Strategies and Solutions for an Evolving Workforce
San Diego is a key stronghold of California’s commercial centers. It brings a healthy mix of business opportunities to the Golden State in the form of tourism, real estate, life sciences, international trade and even the military. In 2020, California’s AB5 law took effect, which transitioned many contract workers into full time employees. As a result, employee benefits consulting in San Diego now plays an even more important role in businesses of all sizes.
Set and exceed your goals for employee benefits
When it comes to finding your company’s approach to employee benefits, your organizational culture and employee demographics take precedence. A big part of our services related to employee benefits consulting in San Diego is working with our clients to cover these three important bases:
- Customization: Employees bring their own unique needs and preferences to the table. Consider demographic data and their preferences when making decisions.
- Communication: We believe in the power of effective communication to make employees aware of their benefits. Communication also plays a key role in a smooth onboarding process.
- Cost Management: We find financial leeches in your business and improve cash flow. Our team can then develop a benefits plan that yields sustainable returns on your investment.
Consider the products and services your organization needs
When it comes to employee benefits consulting in San Diego, we know that compliance is one of the main concerns California employers worry about. Our team brings years of experience to the table to help you navigate even the most complex issues. During our years of benefits consulting, we have seen the greatest success with these products and services:
- Health care cost management: One of the biggest concerns that arise when we offer our services for employee benefits consulting in San Diego is the rising cost of health insurance premiums. Our brokers help you project the premium increases and chart a plan to mitigate this.
- Pharmacy benefits management: Medication makes up roughly 20% of medical costs. Our specialists find ways to save your employees and your business money by looking for plans that keep pace with the rising costs of medication. Seniors and employees with chronic illnesses will appreciate this.
- Alternative benefits: A unique way to attract workers and keep them happy is to offer non-traditional benefits that might make a world of difference in your employees’ lives. We find that roughly 77% of employees want these. Common options include lifestyle benefits, onsite counseling, pet insurance and telehealth.
- Executive benefits: Without good leadership, even the most talented employees on the floor might fail to reach full potential. Executive benefits make it easier to attract experienced managers. The benefits are especially appealing in finance and business sectors where managers face greater financial risks.
- HR technology and benefits administration: We provide platforms and other resources that help to simplify the process, thereby saving you time and money. Ease of access also increases how many employees enroll in your benefits packages, which can reduce per-person costs over time.
When you work with HUB on employee benefits consulting in San Diego, we do more than help you with the initial planning process. Count on our team to assist your in-house human resources professionals with communication strategies that allow you to disseminate information and receive healthy feedback.