The Impact of Open Enrollment 2020 on Georgia Companies in Metro Atlanta. Why You Should Use an HR Consulting Firm Now.
Open Enrollment season is just around the corner for Georgia and Metro Atlanta businesses of all sizes. The time to start exploring benefit plans that fit your employee’s needs is now. Nowadays companies are offering their workers more robust benefit options such as health, dental, vision life, and even pet insurance. These comprehensive benefits packages are tailored to their employee’s needs to keep the current workforce happy, as well as to attract and retain new talent.
HR Companies Selecting Medical Benefits
Renewing, changing or selecting new medical benefits for your organization can be time consuming and confusing, which is why it’s best to rely on HR experts to help navigate through the copious benefits plans that are out there. And before you even elect which benefits to offer your employees, it’s important to understand which benefits employees currently use the most and which are underutilized to determine the benefit qualities that are essential. Seasoned HR professionals take this knowledge and measure what benefits are in the competitive marketplace to then strategically offer employees a few benefit plan options that best suit their employees.
Start thinking about if your organization will offer your workforce the following benefits solutions:
- Personal medical health benefits
- Dental care benefits
- Vision benefits
- Employee 401(K) retirement plans
- Life insurance policies
- Disability, short or long term
- Flexible Spending Accounts (FSA)
- Health Savings Accounts (HSA)
- Pet insurance options
Small to Mid-sized Businesses Open Enrollment
For most companies open enrollment period takes place during November, thus HR authorities must communicate benefit package choices to their workforce in the coming months so when this timeframe begins, employees are ready to make their selections and the process is seamless. According to Human Resources Today, employee benefits account for more than 30 percent of total employee compensation”. It’s unquestionably worth working with a HR company to develop a better benefits process and improve engagement strategies to make sure your organization offers the most important benefits to employees in 2020.
Flex HR has a dedicated team of benefit experts that serve your workforce from the day they are onboarded. We help systematize your company’s benefits to increase efficiency of keeping all records and reconciliations up-to-date, and protecting critical employee files. This support also keeps your organization in compliance with employment laws; therefore you can rest assured all archives are in order should an audit ever occur. Staff love that their benefits information is at the touch of their fingertips through the securely customized employee interactive portal we provide companies. In many cases, we reduce costs and increase benefit level by using our in-depth experience. When appropriate and cost effective, we implement self-service applications to better service employees and their families, which could save your business thousands.
To Learn More about our HR Open enrollment 2020 in Georgia contact us.