COMPENSATION SOLUTIONS PRESIDENT AND CEO
THOMAS J. CIOFFE NAMED AS FINALIST FOR
NEW JERSEY’S ENTREPRENEUR OF THE YEAR® AWARD

 Business Leadership Award is
Nation’s Most Prestigious Honor For Entrepreneurs

 

FOR IMMEDIATE RELEASE
CONTACT:   PATRICIA A. BASILO
                         201-405-1115

OAKLAND, NEW JERSEY – May 17, 2004    Compensation Solutions, Inc. (“Compensation Solutions”), one of the tri-state area’s leading Professional Employer Organizations (PEO), today announced that Thomas J. Cioffe, President and CEO, was selected as a finalist for New Jersey’s 2004 Ernst & Young Entrepreneur of the Year® (“EOY”) award.  

The EOY program recognizes a select group of entrepreneurs whose ingenuity, hard work and perseverance have created and sustained successful, growing business ventures. These entrepreneurs are true visionaries who are able to take challenges and turn them into opportunities. These business leaders exhibit the imagination, courage and perseverance it takes to pursue the entrepreneurial dream.     

Compensation Solutions is a professional employer organization that provides professional human resource management services to small to mid-sized businesses. These services include cost effective solutions for the soaring costs of employee benefits packages; professional risk management tools such as up-to-date employee handbooks, policies and procedures and record retention services to ensure that employers are in compliance with state and federal laws; professional claims management; customized payroll; recruitment, training and retention services and professional advice on employee compensation and retirement planning.   

Commenting on his nomination, Cioffe said, “I am very honored to be considered for such a prestigious award and to be placed in a group of nominees who represent the best of the business community in New Jersey. Much of the credit goes to my team of Human Resource professionals for their hard work, their dedication to client service and their commitment to the continued growth and development of our PEO program. This recognition is truly a reflection of their ongoing efforts to establish Compensation Solutions as the premier PEO in the tri-state area.”  

About Ernst & Young 

Ernst & Young, a global leader in professional services, is committed to restoring the public’s trust in professional services firms and in the quality of financial reporting. Its 110,000 people in more than 135 countries around the globe operate with the highest levels of integrity, quality and professionalism to provide clients with solutions based on financial, transactional and risk-management knowledge in its core services of audit, tax and corporate finance. A collection of Ernst & Young’s views on a variety of business issues can be found at www.ey.com/perspectives. Ernst & Young refers to all the members of the global Ernst & Young organization, including the U.S. firm of Ernst & Young LLP.

About Compensation Solutions  

Compensation Solutions is a leading professional employer organization (PEO) that serves as a full time human resource company for small and mid-sized businesses throughout the United States and its territories. Compensation Solutions’ headquarters is located in Oakland, New Jersey with offices in Manhattan. For additional information, please visit the Compensation Solutions website at  www.Compensation Solutionsinc.com.