Webinar: Better Benefits Administration and Lower Costs

If you work in human resources and employee benefits, you’re well aware of the important role technology plays in benefits enrollment, administration and implementation. But technology itself is not the be-all end-all; if you don’t have expert assistance to guide you and your organization in the in using a sophisticated benefits portal, you’re wasting a lot of the money your business has invested — and probably frustrating the employees you mean to serve. 

Alera Group and our specialty practice Lumity invite you to join us on Thursday, September 19, at 1 p.m. CT for the next event in our Engage series of benefits webinars: “Is Tech-Enabled Brokerage Right for You?”  

During the one-hour session, we’ll discuss how an employee benefits broker that provides a platform and year-round services not only enables you to maximize the platform’s capabilities but also enables your employees to make the most of your offerings. 

What you’ll learn 

The webinar will include a panel discussion featuring Lumity clients who will share their experience with the benefits solution we provide. Spoiler alert: You’ll hear how working with a tech-enabled brokerage makes life easier for everyone in a Lumity-enabled company — leadership and employees, as well as the HR team. 

You’ll come away with:  

• Perspectives from peers on how they’re thinking about and managing common benefits challenges; 
• Concrete examples of how tech-enabled brokerage works for employers and employees; 
• Insight into how the resources of a national agency increase the effectiveness of benefits technology. 

Transitioning from a PEO 

While the advantages available through tech-enabled benefits brokerage are universal, they may be especially appealing to midsize, high-growth companies — particularly fully insured, level-funded organizations transitioning from a professional employer organization (PEO). 

Like a PEO, tech-enabled brokerage serves businesses in the areas of:  

• Health insurance 
• Workers’ Compensation 
• HR and tax compliance 
• Employee recruiting and training 
• Payroll and 401(k) management. 

In addition, tech-enabled brokerage offers two distinctive advantages over PEOs: health plan options and cost savings. By using a data-driven, carrier-agnostic approach to plan renewal, for example, Lumity is able to design the most cost-effective benefits program for each client while offering transparency into how rates and prices are negotiated. 

Employee satisfaction 

Enrolling in an employee benefits program can be daunting. Even after enrollment, benefits programs are often misunderstood. And while technology is intended to ease both processes, tech itself can be intimidating. 

A recent MetLife study of U.S. employee benefit trends found that Gen Z employees in particular expect customized, year-round benefits support from their employers. Among the study’s findings: 45% of employees don’t fully understand their benefits package, and only 38% are completely confident that they’re fully aware of all the benefits available to them. 

Working with a brokerage that offers not only a leading-edge benefits portal but also year-round support and services enables your employees to seamlessly access, understand and navigate the portal, creating a positive benefits experience. 

Discussing the MetLife study with Insurance Newsnet, the company’s Senior VP of Workforce Engagement and Benefits Connectivity told the publication, “Our research shows when employers demonstrate care and employees feel cared for, it creates better workplace outcomes for both parties.”  

“In addition,” Insurance Newsnet reported, “benefits play an important role in demonstrating care, as over 60% of employees said that their benefits make them feel more cared for and more loyal to their employer, and 59% said that the benefits they receive make them more engaged at work.” 

To learn more about how tech-enabled brokerage can help you create a more satisfied and engaged workforce while also taking care of your company’s bottom line, join us on September 19.  

REGISTER FOR THE WEBINAR 

About the author 

Ben Holley 
Vice President of Sales 
Lumity, An Alera Group Company 

Ben Holley has nearly two decades of experience working with multinational companies on healthcare solutions, employee benefits, global mobility and international expansion. As Vice President of Sales at Lumity, he collaborates with Alera Group offices around the country to serve clients with the unique technology and support services only Lumity delivers.