Banking on HR Technology: RSI Bank Realizes Significant Returns with CheckPoint HR

Edison, NJ (January 23, 2007) – CheckPoint HR, LLC, provider of a Web-based platform to automate all aspects of human resources, payroll services and benefits operations, today announced that RSI Bank, formerly The Rahway Savings Institution, one of New Jersey’s oldest financial institutions, is gaining payroll efficiencies using its on-demand HR platform. Since January 2006, the Rahway, NJ-based bank has optimized CheckPoint HR’s Web-Based Human Resource Management System (HRMS) to automate payroll and create a portal for employee self-service. CheckPoint HR’s 24/7 on-demand, Web-based platform automates all aspects of the HR lifecycle, ranging from recruiting, background checks, and benefits outsourcing to employee self-service and training.

In the past four years, RSI has grown from a one branch community bank in Rahway into a three location financial services institution with offices in Linden, Long Branch and a fourth branch opening in Woodbridge, NJ in 2007. With the employee count tripling from 30 to 94 in that time period, it was paramount for the bank to enhance its payroll processes. With only 30 employees, Kerrie Totten, Director of Human Resources for RSI, and her bank president handled the payroll function but, as a one-person HR department, she realized the need for a more robust solution to accommodate and scale with the bank’s growth surge.


Mrs. Totten’s overall goal was introducing a change in payroll systems without causing disruption among employees. “Many of our employees have been with us for 10, 20 or 30 years and we wanted them to experience a flawless payroll with the changeover to CheckPoint HR,” she added. “CheckPoint HR delivered and we were extremely pleased with the transition in payroll.
In addition, she needed a better HRMS that was easy to use, cost effective and offered time management capabilities. “Our previous provider could not accommodate our unique industry needs. Not only does CheckPoint HR offer more enhanced reporting but also provides the capability to produce custom reports based on our specific parameters,” Mrs. Totten explained. For example, if there are increases in medical and dental plans, she needs to present the reasons to her Board. “I can simply log into the CheckPoint HR system and retrieve the attributed costs broken down by single or family plans and set up the reports in an easy to understand format that clearly explains the changes in health plans.”
Mrs. Totten is also optimizing CheckPoint HR for employee background verification. While background checks are not required by law in most industries, employers can benefit by confirming that the applicant is accurately representing him/herself; ensuring the person has the appropriate skill set, is qualified, and can perform the job — this is critical especially within banking where money is exchanged on a daily basis and precision and accuracy are key.

With CheckPoint HR, RSI has realized significant productivity gains. “CheckPoint HR has empowered us with the tools to handle all the issues associated with running payroll and HR functions. While we may be doing more of these tasks ourselves, we are spending less time doing it. Proving out payroll, accounting for all the minute details and keeping reports together is so much easier with CheckPoint HR.”

Mrs. Totten has also encouraged employees to use the self-service capabilities offered by CheckPoint HR. CheckPoint HR’s system offers role-based security that enables employees to easily login and access their personnel file for viewing information such as paid time off (PTO), payroll history, direct deposit information, merit increases, W-2s and their annual reviews. Employees can also change certain personal information related to address, W-4 payroll deductions, and more.

About RSI Bank
RSI was incorporated by an act of New Jersey State Legislature on February 19, 1851, and it opened its doors to the public on March 12, 1851. As one of New Jersey's oldest financial organizations, RSI has endured and even thrived through challenging periods in our country's history including the Civil War, World War I, World War II, the Great Depression of the 1930's and the banking crisis of the 1980's, when U.S. banks were failing at record rates. Our capital strength along with the support of the community we serve, has allowed RSI to remain a fiscally solid provider of financial services and products. For more information, please visit us at www.RSIbanking.com or call us at 732.388.1800

About CheckPoint HR
Since 2001, CheckPoint HR, based in Edison, New Jersey, has helped small- to mid-size organizations automate all aspects of their human resource operations. As a leading Administrative Service Organization (ASO), CheckPoint HR’s innovative Web-based Human Resource Management System (HRMS) technology platform offers an affordable, comprehensive solution to manage payroll and benefits administration, as well as other business-critical human resources processes. This allows small- mid-market organizations to deliver world-class services to its employees, reduce costs, and improve operational efficiencies. Clients include such names as The American Stock Exchange (AMEX), The Applied Companies, Starwood Capital, Flemington Family of Dealerships, LaBranche Financial Services, and Quintum Technologies. Further completing its HR management solutions, CheckPoint HR boasts one of the largest insurance agencies in the Northeast through The Wilshire Group, its wholly owned subsidiary that offers its customers benefits procurement backed by a sales team of licensed insurance brokers. For more information, visit www.checkpointhr.com or call 800.385.0331.

# # #

Copyright © 2006 CheckPoint HR, LLC. All rights reserved.

Industry keywords: Human Resources, HR Outsourcing, Payroll Services, HRIS, HRMS, Administrative Service Organization (ASO), Benefits Administration