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Service Overview: Employee Benefits
Optimum HR Systems Employee Benefits
Due to the increasing shortage of skilled workforce on the today’s labor market, recruiting and retaining talent is not only an issue of company’s success – it is matter of survival. For most US corporations the ability to hire and keep the best employees is crucial for gaining or losing their competitive edge. Research shows that “retaining employees” is the primary objective of employers.
Developing an employee benefit program valued by employees is a challenge faced by businesses large and small. Changing regulations, mandated benefits, HRA's, HSA's flexible benefit plans, provider networks and voluntary benefits are just some of the areas of increasing concern to both employers and employees.Our services aim to increase your competitiveness in the talent marketplace on budget and on target
Optimum Human Resource Systems can help your HR department to develop, implement and monitor the performance of a great Employee Benefits Program. Our services include the following actions, needed to insure your competitiveness for talent on budget and a set of Employee Benefits appealing to your workforce:
Design of health, dental, life, short and long-term disability, long-term care, vision plans, etc.
Review of claims activity to monitor utilization and effectiveness of plan designs
Development of financial parameters
Creation of Requests for Proposals (RFP) to assess benefit markets
Review of plans and procedures for compliance with applicable regulations
Assistance in development of retirement plans, both qualified and non qualified
Consultation on current trends in employee benefits and their applicability in specific businesses
Creation of models for Section 125 Plans (Flexible Benefit or Cafeteria plans)
Selection of vendors to provide various benefit products and services
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