Employer Solutions
Transforming How Employers and Businesses Benefit
Competing in a global economy demands a high-performing workforce and strong bottom-line results. Recruiting and retaining top talent, driving down healthcare and administrative costs, and navigating healthcare reform are just a few of employers’ top concerns. In today’s ultra-competitive environment, companies that don’t take a broader view of human capital management will struggle to keep pace with top-performing companies that do.
Human Capital Management (HCM) is not a new and improved approach to Employee Benefits. It is a comprehensive strategy that enables employers to effectively and successfully align their human resources with the organization’s growth objectives. It encompasses the many business areas that impact or are impacted by employees – Employee Benefits, Human Resources, Compliance, Recruiting and Retention – and focuses on how to streamline business processes, improve outcomes and increase productivity.
| HCM Employer Solutions: |
| Healthcare Reform Modeling |
Forecasting the financial impacts of healthcare reform through 2018 with a data-driven approach that identifies and quantifies the costs and timing of changes. The modeling results serve to guide informed client decisions about future insurance programs and offerings, which consider real future costs, penalties and negative tax impacts (non-tax deductible costs) future plan design and contributions. |
| Alternative Funding |
Providing Alternative Insurance Funding Feasibility Studies to identify the benefits of alternative insurance methods for cost management and savings, such as captives, consolidated risk pools, self-insurance and others.
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| Health Risk Management |
Discovering what health risks exists currently within the workforce, identifying where claims are headed, and implementing an effective health management plan to develop a healthier and more productive workforce.
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| Employee Benefits Consulting |
Designing a health insurance plan that best meets near- and long-term needs, incorporating recommendations from healthcare reform modeling projections as well as strategies to improve health and productivity. Professional and experienced brokerage services to effectively market the group’s insurance, negotiate best rates with carriers and manage the renewal process. |
| Financial Reporting & Analysis |
Delivering financial reports and analyses that track and measure the performance of health management strategies, including Reserving Analysis.
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| Technology |
Easing employers’ administrative and compliance reporting burden with leading and integrated HR, Benefits & Payroll technologies and streamlining business processes around these functions. Available services include technology consulting and systems evaluation, systems discounts, implementation and training. |
| HR Consulting |
Providing services to support a full spectrum of needs from training and policy development to improving recruitment, retention and productivity with talent management, engagement and other strategic initiatives. |
| Compliance |
Verifying compliance with local, state and federal regulations by providing compliance guidance, audits and documentation and reporting services. Updating employers on new or changed rules and deadline for legislation such as healthcare reform.
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| Fiduciary Preparedness |
Helping Plan Sponsors prepare for new reporting requirements |
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