Managing Costs – Managing health care costs is a hot topic for employers and workers alike, especially now that the Affordable Care Act has implemented penalties for both the individual and employer mandates. One way we help our clients is by striking a balance between an affordable employer sponsored plan and one that meets the legal requirements under health care reform law. Our experience and industry knowledge allow us to guide our customers through the complicated process of plan selection, with a focus on plans and options that are suited to their specific business.
Flexibility Is Key – While it’s great to have an effective employer sponsored benefit plan already in place, it’s important to remain versatile in your benefits management so your business can adapt to changes. These changes can be related to unexpected growth or cutbacks in your business, trends within your specific industry, or even upcoming changes in health care law. Staying flexible is the key to making sure your employee health and benefits offering is comprehensive in meeting the needs of your employees, while fitting within the financial guidelines of your company.
Employee Retention – Salary and benefits are the two most important factors that employees consider when weighing one job offer against another. Quality benefits are especially important in the current professional climate, where employees–millennials in particular–don’t typically stay at a job for more than 5 years. Finding a balance between affordability and quality coverage is the challenge that many of our clients face when trying to recruit and keep top industry talent–a problem we’ve been providing solutions to for more than 25 years.