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March 2010: Learn about International Payroll Complexities at APA Annual Congress May 26 - 28, 2010
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If you would like to learn about shadow payrolls or the challenges of implementing international payrolls, visit with Michele Honomichl, Celergo's CEO, for her sessions at the American Payroll Association's 28th Annual Congress at the Gaylord National Resort & Convention Center in Washington DC. The theme this year is "Pay Heroes." APA's Annual Congress offers over 170 educational workshops, the world's largest payroll, accounts payable, and finance Expo. Please stop by Celergo's booth 727 and visit. To register for the Conference visit APA's website.
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September 2009: Celergo Named to Inc. 500 List of Fast Growing Companies
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Chicago, IL – Inc. magazine ranked Celergo No. 98 on its 28th annual Inc. 500, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Companies such as Microsoft, Zappos, Intuit, GoDaddy, Under Armour, Jamba Juice, American Apparel, Oracle, and hundreds of other powerhouses gained early exposure as members of the Inc. 500.
“If you want to know which companies are going to change the world, look at the Inc. 500,” said Inc. editor Jane Berentson. “These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”
Celergo is global payroll service provider to multinationals in over 90 countries. Celergo streamlines a client’s payroll process by utilizing a centralized approach and methodology across the world. “We’re tremendously excited to be recognized for Celergo’s growth,” said Bert Brown, Chief Operating Officer and co-founder of Celergo. “Our team helps clients with complex global business processes and the growth is directly attributed to the success of those partnerships.”
The 2009 Inc. 500, unveiled in the September issue of Inc. magazine and on Inc.com, reported aggregate revenue of $18.4 billion—up significantly from last year’s $13.7 billion—and a median three-year growth rate of 880.5 percent. The companies on this year’s list are also responsible for creating more than 55,000 jobs since their founding, making the Inc. 500 perhaps the best example of the impact private, fast-growing companies can have on the overall U.S. economy. The largest company on the list, flat-panel-TV maker Vizio, broke the $2 billion revenue mark. Complete results of the Inc. 500, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com.
Despite the ongoing recession, the 2009 Inc. 500 offers a glimpse of the future of the U.S. economy. In the health sector, which saw aggregate revenue of $1.1 billion and a 917 percent median growth rate, businesses are moving forward on cancer and stem-cell research, clinical trials, and medication management. More than 25 percent of companies in the energy sector ($2.5 billion aggregate revenue; 942 percent median growth rate) focus on solar and other alternative sources. Fewer than a third of retailers ($356 million aggregate revenue; 914 percent median growth rate) have even a single brick-and-mortar store. And the number of companies providing technical services to the various branches of the federal government continues to rise.
Celergo ranked No. 6 on the list for fastest growing company in the Chicago metropolitan area. Led by CEO Michele Honomichl, Celergo ranked No. 9 on the list for fastest growing companies run by a woman. And Celergo ranked No. 10 on the list for fasted growing companies in the Business Products & Services category.
Methodology
The 2009 Inc. 500 measures revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2008. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2005 is $200,000; the minimum for 2008 is $2 million.
About Celergo
Celergo currently provides global payroll services in 90 countries. Celergo helps clients from around the world streamline their global payroll process through a single system ensuring compliance, consolidation efficiencies, and ease of expansion to additional countries. Headquartered in Deerfield, IL Celergo also has offices in London and Singapore. For more information about Celergo’s services, please visit www.Celergo.com.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.
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July 2009: Celergo Named One of Chicago's 101 Best and Brightest Companies to Work For
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Chicago, IL — Celergo, a provider of global payroll services, has been recognized as one of “Chicago’s 101 Best and Brightest Companies to Work For” by the National Association for Business Resources (NABR). Celergo, along with other Chicago companies, will be recognized at a symposium and awards luncheon in August.
The selection of the 2009 winning companies is a result of an independent research firm that evaluates each company's entry in the following categories: communication, community initiatives, compensation and benefits, diversity and multiculturalism, employee education and development, employee engagement and commitment, recognition and retention, small business, recruitment and selection, and work-life balance.
