Alternative benefits consultants can bring a variety of options to your company, from self-insurance programs to wellness programs and 401K plans. Alt benefit consultants can help you to bring in a broader scope of employee benefits that you may have overlooked in the past. Alternative benefits advisors can help to bring your company greater profitability and a better handle on your health care costs.

Alternative Benefits Consultant companies offer specialized one-time classes or can review your company’s benefits policies. Alternative benefits advisors will recommend a program to ensure that your company is positioned to utilize a alternative benefits system that will please your board and your employees.

1. Use alt benefit consultants to assess your benefits programs

2. Look for alternative benefits solutions to improve profitability

3. Bring in alternative benefits advisors to manage your benefits plans

Action Steps
The best contacts and resources to help you get it done

Educate yourself with alternative benefit consultants

Explore the options that alternative benefits advisors can bring to your business. Request a review of your current benefits packages and discover what can be replaced or added with an alternative benefits system. You can bring in alternative benefits consulting firms to make recommendations and educate you and your senior staff.

I recommend: Sibson can come in and completely revamp your benefits system or just look at your current offerings and make recommendations for places where you can tweak your alternative benefits solutions. Watson Wyatt is an alternative benefits consultant company that operates worldwide and can review your programs and make recommendations, particularly if you have offices overseas as well.

Check your numbers with benefits consulting services

As the cost of health care and other alternative benefits solutions continue to rise and more employees demand the benefits to stay put in their positions, it would behoove you to consider changing the way you to do business internally. The old solutions need to be revised and supplanted with a newer alternative benefits system if you are to remain competitive.

I recommend: Abacus will review your benefits packages and focus on where your can save the most money with your alternative benefits system. CHRS has a number of alternative benefit ideas that might work to help you reduce your costs and become more profitable

Contract continued alternative benefits consulting services

You may reduce some of your costs by outsourcing your benefits programs to alternative benefits consultants. They can set up your new systems and manage the delivery and day-to-day business of your benefits programs. On the other hand, you may just need to keep benefits consulting services on retainer for your HR department to have someone on hand who knows your programs to go to with questions and verifications.

I recommend: Benefits Service Group is an alternative benefits consultant company that is also a brokerage and can provide computer support to service your benefits programs. CORBCO is another alternative benefits consultant company that can review, plan and implement your alternative benefits system from health to retirement programs.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Many alternative benefit consultants also sell insurance. You may want to seek the advice of a non-affiliated alt benefits consultancy to get an unbiased review before turning to a broker for your benefit plans.