More and more busi­ness­es, of all sizes, are dis­cov­er­ing the val­ue of ben­e­fit con­sult­ing firms.  The right ben­e­fits part­ner can be an invest­ment which almost imme­di­ate­ly pays for itself with bet­ter ben­e­fits pack­ages, stream­lined admin­is­tra­tion, and far few­er cost­ly mis­takes or legal com­pli­ance problems.

The issue is find­ing the right employ­ee ben­e­fits admin­is­tra­tion ser­vice to meet your needs.  With so many ben­e­fit con­sult­ing firms out there, each tar­get­ing dif­fer­ent sec­tors, it’s vital to find one which aligns with your own goals.

These are some of the fac­tors our team at Arrow Ben­e­fits Group think you should look into when eval­u­at­ing them.

Five Aspects to Find­ing the Right Ben­e­fits Con­sult­ing Firms for Your Needs

1 — Expe­ri­ence and track record

Ben­e­fits con­sult­ing is not a field eas­i­ly entered into, and many would-be con­sul­tants fold quick­ly.  Those who sur­vive will have a long track record of suc­cess and expe­ri­ence work­ing with a wide vari­ety of busi­ness­es.  Ask for case stud­ies or tes­ti­mo­ni­als, so you can eval­u­ate them for yourself.

2 — Over­all size

When it comes to insur­ance and relat­ed fields, big­ger usu­al­ly is bet­ter.  Big­ger means bet­ter access to a wider vari­ety of plans and ser­vices, and more oppor­tu­ni­ties to lever­age economies of scale.  Sta­bil­i­ty is par­tic­u­lar­ly impor­tant if you’re look­ing at out­sourc­ing key admin­is­tra­tive process­es.  You need a part­ner you know will be by your side for years to come.

3 — Personalization 

Employ­ee ben­e­fits are nev­er a one-size-fits-all propo­si­tion.  The best ben­e­fit con­sult­ing firms will work with you care­ful­ly to under­stand your work­force, their needs, and your over­all long-term goals to cre­ate ful­ly per­son­al­ized plans that meet all your needs.

4 — Are they nation­al or global?

If your com­pa­ny oper­ates offices over­seas, find­ing a part­ner who can han­dle your ben­e­fits pack­ages in any com­pa­ny is a must.  There are few who can do this effec­tive­ly!  If you have glob­al ambi­tions, pick a ben­e­fits con­sul­tant with the glob­al exper­tise to match.

5 — Employ­ee outreach

Are they capa­ble of work­ing with your employ­ees, cre­at­ing train­ing mate­ri­als, con­duct­ing sem­i­nars, and oth­er­wise help­ing in edu­ca­tion?  These are ser­vices you want since well-edu­cat­ed employ­ees are a cru­cial com­po­nent of a well-opti­mized ben­e­fits admin­is­tra­tion system.

Choose Arrow Ben­e­fits Group to Stream­line Your Benefits

As one of the world’s lead­ers in ben­e­fits admin­is­tra­tion, we have the reach and the exper­tise to cut costs and improve qual­i­ty in your employ­ee ben­e­fits admin­is­tra­tion.  Con­tact us today for more details.