Dur­ing a merg­er with anoth­er firm, your Marin Coun­ty com­pa­ny must be able to main­tain con­trol over its employ­ee ben­e­fit ser­vices in order to main­tain an effec­tive ben­e­fits pack­age for your employ­ees. Many grow­ing firms strug­gle with­in this process dur­ing their merg­ers. So, with­in this lat­est post, we’ll explore the process and explain how to effec­tive­ly mit­i­gate problems.

  • Don’t change every­thing immediately

There may be an urge to change the entire approach to the ben­e­fits offered imme­di­ate­ly after the merg­er. But this can cause long-stand­ing issues. Employ­ees will already be ner­vous. Try to not change too much about the exist­ing sys­tem as you con­sid­er the Marin Coun­ty employ­ee ben­e­fit ser­vices options. Speak with your team mem­bers and find out about their con­cerns.

  • Com­mu­ni­cate with new employ­ees about the broker

Make sure that any new employ­ees join­ing your firm are informed about your employ­ee ben­e­fits bro­ker and the options pro­vid­ed. Ask that they open a new account for their insur­ance with your cur­rent bro­ker as soon as pos­si­ble. This can help to stream­line the adap­ta­tion. How­ev­er, any already sched­uled vaca­tion time and ben­e­fits pay­ments should be matched as close­ly as pos­si­ble to ensure your new employ­ees are welcomed.

  • Present mul­ti­ple cov­er­age options

Work with your bro­ker to deter­mine the best options to offer your employ­ees after the merg­er. This process should take place over sev­er­al months and should take into con­sid­er­a­tion your cur­rent bud­get as well as the size of your cur­rent work­force. Make sure that employ­ees are updat­ed through­out this process and ask that your employ­ee ben­e­fits ser­vices provider in Marin Coun­ty is avail­able to answer ques­tions and guide employ­ees in mak­ing their choices.

  • Sched­ule meet­ings with all staff members

Once the tran­si­tion is com­plet­ed and the new staff mem­bers are set­tled in, sched­ule meet­ings with the staff on an indi­vid­ual basis to find out what’s most impor­tant to them from their employ­ee ben­e­fits. Once you have this infor­ma­tion you can work with your bro­ker to hone your pack­ages and ensure tal­ent is retained.

Arrow Benefits Can Help

Our expe­ri­enced team at Arrow Ben­e­fits Group is here to guide you in choos­ing ben­e­fits for your team. To learn more about our firm, call us today.