivering more services in a more consistent manner to more clients than before,” Rochette told Fortune.
While access to ThinkHR is obviously limited (only available through specific distribution channels), HR leaders might ask their benefits brokers if that type of service is available, and if not, why not?
