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What do you look for in an employee benefits advisor?
Resources
What do you look for in an employee benefits advisor? The
resources of a national brokerage? Or the personal attention you can only get
from a smaller, regional firm? With Burnham, you get the best of both worlds.
But unlike larger firms, Burnham Financial is able to maintain a close and
consistent relationship with each of our accounts, as well as with our vendors.
From the latest benefits technology, to strong relationships
with insurance carriers, to an array of useful compliance tools, Burnham offers
all the sources you need today. And we work hard to stay on the cutting edge of
what tomorrow brings.
Market Analysis
Guided by the integrated benefits program that we design for
you, Burnham account executives use several strategies for realizing savings in
the insurance market-place. With our Decision Matrix cost benefit analysis
software and an assessment of your company’s past claims experience, Burnham
can help you project outcomes based on various proposed plan scenarios. And
this powerful modeling tool is not the only secret weapon Burnham offers when
it comes to monitoring costs. Of course, our view of regional marketplace
trends is enhanced by our understanding of nationwide trends. As a member of
NAHU (the National Association of Health Underwriters) Burnham is part of a
national network of experts who share the latest thinking in areas such as risk
management, insurance and related financial fields. We also provide clients
with industry-specific benchmarking data that shows comparative contributions,
plan designs and costs. This information gives an extremely helpful point of
reference during the decision-making process, yet most brokers neither collect
such information nor share it with clients. Another important step is finding
out what your employees really value in a benefit program, so that future
buying decisions buy you maximum goodwill from your workforce. Burnham can help
you gather such information through employee surveys, focus groups and
interviews.
Technology
Keeping up with hundreds of benefit-focused applications
introduced in recent years can be daunting for busy HR professionals. Burnham
has taken much of the guesswork out of finding simple solutions that are
affordable and effective in helping you:
- Make better buying decisions
- Reduce administrative burden
- Enhance employer-employee communications
We’ve selected proven tools that help you accomplish these
goals with a few or no requirements from your IT department. Some of these
tools are offered to Burnham clients at no charge and, in most cases,
implementation requires relatively little time for your HR staff.
Communication
Sooner or later your employees will grow to understand how
much you really do for them, right? Not if you don’t foster this understanding,
especially with regard to employee benefits. A great benefit program can be
your competitive advantage when fighting to attract and retain the best of the
talent pool. So let Burnham help you position your program to employees – and
even prospective employees – in the best possible light. Why keep it a secret,
as so many employers do?
Changing employee needs, increasing health care and pension
costs, and a complex regulatory environment are forcing today’s employers to
spend an overwhelming amount of time, money, and energy keeping up with their
Benefits programs. This effort drains company resources and diminishes an organization’s
ability to maintain competitiveness. Now, more than ever, employers need a
partner they can trust to help them successfully manage their Employee Benefits
program with ease.
Dedicated Service Team
Although the world of employee benefits is a complex place,
you have never been in better hands than you are with your dedicated service
team at Burnham Financial. At every stage of the group-benefit life cycle, the
same team is there, putting all of the puzzle pieces together and ensuring the
continuity of your benefits program performance. So when it comes to renewal
time, for example, your team has a firm grasp on how each plan or vendor has
performed for you during the year, and can make recommendations that make sense
for your organization. Of course when everyday issues arise, our service teams
are ready to handle them. But what makes our service teams different is their
commitment to proactive management. Your Burnham service teams stay abreast of
changes in the law and continually advise you on compliance concerns. And they
take the time to make sure your benefit is accurately communicated to your
employees. |
