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
Oakland, New Jersey
– May 10, 2006 - Compensation
Solutions (“COMPSolutions”), one of the tri-state area’s leading
Professional Employer Organizations (PEO), is proud to announce that
Thomas J. Cioffe, President and CEO, has again been selected as a
finalist for New Jersey’s Ernst & Young Entrepreneur of the Year®
(“EOY”) award. From the first program in Milwaukee, Wisconsin, in 1986 to 26
regions in the United States and 35 countries throughout the world,
Ernst & Young has recognized the vital contributions of
entrepreneurs – the leaders and creators who build and sustain
world-class businesses that are a testament to vision, leadership,
achievement, and social responsibility. These entrepreneurs have the
capacity to transform entire organizations, create new products and
services, enrich individual lives and contribute to the vibrancy of
national economies.
“Ernst & Young EOY award
winners embrace the entrepreneurial spirit and determination necessary
to achieve success,” said Keith Brownlie, Partner and New Jersey Ernst
& Young EOY program Co-Director. “Ernst & Young is proud of
its 20-year history of recognizing and supporting these outstanding
leaders and their companies.” Past winners include Kenneth Freeman of
Quest Diagnostics, Gedalio and Efraim Grinberg of Movado Group, and
Glenn Cohen of YHD Foxtons. These business leaders exhibit the
imagination, courage and perseverance it takes to create and sustain
successful, growing business ventures. They are true visionaries who are
able to take challenges and turn them into opportunities.
COMPSolutions 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, Tom Cioffe said, “I am very honored to be
considered for such a prestigious award and to be placed in the company
of nominees who represent the best of the business community in New
Jersey. This nomination is testament to the focus, drive and dedication
of the entire COMPSolutions team, and their commitment to contribute to
the continued growth and development of our PEO program.”
 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 107,000 people in more than 140
countries around the globe pursue the highest levels of integrity,
quality and professionalism, providing a range of sophisticated services
centered on our core competencies of auditing, accounting, tax and
transactions. Further information about Ernst & Young and its
approach to a variety of business issues can be found at www.ey.com/us/perspectives.
Ernst & Young refers to all the members of the global Ernst &
Young organization.
About the Entrepreneur of the Year Program
The
Entrepreneur of the Year® awards program was created and is produced by
professional services firm Ernst & Young LLP. As the first award of
its kind, the Ernst & Young Entrepreneur of the Year award
recognizes outstanding entrepreneurs who are building and leading
dynamic and growing businesses. The program honors entrepreneurs through
regional, national and global awards programs in over 100 cities and 35
countries.
About
Compensation Solutions
 COMPSolutions
is a leading professional employer organization (PEO) that serves as a
full-time outsourced human resource partner for small and mid-sized
businesses throughout the tri-state area and the United States. By
managing employee benefits, human resources, payroll and workers’
compensation administration, COMPSolutions allows its clients to focus
on their core competencies to maintain and grow their bottom line.
COMPSolutions’ headquarters is located in Oakland, New Jersey with
offices in Upper Saddle Rive and Manhattan. For additional information,
please visit the COMPSolutions website at www.compsolutionsinc.com.
FOR
IMMEDIATE RELEASE
CONTACT: Patricia Basilo
201-405-1115
pbasilo@compsolutionsinc.com
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