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Process
Integrated & Customized Strategic Planning
The first step in developing a comprehensive strategic plan begins with a benefit audit and analysis. Studying current and historical data allows us to strategize with you to develop a plan, act on that plan, and review results on an ongoing basis. This continual process is broken down into specific steps within any given month, quarter or year. Our Process - First, we request information from the client and their various vendors/insurers.
- We then prepare a report that summarizes our findings and analysis, including recommendations based on what we’ve learned.
- Finally, we develop a comprehensive plan that includes specific timelines and deliverables. This gives us a framework from which we can annually update your plan.
What You Can Expect: Benefit Audit and Analysis - Review benefit goals and objectives
- Review history of benefits, plan changes and costs
- Review current benefit philosophy
- Review staffing growth plans and recruiting and
retention concerns - Review areas where the current plans may not meet
client needs - Review competitors benefits and compile benchmarking and survey data
- Conduct an employee interest survey, if needed
Decision-Making Assistance - Initiatives and changes to consider
- Benefit offerings and structure
- Insurer and vendor changes
- Employee communication
- Administrative/HR capabilities and assistance
- Cost containment strategies
- Technology initiatives
- Compliance considerations
- Health plan design (Defined Contribution, CDHP, etc.)
- Financial/time commitment
Annually - Review current plan and discuss performance
- Update and educate client on marketplace developments
- Provide benefit benchmarking and normative data reports
- Provide national and regional survey information, as needed
- Establish strategic client goals and implement programs to achieve those objectives
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