What is the hallmark of a good employee benefits plan?
First and foremost, you want to select an insurance advisor who is recognized by the insurance marketplace and who will invest the time to understand your business. The advisor who listens to your company’s goals and who can translate these goals to a responsive marketplace will provide your company with the most competitive employee benefits program. Could you explain some of the important value-added components that should be part of the employee benefits program? • Benchmarking data and trends. Statistical data can help you establish benchmarks based on similar companies and what they are doing in terms of company benefits. This will help in comparing your benefits program and financial objectives to similar companies — the same companies competing for your labor force and consumers. • Wellness initiatives. Understanding the impacts of lifestyle behaviors, having access to health-related information and participating in programs such as smoking cessation, exercise or preventive scre
