Our Strategic Benefits Consulting Approach
We’ve developed a dynamic approach that addresses each organization’s specific workforce needs, compliance obligations, and financial goals:
Step 1
Discovery & Goal Alignment
Our team conducts a thorough assessment of the organization’s existing benefits program, determines employees’ needs, and ensures alignment with the overall HR objectives. Through benchmarking, we can compare the organization’s offerings with those of their peers while identifying major cost drivers and risks.
Step 2
Plan Performance & Employee Perception Analysis
Through data-driven employee surveys, utilization data, and market comparisons, we identify opportunities to improve benefits engagement and maximize plan value.
Step 3
Strategic Benefits Program Design & Cost Optimization
Our team will develop customized plan modeling that evaluates multiple approaches (Self-Funded vs. Fully-Funded, HSA, PPO, HMO) to determine optimal solutions. Our team also negotiates with carriers to enhance cost efficiency and incorporate voluntary benefits that strengthen the overall value proposition.
Step 4
Multi-Year Benefits Strategy & Decision Support
Our professionals develop a 3- to 5-year strategic roadmap designed to controls costs while supporting organizational growth. We ensure compliance and align benefits strategies with workforce changes, whether the organization is adopting hybrid work or expanding multi-state.
Step 5
Employee Communication & Engagement
Our tailored open enrollment strategies and year-round education campaigns boost utilization and appreciation, using branded materials that enhance communication effectiveness.
Step 6
Ongoing Support, Compliance & Optimization
Our team provides continuous support, including regular reviews, compliance check-ins, and support with claims to ensure ongoing improvement and optimization.
With a track record of optimizing benefits strategies for diverse industries, BBG delivers tailored solutions that balance cost efficiency, compliance, and employee engagement.
Key Challenges HR Directors Face
HR professionals face increasing pressure to manage rising healthcare costs, comply with complex regulations, and design competitive benefits packages capable of attracting and retaining top talent. Common challenges include:
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- Managing rising healthcare costs and the strain they place on benefits budgets
- Complying with ERISA, COBRA, and ACA regulations
- Designing a competitive benefits package aligned with the organization’s talent acquisition goals
- Ensuring employees’ understanding and appreciation of benefits offerings
- Reducing administrative burdens to focus on strategic initiatives
Request a consultation with the professional benefits consultants at Business Benefits Group to get started and improve your employee benefits plan.
Speak To A Benefits ConsultantHow BBG Supports HR Leaders
BBG delivers strategic cost-containment solutions that preserve employee value. Our compliance expertise mitigates legal and regulatory risks. We implement proven employee engagement strategies that boost retention and develop seamless technology integration to reduce administrative complexity. Most importantly, we provide data-driven benefits planning that positions HR teams to be proactive rather than reactive.
Core Benefits Consulting Services
Our comprehensive services empower HR leadership to excel in their role.
Plan Comparisons & Cost Modeling
Guided analysis of funding models with multi-year forecasting and carrier-neutral plan negotiation.
View Plan Comparisons
Compliance & Risk Management
Oversight for ACA, COBRA, ERISA, and HIPAA to avoid penalties for government contracts, along with support for SCA government contract requirements
View Compliance & Risk Management
Benefits Administration & HR Technology Integration
Streamlined systems that work with existing HRIS and data-driven analytics for tracking employee engagement
View Benefits Administration
Custom Open Enrollment & Employee Education
Personalized professional communication materials and sessions that drive engagement, supported by on-demand tools for employees
View Custom Open Enrollment
Benchmarking & Competitive Insights
Industry-specific reports and comparisons that maintain competitive positioning and inform strategic plan design optimization
View Benchmarking & Competitive Insights
Case Studies: Measurable Impact for HR Directors
Research shows 62% of employees with employment-based benefits plans consider these plans to be essential to their financial security.
With 48% of ACA coverage sold through health insurance brokerages, selecting the right consultant is important.
For over 30 years, BBG has been assisting businesses across various industries in optimizing benefits, reducing costs, and achieving notable improvements in employee satisfaction.
Why BBG is the Right Partner for HR Leaders
Organizations require more than a vendor; they need a strategic partner who understands the complexities involved in their benefits management. BBG offers:
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- Proven expertise in cost containment and compliance
- A proactive, data-driven approach to benefits planning
- Dedicated HR support and employee advocacy
- Technology-enabled solutions that streamline administration
Let’s Build a Smarter Benefits Strategy for Your Workforce
Schedule your strategic benefits consultation and transform your benefits program from a cost center to a competitive advantage.
Contact BBG For More Information
Have questions? We have answers! Send us a message and we will get back to you in a timely manner.