Strategic planning can help you manage costs while increasing efficiency and productivity in a complex business environment. You should intentionally plan for market trends and regulations that will affect you now and in the future. You need to be knowledgeable about current developments to be nimble enough to adapt to future changes. Being prepared is your best strategy.
Achieving your long-term goals and strengthening your bottom line won’t happen by implementing ill-conceived solutions. It takes a high-level view, big-picture thinking and a consultative leadership approach to devise and implement a comprehensive strategic plan. Our strategic planning process identifies your short- and long-term goals, reveals strengths and opportunities, weighs the potential impact of industry trends and regulatory compliance and aligns with your culture.
The results provide a mutual understanding of your company’s vision and an actionable roadmap that tells you how to reach it. We will be there to ensure that all of your tactics, and the people responsible for carrying them out, are working to fulfill your goals.
The annual renewal of your health benefits offering is an opportunity to assess your health plan to see what’s working and what needs improvement. In order to get the most out of your renewal negotiations, you will need to come prepared with a solid understanding of where you currently stand and the factors that influence how much you will pay in renewal premium. Conducting a benchmarking assessment and independent underwriting review can provide you with data and leverage at the negotiating table.
At USI, we are dedicated to helping employers stay on top of fast-changing legislative and regulatory developments and guidance related to health and welfare plans that could impact your business. Here we are sharing information on the recent IRS “cost of living” adjustments for 2021 that may affect your employee benefit plans.
No one understands better than the person who administers benefits about the difficulty of open enrollment season. It was hard enough ambushing employees in the workplace to remind them that they need to submit their packets. Let’s not even talk about the headache of creating multiple schedules so that employees can take physical breaks from work and listen to benefits presentations. Now, administrators must figure out the best way to get the packet to the eligible employees in the first place.