Company creates "prosperity from within" by re-engineering one of its business lines, creating a new one, and launching two new brands during the economic downturn.

Honolulu, Hawai'i (PRWEB) November 23, 2009 -- ALTRES has been named the 2009 "Innovative Company of the Year" as part of the eighth annual Business Leadership Hawai'i awards, presented by Pacific Business News. In addition, the company was a finalist in the "Best in Business" category for companies with more than 100 employees.

After 40 years of demonstrated leadership and innovation in the areas of employment, recruitment, human resources administration, and business outsourcing, ALTRES continues to be recognized as an agent of change, both locally and nationally. "I have always encouraged clients, as well as my employees, to create prosperity from within," said CEO Barron Guss. "A slow economy is the perfect opportunity for companies to innovate and prepare for future success."

While many businesses were lamenting the state of the economy, ALTRES took full advantage of the economic slowdown by deconstructing its 25-year old professional employer organization (PEO) business, re-building it in a matter of months--in complete secrecy--and launching the business under the new brand, simplicityHR™.

ALTRES re-engineered its entire business processes to create a three-tier service offering that the company believed would better meet the specific human resources administration needs of a wider range of Hawai'i businesses. ALTRES is the first PEO in the nation to offer three choices of bundled service options for payroll administration, workers' compensation, healthcare coverage, employee benefits, legal compliance, and human resources support.

As part of its re-engineering effort, ALTRES also invested heavily in new technology to construct HR Symphony™, a comprehensive, easy-to-use online human resources information system (HRIS). HR Symphony dramatically simplifies employment administration workflow for clients and their employees--giving them 24/7 access to payroll history, paid time off details, employee handbooks and more. ALTRES' new HRIS includes proprietary software such as the ALTRES QuickHire module, which integrates the latest electronic signature technology and the Department of Homeland Security's new e-Verify system to create a seamless, paperless solution for all required state and federal new hire forms.

"As an innovator in the industry, ALTRES has been and continues to be a thought-leading firm, defining a complex outsourcing business model of what has become an extremely invaluable tool to small and mid-sized businesses globally," said Harry Feinberg, chairman and CEO of SourceQuest LLC, a mergers and acquisitions strategic advisory firm, and founder and CEO of Outsourcing Today, an international publisher of outsourcing magazines for business. "ALTRES is always thinking ahead and setting new standards for the industry," he said.

In addition to transforming and rebranding its PEO business, ALTRES launched a new, market-disrupting online business in April 2009. Designed to make it easier than ever for jobseekers and employers to find each other, JobsFreeForAll.com is a full-featured job website with a twist: it allows employers to post all of their job openings for free.

Within six months JobsFreeForAll.com became the most visited local job website in the Hawai'i market, according to web information services company, Alexa. ALTRES is currently in discussions with potential partner companies in other metropolitan markets and plans to roll out the business in select U.S. markets in 2010.

Founded in 1969 in Honolulu, ALTRES is Hawai'i's largest human resources company.

ALTRES, Inc. is Hawai'i's premier provider of HR administration solutions, known collectively as simplicityHR, and is Hawai'i's pioneer professional employer organization (PEO). Serving as the human resources "back office" for hundreds of Hawai'i businesses, ALTRES, Inc. provides employment administration, payroll processing, workers' compensation, risk management, healthcare coverage, and employee benefit plans, covering thousands of employees statewide. More information is available at http://www.simplicityHR.com.

ALTRES Staffing is Hawai'i's largest recruitment and employment services company. With four specialized divisions--Office/Professional, Industrial, Technical and Medical--the company helps businesses meet their challenges by recruiting and placing experienced, pre-screened, and pre-qualified employees in temporary, temp-to-hire, direct-hire and contract positions throughout the islands. More information is available at http://www.altres.com.