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When To Acquire Benefit Consulting Services

September 16, 2021, by New City Insurance

Benefit Consulting Services written on notebook at tableBusinesses that offer a competitive employee benefits package can see increased productivity, employee satisfaction, and interest from top talent; unfortunately, one of the largest expenses to a business comes from employee benefits.

Benefit Consultants’ combination of knowledge and resources gives employers the opportunity to effectively design a cost-effective benefits package that fulfills employer and employee needs. Companies that do not take advantage of benefit consulting services are susceptible to the risk of overpaying and enrolling in plans that are not valuable to employees due to the absence of professional assistance.

What Are Benefit Consulting Services?

Understanding and managing employee benefits can be very difficult leading to excess stress for a business. Benefit consultants are used to help employers create an employee benefit strategy that is efficient, cost-effective, and compliant with laws and regulations. In addition to assisting in creating an effective benefit strategy, benefit consultants are also available throughout the year to answer questions regarding benefits while managing enrollments and terminations for the employer.

women working with Benefit Consulting Services for improvement Benefit consultants need to be proficient in several areas in order to provide expert guidance. A few of the services that New City excels in are outlined below:

  • Customized Plan Solutions
  • Long Term Benefits Strategy
  • Benefits Cash Flow Management
  • Carrier Negotiations
  • Executive Benefits
  • Retirement Plans

Best Times To Seek Benefit Consulting Services

Benefit consulting services are beneficial throughout the year, but there are a few times in a business’s life that benefit the most from using employee benefit consulting services as outlined below:

Starting A Business

Employers that do not utilize benefit consulting services face the risk of overpaying and enrolling in plans that are not useful for employees. Overpaying for ineffective benefits can put a dent on the companies financials for the first couple of years which can lead to the closing of a business. Employers are able to learn how benefit consultants strategize to have an efficient and cost-effective benefit plan. By learning employee benefit strategies, employers will understand how to form a benefits package that works for the business’s long term goals.

Expanding A Business

expanding business concept with Benefit Consulting Services

Employers can benefit from using benefit consulting services when they are expanding as benefit consultants can put together benefit packages that are attractive to new and existing employees. According to a Survey by Glassdoor, 80 percent of employees said they prefer more benefits and perks compared to a salary increase, a comprehensive benefits package can lead to retaining and attracting top talent. Benefit consultants will align the employee benefits package with the company’s goals. Benefit consultants can put together a customized plan solution that meet the employees’ needs and provide them with a substantial employee experience, allowing the business to expand and achieve company desires.

While there may be times where benefit consulting services are more important than others, seeking professional help can be beneficial at any time because of the long-run advantages that they present. This allow employers to focus primarily on the business while the consultants develop and manage the ideal benefits package for the business. All businesses that are offering an employee benefits package can benefit from making use of consulting services because of all the time and money they will save the business in the long term.

Contact The Professionals At New City Insurance

Using benefit consulting services can create a crucial advantage in retaining and attracting top talent, which is needed to grow your company. Reach out to the expert benefit consultants at New City Insurance today to learn more about how our services can help your business. We provide various high-quality insurance strategies that will be beneficial to businesses in many different industries. Call New City Insurance today at (888)210-2765 or request a consultation online for more information.

