Benefits are one of your largest business expenses, second only to salary. But a rewarding benefits package can also be an effective way to attract and retain top talent. It’s easy to get overwhelmed when researching and comparing employee benefits providers. Here are three minimum requirements we recommend you look for in a great benefits partner:
- Compliance is key. Employment laws, especially those surrounding health insurance and 401(k)s, are forever in flux, and the last thing you want is to be flagged for noncompliance. Choose a provider that has a proven, long-term track record of working with satisfied clients. This means they have been responsible for keeping businesses compliant over time, and they proactively notify their clients about impactful changes. Ask a potential provide who in their company is responsible for tracking your compliance and how they will be communicating with you.
- True Client Services. Excellent human customer support is vital. You don’t want to have to deal with remote, uninformed and uncaring, 1-800 representatives for your medical insurance needs and neither do your employees. You want a knowledgeable and respectful human answering employee questions and informing them of benefits election decisions. Make sure your benefits partner helps you and your employees properly process insurance claims and can deal with insurance carriers. This way you and your employees can focus on your work and optimize productivity.
- Customized Offerings: With legislative and economic uncertainty that can alter the benefits landscape, employers can take advantage of custom and cost-effective employee benefits solutions. Look for a partner to work with you to minimize your costs and still develop custom benefits plans that drive engagement, help participants manage health risks, chronic conditions and reduce absences. Look for the freedom to pick which options you want to include in your packages vs. being forced to take pre-loaded, fixed packages.
At PT Business Solutions, we check all of these boxes and more. We have the know-how and technology to make the process simple, secure and reliable. Our integrated platform means employee data only has to be entered once. The system seamlessly syncs your benefits and payroll so that deductions are accurate and benefits are delivered. Plus, our commitment to service means you’ll never wait on hold with a provider again. Connect with us today at (626) 795-4138 or here for a free consultation.