Benefit outsourcing is a great way to secure buying power without having to join a dues-based organization. By simply hiring a human resource consultant to accomplish the responsibility you need handled, you gain benefit buying as an added bonus.
The core services that Premier HR offers for benefits administration include;
Healthcare Management
Healthcare is generally a very popular benefit offered by most employers. Many talented professionals even base their employment on this factor, so it is extremely important. Yes, Premier HR can assist in training, enrolling, documentation and record keeping for your healthcare needs. However, your biggest benefit in this area is our negotiating and buying power. Since we represent a group of employers who want to offer healthcare benefits, we are able to negotiate better premiums and better options than you would be able to on your own. This benefits you as well as your employees, they get good coverage and you get a good price.
401K Retirement Plan
Whether you opt to offer matching contributions or not, retirement plans are the next essential benefit to offer employees. They benefit by the pre-tax contribution element as well as a simple access method to plan for their future. Similar to healthcare, Premier HR becomes a great asset in the negotiating terms for your plan. We also assist in the training, enrolling, documentation and record keeping for the plan. You don't need to be distracted with 401K details, Premier HR is here to do it for you…and we're good at it!
Vacation/Sick Pay:
Some employers opt to offer PTO (paid-time-off) and some don't, other than federal holidays that fall on a work day. However, talent does rate this benefit pretty high on the scale. Premier HR can develop a PTO schedule that works best for your company and then also document and track it per employee as well. Like the others, this benefit crosses over with payroll administration since these items must be accounted for monetarily from the employee.
Other Insurance
Again, you don't have to elect to pay for these items for the employee, but offering them as a purchasable benefit often attracts better talent to your company and makes for a happy and healthier group. Premier HR can negotiate, organize and implement offers for additional insurance as part of a group buy so everybody benefits. Examples include;
- Long-term insurance
- Short-term insurance
- Life insurance
- Aflac (or other brand) Supplemental Insurance
Submit the contact form on the contact us page or call Carolyn Simmons at Premier Human Resources for a FREE consultation to see if your company would benefit from this operational model.
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