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Filed Under: Benefits

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Google Rating
5.0
New City Insurance
New City Insurance
5.0
Carol Zhang
Carol Zhang
04:29 06 Mar 22
As a rapidly expanding national media organization, the employee benefits strategy and administration that New City has provided us during our growth has been invaluable. They have been proactive about informing us of the different benefit strategies available to us as we grow as well as managing the additional compliance laws and reporting requirements at each stage of our growth.
Claudia Villalobos
Claudia Villalobos
20:14 03 Mar 22
New City Insurance made navigating through all the health insurances super EASY. Their documents are highly informative, professional, and easy to work with. Thank you for making the process of choosing a health plan so simple. You guys are THE BEST!
Philippe Salas
Philippe Salas
17:02 22 Feb 22
I never expected to have a good time talking to an insurance salesman, but let me tell you Brendan was quite the treat. He was very helpful explaining the options and has a wonderful sense of humor. I hope to speak with him every time I call.
Jennifer Polito
Jennifer Polito
17:15 09 Feb 22
Super easy enrollment process. Fast and friendly customer service. If you are looking for an insurance company that is there for you every step of the way I highly recommend New City Insurance.
Rocky Salas
Rocky Salas
23:46 07 Jan 22
So friendly, I hope to speak to him again in all my future insurance needs.
Rocky Salas
Rocky Salas
23:38 07 Jan 22
So friendly and soft spoken. I hope to speak to him again in all my future insurance needs.
Jose Brena
Jose Brena
13:20 06 Jan 22
Eric Calciano has been extremely helpful in finding and selecting the right insurance coverage for our company. With many options out there Eric assisted us on getting a low cost provider saving more than 20% than from our competitors and providing excellent coverage for our employees.
Anastasia Beaverhousen
Anastasia Beaverhousen
17:05 28 Dec 21
Signing up for insurance was quick and easy. Felicity Sundsboe
SFCC
SFCC
22:08 29 Nov 21
Jeff Stoltey and his team provide excellent customer service. Jeff has always provided my company SFCC with straightforward options. I went to a larger insurance company only to RUN BACK to Jeff at New City Insurance. I recommend them to anyone needing insurance without hesitation.
Kevin Luby
Kevin Luby
19:13 22 Oct 21
Quick, easy & informative. We were able to secure quality insurance for our small business on a tight deadline. Thanks for the help New City.
Theresa Ruybol
Theresa Ruybol
19:30 01 Jul 21
Eric was so great with us. He was very patient and kind as we are a newer smaller organization who is growing rapidly. With that said, we had made our inquiry, he had great rapid response and mostly had to wait on me. Any request that we made and/or questions we had, he was great answering and helping us understand. Then when we were ready for all documents and to move forward, Brendan helped with getting that together and the two of them worked their magic on New City's end to notify me of what was needed, assist me in that process and confirming that all was complete and approved for the coverage. I just want to say thank you all again so much, as insurance has always been confusing to me, and you all made that process go a lot smoother.Thank you
Andrea Ordendorff
Andrea Ordendorff
21:06 07 May 21
I've been working with both Clayton and Brendan for well over a year. As the purchase of our dental practice was delayed well over 14 months they both patiently supported me and continued to make themselves available. When we were officially ready to sign up they made the whole process seamless and super easy. This team is highly knowledgeable, professional, supportive, and efficient! I can't thank them enough for everything they've done.
T W
T W
22:32 30 Aug 20
I love New City Insurance. I never had a good experience dealing with insurance brokers until I started working with Brendan. He’s awesome! He is patient with me and takes the time to answer all my questions. I’m very grateful for all his help and hard work!
Mary Jane Deyette
Mary Jane Deyette
00:57 11 May 20
Jeff Stoltey is so awesome...even thru my company had only two employees, he took the time each year to research and find the best plan for us. The only reason I am leaving New City Insurance is because we no longer have any employees. Thank you Jeff
Alma Ortiz
Alma Ortiz
22:25 23 Feb 20
Brendan was awesome! I couldn't figure out how to pick my plan and he returned my call on a weekend to help me. Outstansing service!
jessica kavanagh
jessica kavanagh
19:53 13 Feb 20
Brendan was so helpful I definitely recommend him if you’re in need of good help and getting it done promptly. Thankyou so much again.
Tricia DeYoung
Tricia DeYoung
19:49 13 Feb 20
I was very thankful I inquired about this info. with Brendan. He was very helpful so I understand the benefits available much better now. Thank you Brendan.
B Bayer
B Bayer
17:43 24 Sep 19
NCI handled almost everything from start to finish. Clayton and Brendan made the plans easy to understand and walked me through the application process. They got me my ID numbers before my cards arrived so that I could keep an appointment I had already scheduled. My last broker wouldn't have done that. 5 stars!
Jessica Lehr
Jessica Lehr
03:36 07 Jun 19
Our staff was interested in a health plan, but we didn't know how beneficial a solid employee benefits package would be for our business to expand. We'd lose prospective employees because they had more options for their medical insurance which was sometimes more valuable than more pay. The New City team was amazing and gave us as many affordable options as possible so that everyone had their needs met.
Mike McClay
Mike McClay
19:36 03 May 19
My employer uses New City as their insurance broker, and I'm always amazed when I call in for assistance by how knowledgeable and attentive their staff is with my requests. Their online benefits platform makes selecting insurance plans pretty darn easy. I would highly recommend their services.
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