New City Insurance brokers provide tailored and innovative insurance solutions for the unique risks associated with the manufacturing industry. Unfortunately, the manufacturing industry’s health depends on many factors such as distribution disruptions, federal regulations, and general economic conditions. In the manufacturing industry, we believe it is important to minimize these risks and maximize coverage to keep your company’s operations running efficiently and productively.
The Manufacturing Industry Deserves Competitive Benefits
Manufacturing is a highly competitive industry, and to stay relevant you need high-quality talent. Attract and retain the people you need with a premier benefits package.
- Manufacturing companies contribute between 70-80% of employee & dependent premiums, on average
- Average spend has increased by 11% annually for 14 years
- Manufacturing employees expect comprehensive benefits, including health, dental, vision, life, LTD, worksite benefits, FSA & commuter benefits
New City’s Exclusive Manufacturing Employee Benefits & HR Consulting
Our exclusive health insurance program provides pooled rating with other manufacturing companies, providing you with access to strong benefits at rates significantly below market average. At New City, we recognize that no one solution fits all. Our experts will assemble a comprehensive benefits package for your manufacturing businesses – one that will boost your employee satisfaction and maintain your competitiveness.
Benchmarking
Benchmarking allows us to compare key metrics with your competitors in the manufacturing industry to ensure we are presenting you with the best possible guidance and coverage. We invest significant resources into our benchmarking practices to identify areas of improvement so that your manufacturing company acquires and maintains a leg up in the market to attract top talent.
PEOs
Our specialized manufacturing industry PEOs help your business centralize your standard core business services, allowing you to focus on what matters most – growing your business and maximizing returns. At New City Insurance, we work with all the major PEOs who all focus on handling back-end office tasks such as HR, payroll integration, and employee benefits compliance.
Executive Benefits
Not only does the right executive benefits plan give your company a competitive edge in the manufacturing industry employer market, but it helps your company recruit and retain the best talent. We work with all our clients to tailor a rewards package for their key executives that best fit their company’s culture. New City Insurance will help your company see the big picture, and ensure your tailored benefits package acts as a reward for employees, pushing your executives to perform even better.
Growth Strategy
At New City Insurance, we believe it is important for companies in the manufacturing industry to not only be presented with specialized and tailored insurance solutions, but to grow and innovate. Since the industrial revolution, manufacturing technology has rapidly advanced and we want to help you determine a growth strategy to help secure your core business functions. Our growth services assist your company in securing exponential and sustained growth to put your manufacturing company in place as an industry leader.
Retirement Plans
Retirement plans are one of the most desirable employee benefits. Ensuring that your employees are set up for a financially secure retirement is just one of the ways that will help you find and retain great talent. Having an attractive 401K plan for your employees shows potential prospects that you care for your workforce. At New City Insurance, we have carefully vetted the best 401K providers, who all offer competitive plan designs with low costs so that your manufacturing company can achieve maximized returns.
Benefits Administration Technology
Managing employee benefits can be a complicated undertaking. Our benefits administration technology helps remove manual and mundane processes that plague many manufacturing companies, ultimately saving you time and money. At New City Insurance, we are trained professionals with the right tools to help your company make the right decisions, resulting in lower reporting errors and more time for you to focus on the bottom line – growing your business.
Wellness Plans
Healthier employees mean lower health care costs, increased productivity, and reduced disability costs. Our wellness professionals tailor an approach for your manufacturing company and it is what we do best – striving to create a healthier environment and raise your company’s employee morale through wellness program engagement. Amongst other great programs, our wellness plans typically include weight-loss competitions, exercise guidance, and smoking cessation.
Competition In The Manufacturing Industry
Knowing what other manufacturing companies are offering is critical to building a health benefits package that attracts and retains top talent. That’s why we invest significant resources in benchmarking – so you have the insight you need to implement custom benefits packages that stand out.
Speak To The Experienced Employee Benefits & HR Consulting Firm
Manufacturing insurance planning is an important step in your business’s overall financial health. So why leave it to chance? Our goal is to make you the most competitive employer in the manufacturing industry in your region, so you can attract and retain the best talent, and reach your business goals faster. For more information about our manufacturing industry insurance, call New City Insurance at 888.210.2759 or request a consultation online today.