As businesses grow so does the complexity and importance of employee benefits. From health insurance to 401Ks, the benefits package you put together for your employees directly impacts your company. Not only can it affect your budget and bottom line, but it can also affect your ability to attract and retain quality talent. As might be expected, sorting out benefits and finding the package that is most suitable for your company can be overwhelming. With the help of professional employee benefits consultants, however, you can drastically reduce this burden and rest easy knowing that industry professionals have made your business a top priority.
As a full-service insurance brokerage, offering enrollment services for both core and voluntary benefits, we at Sensible Benefits would like to share with you some information regarding employee benefits and benefits consultants. Learn more about us, our service, and contact us today to schedule your free consultation.
What Is a Benefits Consultant?
A benefits consultant is an experienced professional who works with businesses to offer guidance and advice on insurance, benefits, and other employee-related products. Whether the benefits consultants strive to be full-service providers or focus solely on one particular benefit—like health insurance—all good consultants will provide advice and guidance related to selecting, purchasing, enrolling, and administering benefits.
Advantages of Hiring a Benefits Consultant
As many business owners have realized, hiring an insurance broker or benefits consultant is a cost-effective way of bridging the experience and expertise gap. Professional brokers are well versed in the insurance industry. Day in and day out, they work with insurance entities, which affords them a knowledge base that most business owners lack.
Additionally, unlike insurance agents, employee benefits consultants are not beholden to insurance companies, meaning they are not partial to one company over another. Good insurance brokers are only partial to you and your business. Although there are many benefits of working with benefits consultants, the following are perhaps the two most valued advantages:
- Optimize cost-effectiveness—a professional consultant can spot the difference between a truly good plan and a superficially good plan. This expertise, in combination with the time you will save by not having to sort out a benefits plan, ensures that you avoid costly pitfalls and get the most bang for your buck.
- Retain and attract quality employees—using their vast knowledge of insurance and benefits, consultants can help build the most attractive benefits package possible, thereby increasing your ability to draw in quality candidates and reward existing ones.
How to Choose the Right Consultant
Similar to when looking for any service, when searching for an insurance broker or consultant, you will want to look for the one who offers the perfect balance of knowledge, experience, reputation, responsiveness, and cost. To help identify the most suitable, consider the following:
- Quality of services
- Scope of services
- Relationship with insurance providers
- Knowledge of your business
- Ability to meet your individual needs
- Cost of services
- Assistance with implementation and administration
- Overall rapport
Schedule Your Free Consultation With Sensible Benefits
Employees are perhaps the most important part of your business. Without quality employees, you cannot expect your business to succeed, let alone grow. To signal how much you respect and appreciate your employees, provide them with the best benefits package possible. As experienced providers of employee benefits plans, we are poised to help your company. Regardless of the size of your business or the industry you serve, we leverage our expertise, experience, and individual approach to be advocates on your behalf. Contact us today to learn more about how you and your business can benefit from partnering with Sensible Benefits.