THE CHALLENGE
A private equity-backed carve-out of a 150-employee eCommerce business from a large public retail company created immediate HR and payroll challenges. The client lost access to all HR and payroll resources previously provided by the parent company, requiring the urgent establishment of a new entity, policies, procedures, and systems to ensure continuity and compliance. Leadership needed to minimize risk, avoid disruption to employees, and deliver benefits that matched those previously offered by the parent organization – all under a strict private equity transaction timeline.
OUR ROLE
enhanceHCM served as the lead partner for the carve-out, managing the setup of a new entity and Federal Employer Identification Number (FEIN), overseeing payroll and HR stabilization, and providing interim HR and payroll support. Our team guided the organization through the transition while building the infrastructure to support long-term operations.
SOLUTION
- Set up new entity and FEIN
- Establish internal policies and procedures from scratch
- Provide interim HR and payroll support during transition
- Build out and implement a full-suite workforce management platform
- Support employee onboarding and benefit plan migration
OUTCOME
The company achieved a successful go-live within 10 weeks, avoiding disruption to employees while maintaining compliance and operational continuity. Employees transitioned seamlessly onto new benefit plans that mirrored those of the parent company, and payroll was delivered without error throughout the interim period. With enhanceHCM’s leadership, the organization established a strong HR and payroll foundation to support future growth under new ownership.
