In part one of this two-part blog series, we went over some initial tactics and themes to be looking at when it comes to setting up an employee insurance coverage plan. This is something many businesses are doing in the early parts of the calendar year, and approaching it correctly will help you save time, money and hassle all at once.
At Nielsen Benefits Group, we’re here to offer numerous employee benefit services to employers around Utah, including benefits assessments and a full range of solutions within our value-based benefits approach. Today’s part two of our series will look into some additional areas you should be thinking about when planning a benefits approach, whether for a given year or for a long-term timeline.
Evaluate Current Programs
Much of our part one went over themes involving looking back at your past processes to determine what might have or hasn’t worked. This is an important step to take, but it’s also important to look at the current program you have in place and assess its performance.
A good example of this is if you’re in the middle of a multi-year plan. If your current plan isn’t providing the results that were expected, it’s time to reevaluate. Talk with your team and consider if modifications need to be made or if you should move on and explore other options that might provide better results in the long run.
Pay Attention To Your Employees
Your employees are going to be the ones most affected by any changes you make. Make sure your team is involved throughout the process and that everyone is listening to their input. Although you may have ideas on what might be best, your employees are the ones who will be utilizing these plans so it’s important to take their opinions into account when making a decision.
Even if you don’t implement any of the suggestions your team brings to the table, ask them for their input. Doing this will help them feel valued and appreciated, plus they might just bring up some valuable ideas that you hadn’t considered previously.
Plan for the Future
While no one can be precisely sure what the future will hold in terms of employee benefits, there are steps you can take to ensure your company is prepared. This means understanding the current trends in the industry and anticipating potential changes that could arise in the future.
At Nielsen Benefits Group, our experienced team of experts can help create a forward-thinking plan that takes into account both present and future needs. We’ll work with you to create a comprehensive plan that will provide your team with the coverage they need now and into the future.
Contact us today to learn more about our employee benefits services. We look forward to helping you create a plan that will benefit both your team and your business.
