Do Your Benefits Fit Your Business’ Strategy?
Good advice about employee benefits goes beyond selecting coverages and finding an insurer. In fact, the most important advice you receive about your employee benefits may be why you offer benefits in the first place.
This is why your employee benefits plan design needs to align with your strategy. Getting this alignment right is the key to getting more value from your employee benefits.
Consider the following three common business scenarios – and how the right employee benefits plan can give your organization a strategic boost.
We’re Trying To Grow Our Organization
Parts of Canada are experiencing record low unemployment, and so organizations are fighting to attract and retain employees. Showing employees how their employee benefits plan gives their total compensation a boost with services like GroupHEALTH’s free Benestats leads to satisfied employees and increases your competitiveness in the job market.
We’re Trying to Control Our Expenses
Many organizations just accept year over year increases in the cost of their employee benefits plan, without asking why plan cost increases are inevitable. But a strategically strong employee benefits plan confronts costs head on through services like GroupHEALTH’s Smart Rx and DMI Assist, services which build financial sustainability right into the plan design.
We’re Trying To Reduce Our Tax Burden
No employee benefits plan design is complete without an evaluation of its tax implications. There are key configuration decisions that can ensure that your organization’s employee benefits plan is getting maximum tax value. GroupHEALTH’s expert Advisors specialize in finding these opportunities – and building them right into your plan design.
BOOST YOUR BENEFITS’ STRATEGIC VALUE!
At GroupHEALTH, we’re known for creating unique, configurable employee health benefits plans that break the traditional mold. Take 10 minutes to talk to an expert and see how looking beyond the cookie cutter can save you money, while providing your employees with a great plan.
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