“This recognition is due to the culture and values fostered by the entire Celergo team,” said Bert Brown, Chief Operating Officer and co-founder of Celergo. “We are very excited and honored to be one of Chicago’s 101 ‘Best and Brightest’ companies. Our team makes decisions everyday based on our core values that cultivate our work environment and help our clients succeed around the world.”
“We are honored to recognize the efforts of this year’s 101 'Best and Brightest' companies. These companies have created impressive organizational value and business results through their policies and Best Practices in human resource management. This award has become a powerful recruitment tool in the drive to attract and retain exceptional employees,” said Jennifer Kluge, NABR president.
NABR will be honoring winning companies, as well as presenting 11 elite awards, at the annual event on Monday, August 10, 2009 at the Chicago Oak Brook Marriott. Judy Hsu from ABC-7 Chicago News and Pat Cassidy from WLS 890 AM News Radio will emcee the awards ceremony.
About Celergo
Celergo currently provides global payroll services in 90 countries. Celergo helps clients from around the world streamline their global payroll process through a single system ensuring compliance, consolidation efficiencies, and ease of expansion to additional countries. Headquartered in Deerfield, IL Celergo also has offices in Houston, London, and Singapore. For more information about Celergo’s services, please visit www.Celergo.com.
About NABR
The National Association for Business Resources (NABR) advocates and represents small and medium-sized businesses throughout the US. NABR specializes in providing businesses the benefits, programs, services, and assistance required to operate as efficiently and successfully as possible. Best practice solutions are available to members in the areas of human resources, healthcare, legal, transaction, compliance, marketing, and office services. For more information about NABR and its offerings, please visit www.nationalbiz.org or call 1-866-321-1822.
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News
Michele Honomichl, CEO of Celergo, Shared Her Expertise During the Hackett Group's 2009 Payroll Leadership Forum on November 11, 2009.
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Michele joined a panel for a “Global Payroll Processing Panel Discussion” as part of the 2009 Payroll Leadership Forum at the Hackett Group in Atlanta, GA. The topics focused on global payroll challenges and global payroll service delivery models. See The Hackett Group for more info.
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Michele Honomichl, CEO of Celergo, and Janet Roome, Celergo Sr. Project Manager, presented a session on “What You Need to Know About Paying People Internationally” at APA’s 20th Annual Michigan Statewide Conference at Grand Rapids, MI on October 22, 2009.
This session provided a basic overview of what you need to know about paying people internationally. Attendees learned about the complexity of paying international payrolls, basic structure of payrolls in foreign countries, how payrolls in foreign countries differ from US payrolls, and compliance differences.
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Darin Lowe, Celergo Sr. Project Manager, presented a session on “Paying Foreign Nationals around the World” at APA’s Northstar Conference at Bloomington, MN on October 22, 2009.
This session provided a basic overview of what you need to know about paying people internationally. Attendees learned about the complexity of paying international payrolls, basic structure of payrolls in foreign countries, how payrolls in foreign countries differ from US payrolls, and compliance differences.
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Michele Honomichl, CEO of Celergo, presented a session on “Global Payroll Management” at APA’s NE conference at Hyannis, MA on June 11, 2009.
This session provided a basic overview of international payroll requirements including the differences from US payroll. “It is important for US payroll professionals to understand the different practices at their international locations, so they can ask the important questions to ensure compliance is being maintained,” explains Michele. “Speaking engagements are an excellent way for us at Celergo to disseminate our expertise to industry professionals. This is especially important as the payroll environment constantly changes with expanding data privacy, OFAC, AML, and data protection requirements."
Attendees learned about local laws including collective agreements, pay dates, deductions, benefits, entity requirements, taxability concerns, social insurance costs and more.
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Celergo presented “Challenges of Expatriate Payroll Management” at ORC’s European Roundtable in Geneva, Switzerland.
Celergo presented at the annual ORC European Expat Policy Forum in Geneva, March 20, 2009. Designed for senior expatriate HR professionals, the forum provides a unique opportunity to brainstorm, share best practices, stay current in the field, and gain insights into some of the most difficult workforce management issues confronting companies with significant European operations. Celergo’s presentation addressed the challenges of an expatriate payroll administration and focus on associated process improvements.
