Employee Benefits Optimization

In today's competitive and ever-changing labor market, organizations face the daunting task of managing rising costs while also attracting and retaining top talent.

This complexity can be overwhelming, which is why it is crucial for you to have complete confidence in your total rewards and employee benefits to achieve your goals.

How do I help you?  Our optimization report is specifically designed to give you the certainty you need to navigate these challenges successfully for your health, wealth and career strategies for your people.

You can learn more below, here's to your success!

Brian Pinto

 

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Principles of Employee Benefits Optimization

Gaining a deep understanding of your employees' needs is absolutely crucial when it comes to crafting and implementing a comprehensive rewards strategy.

A key component of achieving success lies in gathering and analyzing data on the specific benefits that your employees are actively utilizing.

 

Your optimization report will guide you in optimizing benefits effectively to mitigate potential risks to your workforce, enhance their well-being and engagement, and contribute to your company's ability to attract and retain top talent.

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What do you get from a Benefits Optimization Analysis?

Harness the power of data-driven insights to guide your strategy.

Employee benefits optimization requires quickly generating analytics on how benefits are being utilized as well as by whom and when. These insights can then be used to inform and drive strategy.
Demonstrate the value of employee benefits to secure your budget
Use your data insights to benchmark your employee engagement against peer organizations and determine competitiveness. Also, measure the ROI on existing and new benefits to justify your budget to the board.
Leverage technology to create a truly personalized employee experience by centralizing benefits and harnessing the power of data insights.
These insights can also be used to personalize the employee experience, tailoring communications to optimize engagement and loyalty.

 

From people to programs, organizations are challenged with the complexity of trying to balance rising costs with attracting and retaining talent in a tight labor market.

In order to maximize the benefits of your programs, it is crucial to have a comprehensive understanding of your workforce and the factors that drive costs.

Your data serves as a foundation, but we take it a step further by utilizing our exclusive tools and benchmarking data to uncover valuable insights.

This enables us to identify tailored strategies and solutions that align perfectly with your organization and its people.

Our approach focused on YOU: Working Together to Optimize Your Benefits and the Employee Experience

 infographic-2023-us-tailored-outcome-based-strategy
 

Our Benefits Optimization analysis offers insights on strategic direction, that may deliver cost-savings for both the employer and employee. 

Here are a few examples of how we’ve helped others:

Stats

A Benefits Administration industry client with 700 eligible employees nationwide identified an estimated savings of $529,000 in the first year.

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Stats 2

A Boutique Hospitality industry client with 500 employees, stabilized their balance sheet their balance sheet which resulted in immediately identified savings of 15%.

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Brian Pinto, Principal Mercer Health & Benefits Consulting.  New Jersey