Finding the right Employee benefits broker can be a challenge for many companies, but consultants offer the evaluation tools to guide human resource managers in the right direction.
Supervisors must consider several factors when evaluating a potential benefits broker. Costs are important, but managers must examine a long-term approach during the hiring process. Looking exclusively at the lowest premiums limits employers' options because it prevents them from providing the best benefit plans available.
Adding a broker to your team can be tricky, but creating a good working relationship will help managers and employees. Use good judgement to determine whether a benefits broker fits an organization's needs. Reviewing each broker's' credentials and receiving references can help during the evaluation process. Human resource departments may face deadlines and budgets to find a broker, but managers should maximize the research materials available to them to make the best decision for their company.
Employee benefit services can help managers during the broker evaluation process. The consultants can lend a hand to help supervisors understand what questions to ask and what to look for while completing evaluations.