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CEO Michele Honomichl authors a chapter on International Payroll in the Payroll Answer Book (2008 Edition) published by Aspen Publishers.
"The Payroll Answer Book gives payroll professionals guidance on what they need to do to comply with the law. Extensive coverage is given to the payroll implications of the wage and hour law and how to handle the federal employment taxation of benefits offered to employees. Detailed information is provided on computing and paying payroll taxes, how to handle garnishments and other deductions, how to determine whether workers are employees or independent contractors, how to treat sick pay, what questions to ask when your company is setting up a payroll in a new country, and how to deal with the payroll ramifications of a merger, acquisition, or divestiture. In addition to answering the full range of payroll questions, the Payroll Answer Book is full of examples that illustrate necessary calculations."
See Aspen Publishers' website for more details!
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CEO Michele Honomichl presented at the APA Annual Congress. Dates were May 19 - 23, 2009.
Thank you to everyone who attended her session on International Payroll Practices!
The presentation “International Payrolls – Paying foreign nationals Worldwide” provided participants an overview of international pay practices and how they differ from country to country. Michele covered how employment contracts, benefits, pay dates, vacation timing, holidays, time reporting, collective agreements and more integrate together to form the international payroll process.
The American Payroll Association's (APA) annual conference has over 125 workshops, a payroll and finance exhibit hall, plus networking and motivational opportunities. The 27th Annual Congress was held at the Long Beach Convention Center in Long Beach, California.
See the APA website for additional information.
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Janet Roome, Celergo Sr. Project Manager, presented a session on “Shadow Payrolls” at APA’s 27th Annual Congress, May 19 - 23 in Long Beach, California.
The presentation covered various aspects of ensuring companies are maintaining their compliance on expatriate host taxes. Topics included: What is a shadow payroll? When is a shadow payroll required? How to set-up a shadow payroll? How are shadow payrolls integrated with local payrolls in each host country? How is US shadow payroll different than shadow payrolls in other countries?
With over 20 years of payroll experience, Janet supports the expatriate practice at Celergo. Prior to joining Celergo, Janet worked for Deloitte & Touche on the DaimlerChrysler account. She has been a CPP since 1994 and a member of APA since 1995. She volunteers on the APA Hotline Referral Committee and the Strategic Payroll Leadership Task Force where she is a member of the Global Payroll Committee.
Celergo manages cash and tax payrolls for its expatriate clients, thereby improving their efficiency, internal controls, and compliance in one of the most complex areas of payroll administration.
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Michele Honomichl and Janet Roome presented “Global Payroll: A Case Study” at APA’s 27th American Congress, May 19 – 23, 2009 in Long Beach, California.
This session illustrated a case study of a client that “spun-out” from a parent organization, which required the HR team to launch payroll in over 20 countries with little internal support. The presentation covered challenges of the launch including data gathering, parallel testing, benefits, communication, accounting, and funding. Attendees learned about how this company overcame these challenges to create a world class consolidated payroll program worldwide.
Celergo has supported numerous companies which were divested or spun-out from a parent organization. These clients face different issues than a client with a current global foot print looking to improve their payroll processing. Divestitures need to set-up entities, determine benefits, review collective agreements, determine pay dates, and define funding methodologies. Through Celergo’s extensive experience with these situations, its experienced staff can provide invaluable insight into how to overcome the challenges of launching an international payroll in an often compressed timeframe.
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Celergo Exhibited at Society of Human Resource Management's Global Conference and Exhibition on March 30 - April 1, 2009.
"Experience world-class networking and concurrent sessions with an international focus at the SHRM Global Conference & Exposition. SHRM is committed to delivering high-profile and relevant topics to HR professionals that deal daily with the challenges presented to them in their roles as international HR managers, and we have crafted a conference designed to present you with information, solutions, education and an opportunity to network with like-minded professionals."
See the SHRM web site for more details.
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