It's our experience and expertise working for you.
Constructing and effectively marketing (internally and externally) a great employee benefits package is key to success in today's business environment. Offering the right benefits can be as attractive a draw to top talent as can competitive salaries and a positive company culture. And great benefits are also a key way to retain the best talent after you've captured it.
But the fact is, it's not enough to just have top-of-market employee benefits; you also have to manage them once you have them. And that can put great pressure on your HR department.
Here are some of the most important reasons to outsource your employee benefits administration services:
1. Better Use Of Your HR Department
Especially for small to medium sized businesses, a valuable, flexible employee benefits program (the kind your employee want!) can dominate the daily routine of HR staff. This will mean either that other tasks get delayed or that employees can't get quick assistance with benefits related questions and problems.
But when you outsource benefits admin, HR cheers. They are no longer overwhelmed and can work more productively at everything else on their plate. A call center run by the benefits admin partner can handle employees' concerns and do it during non-work hours: so your non-HR employees will be happier and more productive too!
2. Better Benefits Engagement And Utilization
A dedicated benefits administration company whose job it is to focus on the details of the various benefit options you offer, will be constantly on top of the minutia of and any changes in your benefits package.
They will be able to assist you with benefits enrollment, help educate employees year-round about how to customize each offered benefit to their particular needs, and offer suggestions on how to improve your benefits offerings (if you simply ask them for that kind of advice.)
3. Efficient Benefits Admin Software Programs
An outsource partner can handle all of your complex benefits related details through their powerful software programs. And, they can also help you select your own in-house software that can help with benefits administration, if that makes sense in your situation.
You can outsource only so much of your benefits admin as you feel comfortable with, and find the perfect balance.
4. Help In Promoting Your Benefits To Employees
The same companies that offer employee benefits admin services will typically offer other benefits related services as well. These include helping you build online resources, print attractive brochures, and otherwise promote your benefits to your employees.
Not only can admin be outsourced, but other benefits related services too. This will save your company time and allow managers and workers alike to focus on their jobs and boost their productivity.
5. Better, Easier Analysis Of Benefits Effectiveness
Another benefit of using professional benefits management outsourcing is that you can request quick access to reports and analysis of how your benefits are doing.
The detailed information stored on benefits admin systems can be turned around to act as metric and key performance indicators that will show you which benefits are benefiting you and your employees most, and which are not. That becomes the basis for future changes and enhancements to your benefits program.
To learn more about professional benefits administration services, or for a free initial consultation and a free quote, contact Summerlin Benefits Consulting today!