What's the return on your investment for your employee benefits program? CLS Partners takes the mystery out of the cost of benefits by using data to demonstrate the ROI with real, measurable results.
Expectations are higher.
Providing robust employee benefits has long been at the heart of every forward-thinking company — excellent benefits help you attract and retain valuable employees, boost morale and increase productivity by fostering healthier lifestyles. Yet despite these compelling advantages, employee benefits are under intense scrutiny.
THE COST CONTROL IMPERATIVE
In your HR office, in the boardroom and around the water cooler, your company's employee benefits package is a hot topic. Senior management is looking for every opportunity to control costs, and the pressure is on you to figure out how. At the same time, you need to support employees' health and productivity by providing the most comprehensive benefits package budget will allow.
Controlling costs is a complicated tug of war and there are few desirable options. You could pass cost increases along to employees. You may choose to absorb the additional expense, which is a direct hit on the bottom line. Or you could chop plan features. But these aren't long-term solutions; they're short-term, short-sighted reactions. The better answer is an innovative, comprehensive approach that goes beyond cost control and toward improving the health and productivity of your employees.