Many times, when I am asked to review a benefit plan is because the plan isn’t working. This typically is because: · Costs seem to outweigh benefit · The plan isn’t performing as expected Not unexpected, as these plans are analyzed a lot is revealed. · ...
Business owners know, just showing up doesn’t create the traction necessary to move companies to the next level. All systems have to be aligned, people positioned in the correct roles and the team focused, clearly understanding the processes to achieve the goals. For...
IF…a company is only as successful as its people… THEN…aligning benefits to: 1. Productivity 2. Safety 3. Compensation Becomes a no brainer to: 1. Reduce turnover, attract and retain top talent 2. Improve company culture 3. Increase performance...
Here are the headlines: · 70% —to— 90% of transitioned businesses FAIL within 3 years due to lack of “People” plan. · The key to people retention is a solid communication strategy, combined with a well-structured benefit plan. · This then creates the...
An all too common scenario. A going concern business has an interested buyer. The enterprise is valued and a deal is struck. While a significant portion (70%) of the value of the operation, the employees are never consulted or informed during the process. The new...
Seldom are you ever locked into one benefit approach or plan design. In fact, you can change up your benefit plan design at any point in the year. You need not wait for the renewal. Plan design is like fuel efficiency in a vehicle or home. How your benefits are...
