Looking To Reduce Operating Costs? Or Conversely, Build A Market-Leading Benefits Package?
Vincent M. Vieni
Empowering HR Professionals & CFOs By Helping Them Enhance Their Employees' Benefits While Substantially Reducing Costs.
Either Way, USI’s Benchmarking Performance Report Is Your Solution.
Continued economic uncertainty has many employers tightening their belts. Employee benefits are often the easiest and therefore, the first target, for the chopping block when looking to reduce operating costs. However, at a time when it’s harder to attract & retain talent, eliminating or drastically reducing benefits that employees consider a valuable part of their compensation, can seriously undermine morale and make recruiting an even bigger challenge.
Before modifying your benefits, why not take the time to examine your existing plans to determine:
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How Do Your Benefits Compare?
Understanding where your plans perform well and where you can make adjustments allows you to take a more strategic approach to your benefits offering — better aligning your benefits with your organization’s needs and expectations, often allowing you to save tens of thousands of dollars or more, with little or no change, to your plan’s value.?With the right design, you can even enhance employee’s perception of the plan while reducing overall costs. . .?But you MUST know where you stand amongst your peers before you can determine what constitutes the “right” design.
USI Insurance Services’ 2023 Benefits Benchmarking Study provides a detailed overview of benefit plan performance and actionable solutions designed to optimize plan design and spending. With many thousands of mid-sized clients and prospects participating in the annual Benefits Benchmarking Study, it’s your best tool for not only determining where you stand now, but to gain insights as to how you can best achieve optimization of your overall benefits package.
?USI’s Benefits Benchmarking Study, the largest of its kind, uses current plan year information to evaluate the effectiveness of your offering based on hundreds of data points, including plan design and contributions, employer industry and size, location (local, state, regional and national), employee demographics, and benefits usage. USI uses those data points to generate a custom Plan Performance Assessment and recommended solutions specific to your organization.?Our study is currently underway and will remain open until the end of this month.?
Interested in participating and receiving a comprehensive plan assessment at no cost or obligation?? Message me through LinkedIn Inmail or contact your local USI Representative.