Creating corporate benefits packages isn’t an easy process, so we understand if it’s something that you dread each year before enrollment rolls around. With help from Ashton Benefits, we can make it much more manageable. Our process is created to eliminate the dread as you have to build a corporate benefits package for your employees. If you’d like to learn more about what it takes to create corporate benefit solutions in NJ, read our guide below, where we highlight the process from start to finish.
Before we start looking through benefits packages for your company, it’s important that we analyze the needs of your company and the people who work there. For starters, we’ll take a look at the number of people who work for you and the overall demographics.
Our team understands that a company with 50 employees isn’t going to have the exact needs of a massive corporation. Furthermore, a company that operates specifically in a single geographic region won’t have the same needs as one spread across two, three, or more states. We’ll take a look at what your company needs as a whole to begin searching for a plan to fit those needs.
Not all benefits packages will fit the needs of every employee within a company. However, we can do our best to identify ways to satisfy the vast majority of your staff. We’ll put together a strategy that will identify the qualities your company should be looking for in an insurance plan to meet the needs of as many of your employees as possible. We know that there are some who will feel that there isn’t an option for them, but if your company is large enough and you’re willing, we can help to assemble a secondary or even tertiary plan for those who might find better options there.
Identify ancillary benefits
Ancillary benefits are often the deal-breaker for many people when they’re looking for insurance coverage and what all is offered with an employee benefits package. We’ll work directly with you to identify ancillary benefits you’d like to provide for employees as an option to include with their plan. Adding ancillary benefits to your plan is specifically designed to make your company more competitive with others in your industry so that you can attract top-tier talent.
One of the benefits of providing ancillary benefits is that you don’t have to worry about pricing out employees who don’t want or need them. It’s not unusual for these benefits to be priced much lower than traditional insurance coverage premiums.
Plan maintenance and monitoring
Maintaining your plan is a crucial piece to keeping your employees satisfied. For example, you might have a plan that comes with a low deductible, but monthly premiums are prohibitive so employees aren’t satisfied. In contrast, you might have tried to find a plan that comes with affordable premiums. Still, your team isn’t covered for doctor visits beyond a yearly physical and are paying ridiculous amounts for pharmaceuticals. Look for feedback from those who work for you so you can keep a pulse on any potential changes they’d like to see the next time around.
Contact us to get started
Don’t put off getting started putting together your corporate benefit solutions in NJ. Our team at Ashton Benefits can help you identify the needs of your company and put together a benefits plan that meets the needs of many of your employees. Get in touch by calling 877-640-2813 or sending a message using our contact form. We look forward to hearing from you.