can you afford the status quo
TRANSCRIPT
Can You Afford the Status Quo? Switching to ADP gives your business a Benefits Advantage.
DiD You Know?
ADP InSurAnCe SolutIonS
Benefit costs can average 14.3% of total compensation.i Do you have the benchmarks to compare whether your benefits expenses are competitive?
80% of business owners who provide benefits believe that employees who are taken care of have an incentive to work harder for the companyii
Do you have the tools to effectively communicate this value to your employees?
Organizations that outsource the management of payroll, HR data administration and health and benefits spend on average 27% less than a manual approach.iii
Do you have the solution to eliminate the duplication between your payroll and your insurance carrier?
Establish a Strategic Advantage for Your Business with ADP
i. HR Annual Metrics Report 2011, HR Metrics Service ii. Manulife Financial Small Business Research Report, 2011iii Exposing the hidden cost of Payroll and HR Administration, PwC/ADP March 2012
Payroll and benefits connected to leading insurance carriers as the system of record for enrolment and premiums
Reduce billing concerns. No more advance billing, reconciliation or manual payments
Eliminate double-entry of employee information in both your payroll and insurance carrier systems
Avoid out of date coverage and employee eligibility issues with carriers
Quarterly business analytics that provide a complete view of pay and insurance costs
Manage compensation costs with quarterly business analysis
Benchmarks that evaluate your plan’s competitiveness against industry averages
Avoid surprise increases at renewal time
Effectively allocate per employee costs in financial systems
The resources needed to communicate the value of benefits and resolve employee issues
Individual reports that help you communicate the total value of pay and benefits compensation to each employee
Exclusive reference library to help you support employee questions
Advocacy services that leverage data and ADP relationships for claims issues with insurance carriers
Modern broker services that help you take advantage of the latest industry trends
Modern plan options, including individualized benefits, that support diversity of employee base
Advanced decision support tools that assist you with designing the best plan for your business
Choice of leading insurance providers, connected to your payroll and benefits A service team of designated experts on licensed insurance placement, client management, technology, underwriting, market trends, carrier relations and executive oversight
ADP InSurAnCe SolutIonS
ISSE
LL05
12E
Add Up the Benefits with ADP
Reduce Your Administration
Better Manage Your Insurance Costs
Bring Out the Best in Your Employees
Better Support Your Business
More Business Value From Your Benefits Program