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THE WORLD OF
BENEFITS
The
World of Benefits is growing more complex every day due to spiraling
costs, heightened scrutiny of fiduciary standards, stricter
compliance requirements, increasing demographic diversity, and the
challenges associated with the shift to a more participant directed
environment. Around all of this has grown a trillion dollar benefits
industry funded by nearly 40% of your payroll dollars. To survive,
companies are following the trend toward the use of
a defined contribution approach to benefits planning and outsourcing
of investment management decisions. This requires a strong
communications approach in order to minimize fiduciary liability and
ensure that the interest of plan participants and their
beneficiaries are protected.
Compounding
the problem for you, as an employer competing in today's
global marketplace, is the pressure to create a benefits package that
balances cost with your human resource objectives.
Ideally, you want a benefits package capable of:
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Attracting
and retaining valuable skilled employees
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Providing
incentives that foster high employee productivity and morale
-
Tailoring
benefits to meet the needs of an increasingly diverse work force
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Guaranteeing
seamless plan implementation
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Personalizing employee education
and enrollment
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Enhancing
your ability to effectively respond to regulatory
changes/requirements
In order to
achieve your human resource goals and ensure your firm's continuing
profitability, you need to solve the confusing puzzle of options
available in today's world of benefits and choose the most
cost-effective solution for your company and its employees.
The
seven C's of a effective benefits planning
Women/Minority Business Certifications and Affiliations:
City of Philadelphia
Commonwealth of Pennsylvania
The Greater Philadelphia Hispanic Chamber of Commerce
Minority Supplier Development of PA-NJ-DE
State of Delaware
State of Maryland
SEPTA
Women's Business Enterprise National Council (WBENC)
8a/SDB |
