23 Apr What to Look for When Choosing Group Benefit Plans for Your Business
Choosing the right group benefits plan is one of the most critical decisions a business owner or HR professional can make. Not only do these plans help attract and retain talented employees, but they also demonstrate that your company values its workforce.
Group benefits plans go beyond basic healthcare coverage. They reflect your company’s culture, commitment, and competitiveness in today’s job market. Making the right choices can lead to happier employees and long-term business success.
Avoid Pitfalls: Common Mistakes When Selecting Group Benefits Plans
Many businesses make critical mistakes when evaluating group benefits plans, often because they rush through the process or rely on outdated information. Avoid these pitfalls to ensure your investment in employee benefits truly pays off.
Mistakes to avoid include:
- Choosing plans based only on price, not value
- Offering a “one-size-fits-all” benefits package
- Ignoring employee feedback or needs
- Failing to consider future business growth
- Overlooking compliance or regulatory requirements
By taking a thoughtful, informed approach, businesses can avoid costly errors and deliver real value to their employees.
Focus on Value: Benefits Employees Appreciate Most
When evaluating group benefits plans, knowing what today’s employees want is essential. Employees expect more than just medical coverage—they want a package supporting their well-being. We do this through our partnership with UBA Benefits.
Popular features that employees value include:
- Comprehensive medical, dental, and vision coverage
- Mental health and wellness programs
- Retirement savings plans with employer contributions
- Flexible work benefits like telehealth and remote access
- Easy-to-use online enrollment tools and resources
Providing benefits that support employees personally and professionally helps foster loyalty and improve workplace morale.
Choose Confidence: How Shepard Walton Employee Benefits Support Your Business
Creating the perfect group benefits plans requires a trusted partner who understands businesses’ challenges. Shepard Walton Employee Benefits offers personalized solutions designed to fit your company’s needs, regardless of size or industry.
Their comprehensive services include:
Employer Advocacy Services:
- Financial Stability Review to manage long-term costs
- Best Practices Consultation for strategic planning
- Plan Compliance Consultation to stay legally sound
- Quarterly Progress & Planning for continued success
Employee Advocacy Services:
- Resolution of Claim Issues to reduce employee stress
- Online Enrollment for simple, seamless access
- Healthcare Navigation for informed decisions
- Wellness programs to promote healthy lifestyles
With their tailored approach, businesses can build a competitive benefits package that keeps employees happy while controlling costs.
Let Shepard Walton Employee Benefits Guide You
When it comes to group benefits plans, there’s no need to navigate the process alone. Working with Shepard Walton Employee Benefits gives your business access to expert guidance, valuable resources, and customized solutions that truly make a difference.
Reach out today to learn how their team can help your business create a benefits plan that meets your goals and supports your employees every step of the way.