In today's increasingly complex higher education environment, human capital support activities can be overwhelming to keep up with for institutions of every size. BCG works with institutions of all seizes to seek out solutions to a myriad of problems.
Planning Comes First Employee benefits remain one of the most significant factors in attracting and retaining the best employees. This has never been more true that in today's fast-changing higher education environment. Rising costs, an increasingly diverse workforce, a growing competitiveness between institutions—combine to create a demand for a more sophisticated approach to building a benefits program.
Benefit Consulting Group (BCG) has always focused on providing a consultative vs. selling approach benefit planning. We begin by fully understanding your vision for human capital utilization. We also undertake a thorough review of your current and past benefit program. With this knowledge in hand, only then do we recommend a benefits strategy that will meet your institution's goals and objectives.
Functional elements of our unique and comprehensive employee benefits strategy process include:
Comprehensive Program Analysis
Compliance Review and Ongoing Compliance Strategy
Benefit Trending Analysis
Competitor and Benchmark Analysis
Employee Demographic and Usage Assessment
Comparative Market Analysis
Employee Benefits Needs Assessment
Executive Summary of Benefits Options and Cost
Forward-Looking Ongoing Review to Prevent Obsolescence
Development of a Multi-Year Strategy
Benefit Cost Modeling at the Employee and Company Levels
Benefit Program Funding Strategies
Health Plan Forecasting
Initial and Ongoing Employee Communication Strategies
Initial and Ongoing Management Communication and Reporting Strategies
Benefit Cost is Always a Consideration—Our Focus is To Return More For Your Investment The significant difference between BCG and others is our superior level of service. While it is easy to talk about service, consistently delivering outstanding personalized service, attention to detail and access to services and expertise that go far beyond the scope of employee benefits design and implementation is the hallmark of BCG's success.
Here are just a few of the ways BCG is different and offers you greater value for your employee benefits program investment:
Flexibility: BCG builds a high degree of flexibility into every employee benefits plan to allow for directional changes as priorities change.
Choice: Our in-depth analysis, independence, and strategic planning allow us to design a benefits program that will meet the needs of a dynamic workforce and diverse employee demographic.
Independence: BCG works exclusively on your behalf—not on the behalf of insurance companies or other vendors. We are free to seek out the very best carriers that will deliver the highest value to you.
Education and Communication: BCG provides a high level of communication and contact with employees to help them understand their benefits programs and to educate them about the total value of the benefits that are being provided by the institution.
Strategic Thinking: BCG does not strive to sell products—we engage in understanding your strategies and your objectives for utilizing human capital to meet your goals.
Cutting-Edge: BCG continually monitors the market regulatory arena to keep your institution at the leading edge of employee benefits utilization.
Cost reduction: BCG's key focus is to reduce your overall benefits cost while providing added value to your institution and employees. We do this by avoiding cookie-cutter solutions and off-the-shelf products in favor of understanding your needs and budget, and working diligently to deliver extraordinary value within those parameters.
Compliance: Few areas of benefit programs concern employers more than whether their programs remain in full compliance with fast-changing regulations. BCG's employee benefit specialists continually monitor and train on all new regulatory changes to provide our clients the peace of mind that their benefits programs are indeed in full compliance at all times.
Eases Your HR Burden: Whether you look to BCG for consulting that supports your HR staff, or to outsource your entire benefits and HR functions, our specialists will reduce your staff's workload, allowing them to focus on strategic business functions.
Expert Personnel: BCG seeks out and grows top talent through continuing education, continual training and experience gained by working with leading, progressive clients.
Accessibility: Our employee benefit specialists are available to you when you need them.
