Benefits packages may be necessary to attract the best and brightest to your workplace, but they’re an expensive investment for any business. The plans themselves can be a significant expenditure, which is then compounded by the costs of oversight and administration. On top of that, there are numerous legal requirements which must be met, and failure to do so could mean extremely costly penalties.
This is exactly why employee benefit services can also bring big benefits to your business. With Arrow Benefits Group on your side helping you find the best policies for your needs, implementing those policies, and overseeing the details, you can ultimately save time and money.
Four Clear Gains from Contacting Employee Benefit Services
1 — Receive a custom-built benefits package
Benefit brokers have a distinct advantage when it comes to creating benefits packages because they can usually pick and choose features from across the entire benefits industry. Rather than having to accept one-size-fits-all benefits packages from single companies, you can have one tailored to your exact needs.
2 — No longer worrying about compliance issues
The legal tangles surrounding insurance, HR, employee data, and related topics are already extremely complicated, and only becoming more so over time. Keeping up with regulations has become a full-time job. A quality employee benefits administration service will be keeping up with such matters as part of their own jobs, so you gain from their expertise without having to do the legwork.
3 — Efficient handling of employee needs
HR departments have enough on their plate already without having to deal with the details of claims reporting, handling employee complaints, and other matters that – realistically — are closer in nature to “customer service.” With off-site employee benefits administration, your workforce will have a single point of contact dedicated to handling their issues. They receive more efficient claims processing, and your HR team can focus on more immediate concerns.
4 — Attract a better caliber of worker
Most workers today are more concerned with the quality of their benefits than their base pay. Being able to advertise top-quality benefits and benefits processing can be a major draw in hiring. If your benefits package stands out, so too will the quality of your hiring applicants.
Arrow Benefits Group Simplifies Your Benefits
As one of North America’s leading employee benefit services, we can streamline every aspect of your benefits and processing. Contact us to learn more.