Hiring, retaining and engaging employees is top-of-mind and constantly in the news. Fueled by the pandemic and societal change, managing employees and providing benefits has become more stressful than ever.
This time of year, businesses are looking to formulate their employee benefits strategy. However, over the last year and a half, most employees found their priorities and needs have changed. So how can you respond in a way that will fulfill the individual needs of your employees?
More and more businesses are discovering that they need an expert partner to help them navigate employee benefits while still keeping costs down. PT Business Solutions delivers fully integrated solutions and customized employee health benefits. Our clients enjoy the following advantages of working with us.
1. Expertise
You and your employees will value working with specialists who understand the intricacies of existing products, new products and industry changes. The COVID-19 crisis and the Affordable Care Act have multiplied the complexities of employee benefits.
By educating your employees on the full value of your benefits program, outside benefits experts like PT Business Solutions enhance your employee experience via knowledgeable insights and recommendations.
2. Efficiency
PT Business Solutions streamlines the enrollment process with web-based tools, simplified administration and serves as the point of contact for all employee inquiries. During open enrollment, we analyze the most cost-effective options for sign-up or renewal. Enrollment updates or changes can happen quickly using customized technology platforms.
3. Cost-effective
Businesses have been dramatically impacted by rising healthcare costs. We have nurtured long-term relationships with insurance carriers which helps when negotiating renewals or exploring comparable plans that are affordable.
4. Better benefits
As your partner, we have access to a broader range of products from top-rated providers, including health insurance (medical, dental, vision), voluntary benefits, flexible spending accounts (FSAs), retirement savings (401(k) plans), disability insurance (ST, LT) and more. Our solutions allow employees to select which coverage best supports their needs.
5. Liability protection
Experienced benefits administration requires us to stay current on the impact of local, state, and federal regulation changes to ensure your compliance. You have one less liability to worry about when internal HR team members are no longer aware of the sensitive health and financial information.
6. Evolving needs
Our view across the benefits landscape enables us to foresee and prepare for changes that may impact your business. How do you need to handle out-of-state employees? Do you need structured tiered benefit plans now? What political or administrative laws are changing and impacting your ability to comply with the latest regulations?
7. Trust factor
Deciding on benefits can be very personal, and employees want to consult with someone who has their best interests in mind. Unlike other hands-off providers that can generate distrust, PT Business Solutions is hands-on and available to answer any employee question regarding benefits selection and as they use their benefits.
We are here to serve both you and your employees. In fact, many clients tell us they feel more comfortable discussing their confidential benefits issues with us vs. their HR manager. We take pride in being in this unique space and being able to help your business and your people.
Contact us here for more information.
