Optimizing the Value of Benefits for both Employers and Employees
Our consultants can help you to meet these challenges:
- Offer benefits that can be differentiated from competitors' benefits
- Help employees understand and appreciate their benefits
- Improve benefit efficiency
- Navigate the products and services provided by benefit providers, and negotiate with the providers
- Take control of ongoing healthcare management
- Lower insurance premiums for employee medical plans
- Streamline policy maintenance and dispute settlement
Solutions We Deliver
- Leverage market leading actuarial tools such Benefit Index® to optimize life, AD&D and medical benefits programs
- Quantify benefit competitiveness against comparator benchmarks
- Improve investments on risk benefits through better plan design and proactive, reliable, and ongoing services
- Plan set up: request for proposal drafting
- Evaluate vendors using agreed upon key measures
- Contract negotiation, including commercial terms and technical terms
- Clarify working process for vendor and employer
- Ongoing services:
- Medical plan administration
- Claims analysis report
- Insurance auditing
- Employee satisfaction survey
- Total remuneration statement
Benefits are a critical element of your employee value proposition. However, they are often not well understood or appreciated by employees and can be costly and cumbersome to administer.
Hewitt will work to ensure your benefits proposition is both compelling to your employees and competitive in your market by understanding your employee’s needs, and benchmarking your plans against the largest database of healthcare and risk benefits in China.
Moreover, you can rely on Hewitt’s valuable insights on a wide range of products available in the market and comprehensive understanding of vendor capabilities, to ensure you get the plan and service level which is right for your business.
Hewitt’s consulting and brokerage approach allows us the flexibility to tailor our services to meet the needs of local and foreign employees in enterprises of all types and sizes throughout China.
For more information on our complete suite of healthcare & benefits services, please contact us.