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Workout Wages provides a turnkey human capital solution for firms in receivership and bankruptcy.
Whether you are a bank, consulting practice, or law firm with a specialization in receivership & interim management of financially distressed businesses – Workout Wages is here to help you manage payroll & benefits without disruption to the employees under your stewardship.
MSI Recruiting’s 20+ years of experience in providing temporary staffing and contract-to-hire services inspired the concept for this subsidiary: Workout Wages. Workout Wages offers a turnkey payroll solution for receivership firms by stepping in as the employer of record for the employees of the distressed company.
We provide a white glove service that handles the tasks of payroll, liability insurance, IRS compliance, and health insurance benefits so you can devote your efforts toward managing the turnaround, workout, or restructuring.
Meet our founders
Workout Wages is the brainchild of Jody Moore. The son of a U.S. Naval Officer and the oldest of six, Jody traveled extensively across the U.S. and lived overseas in Puerto Rico for most of his teenage years.
Jody Moore was an All-American Swimmer and graduated from the Hill School in Pennsylvania and later from Tulane University on an athletic scholarship. After partnering with Peer Snoep in 1998, they created MSI Recruiting. Since that time, the business has expanded from a permanent placement agency to offering consulting, temporary, and temp-to-perm services in human resources, marketing, sales, operations, and IT.
Born and raised in South Africa, Peer completed his education in the US after his love of travel took him abroad to finish his final semester in England. In 1998, he partnered with Jody Moore to form MSI Recruiting; after a successful career with an international recruiting firm. Peer’s responsibilities include the day-to-day business operations of MSI and Workout Wages, including strategic planning, budgeting, and business development.
Originally from NJ, Kellen moved to South Florida in 2008 and never looked back. After starting as a Recruiter with MSI Recruiting in 2010, Kellen quickly ascended the ranks to become an equity partner at MSI. Kellen has been instrumental in the formation of the latest two ventures in the portfolio, MSI Blue and now, WorkOut Wages. He looks forward to providing a dynamic style of leadership to both attract internal talent as well as grow the brands.
When I needed a payroll solution for a Winddown, WorkOut Wages was the answer. Alacrity and a ‘will to make it happen’ was the theme in the process as we needed a quick and short-term payroll solution for a liquidation I was managing that entailed 22-employees including both office and hourly workers that we needed to continue to work through the process. Within a 24-hour period of our call we had a quote and when the judgement came through they were able to onboard the employees with three days. I appreciate the seamless transition and was glad to know we were covered by their liability insurance and Workmans Comp as well as being compliant with the IRS in the ability they had to issue W2’s. WorkOut Wages is now my Go To payroll and benefits service for all my future winddowns
Susan Smith - CPA, Managing Director of B. Riley Financial Services
My experience in engaging WorkOut Wages to address our interim payroll and health benefits needs for an Assignment for the Benefit of Creditors (ABC) where I was serving as a fiduciary was exemplary. Their quick response, attention to detail, and uncomplicated onboarding process provided a seamless transition
Jonathan J. Wernick - Managing Director of B. Riley Financial Advisory Service
WorkOut Wages solved our critical, short-term payroll problems with a perfectly tailored employment solution. Their expertise, flexible response, and can-do attitude was a key component of success in our fast-paced, Chapter 11 Bankruptcy workout. They instantly became a part of our team because they took our work as seriously as we do. They even gave us 24-7 access to their top management. The experts at WorkOut Wages created a beautiful, seamless payroll transition that was 100% problem free.
Brent King - Managing Director of B. Riley Financial Advisory Service
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