Benefits Managers

It is fascinating just how much the world changes.  Day in and day out things change.  We may not see them as big or very relevant at that point. But they find a way into your life.  Looking back a little more than 7 years and our phones were just getting apps we could check email on wifi.  Now just see what you can do with your phones now.

Learn New Or Keep Old

As small business owners there is constant struggle for maintaining your benefits.  Do you keep your old ones because of the fear of having to start over?  Do you learn about new ones to keep up to date with the latest and greatest?  These seem to be very different ideas from each other.

Learning new things can be difficult, time consuming, and even distracting for you.  But it means that you are all the more involved in what is going on in your business.  Believe me the employees will notice when you are involved.

Keeping the old benefits will take much less time off your hands.  It will be more familiar for your employees as the open enrollment period comes about.

A Possible Alternative

For you there is an opportunity for an alternative solution.  This would be to meet in the middle.  This alternative would allow you to stay on top new and exciting opportunities/improvements to your benefits.  It would also allow you to see opportunities for developing what is familiar to you and your employees.  Many times carriers will update their policies and programs that go with the policies.  Unless asked about then the new improvements and additions will not be added or even talked about much of the time.

How To Get To Middle Ground

At this point you may be asking well how do I get to this middle ground.  How do you stay on top of the new yet keep ahold of the old. The simplest solution is to get a benefits manager.

What do you need to know about benefits managers?

First, is that a good benefits manager should be willing and able to do all the work for you.  You should not need to hire a new human resources person in order to add a benefit to your employees.  They should meet with the employees and help them understand all of their options.  As part of this the benefits manager should be a fiduciary to the employer and employee.

Second,  they should have a plan to keep you in the loop about your benefits.  You as an employer should expect at least three touches through out the year outside of daily account activity.  What to talk about with your benefits advisor is a whole nother topic that you will be able to learn about.

Third, they should always be willing to research and learn about something that you have heard about or have seen in your travels and business building.  Whether you hear it at a conference or in an email it is always good to open start a conversation with them.

Last, benefits advisors at this time should not ask for any additional compensation.  The advisors work directly with the carriers and businesses involved with your benefits.  This means they will be paid by other means opposed to your business.  As a side note a great majority have your best interests in mind.

Finding the middle ground can be difficult but find yourself an amazing benefit manager and you will not regret your decision.