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Innovative Benefit Solutions
Innovative Benefit Solutions Tom Carlin (612) 889-0614 43 Main Street SE; Suite 513 Minneapolis, Minnesota 55414 WOODBURY ...
Innovative Benefit Solutions <ul><li>Are you throwing money away? </li></ul><ul><li>THE HIDDEN COST OF BUSINESS </li></ul>...
Innovative Benefit Solutions <ul><li>WORKER SHORTAGE </li></ul><ul><li>By the year 2010, the U.S. will experience a shorta...
Innovative Benefit Solutions <ul><li>COMPREHENSIVE BENEFIT AND COMPENSATION PACKAGES ARE INTEGRAL TO RECRUITING AND RETAIN...
Innovative Benefit Solutions <ul><li>“ We already offer a benefit program that is within our budget” </li></ul>
Innovative Benefit Solutions <ul><li>Health plan costs are escalating at more than 5 times the rate of corporate profits a...
Innovative Benefit Solutions <ul><li>Workplace benefits cost employers more every year, yet many employees do not fully un...
Innovative Benefit Solutions <ul><li>BENEFIT QUESTION </li></ul>With the benefits currently offered, are you getting the m...
Innovative Benefit Solutions <ul><li>BENEFIT ENHANCEMENT </li></ul><ul><li>77% of workers reported that the benefits a pro...
Innovative Benefit Solutions <ul><li>VOLUNTARY BENEFITS </li></ul>Voluntary benefits offered in conjunction with Financial...
Innovative Benefit Solutions <ul><li>THE BENEFIT </li></ul><ul><li>“ The content in financial education program should inc...
Innovative Benefit Solutions <ul><li>WORKPLACE FINANCIAL EDUCATION </li></ul>one-quarter of workers are  very confident ab...
Innovative Benefit Solutions <ul><li>WORKPLACE FINANCIAL EDUCATION </li></ul><ul><li>Now, more than ever, an educated empl...
Innovative Benefit Solutions <ul><li>BENEFIT COMMUNICATION </li></ul><ul><li>Every business faces unique challenges with i...
CONTACT <ul><li>BENEFIT INTEGRATIONS </li></ul><ul><li>43 Main Street SE </li></ul><ul><li>Suite 513 </li></ul><ul><li>Min...
WOODBURY FINANCIAL SERVICES, INC.  MEMBER FINRA, SIPC, AND REGISTERED INVESTMENT ADVISOR,  P.O. BOX 64284, ST. PAUL, MN 55...
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Benefit Integrations

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Benefit Integrations goes beyond providing ordinary financial guidance and investment services for businesses and individuals. We focus on your unique needs; then design customized solutions to help you meet those needs.

Published in: Economy & Finance, Business
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Benefit Integrations

  1. 1. Innovative Benefit Solutions
  2. 2. Innovative Benefit Solutions Tom Carlin (612) 889-0614 43 Main Street SE; Suite 513 Minneapolis, Minnesota 55414 WOODBURY FINANCIAL SERVICES, INC.  MEMBER FINRA, SIPC, AND REGISTERED INVESTMENT ADVISOR, P.O. BOX 64284, ST. PAUL, MN 55164, 800-800-2638. BENEFIT INTEGRATIONS IS UNAFFILIATED WITH WOODBURY FINANCIAL SERVICES, INC.
  3. 3. Innovative Benefit Solutions <ul><li>Are you throwing money away? </li></ul><ul><li>THE HIDDEN COST OF BUSINESS </li></ul><ul><li>The average cost of hiring is 20-25% of salary. </li></ul><ul><li>This equates to $10,000 spent to recruit, hire and train one $50,000 salaried employee. </li></ul>
  4. 4. Innovative Benefit Solutions <ul><li>WORKER SHORTAGE </li></ul><ul><li>By the year 2010, the U.S. will experience a shortage of 10 million workers. I </li></ul><ul><li>60% of all new jobs in the 21 st century will require skills possessed by </li></ul><ul><li>only 20% of the workforce. II </li></ul>In a recent survey of business leaders, respondents indicated that recruiting, retaining and developing talent are “Top” or “Critical” issues.
  5. 5. Innovative Benefit Solutions <ul><li>COMPREHENSIVE BENEFIT AND COMPENSATION PACKAGES ARE INTEGRAL TO RECRUITING AND RETAINING QUALITY EMPLOYEES. </li></ul>
  6. 6. Innovative Benefit Solutions <ul><li>“ We already offer a benefit program that is within our budget” </li></ul>
  7. 7. Innovative Benefit Solutions <ul><li>Health plan costs are escalating at more than 5 times the rate of corporate profits and 5 times the rate of inflation. IV </li></ul><ul><li>In 2005, health care spending in the United States reached $2 trillion, and was projected to reach $2.9 trillion in 2009. Health care spending is projected to reach $4 trillion by 2015. v </li></ul><ul><li>In 2006, employer health insurance premiums increased by 7.7 percent – two times the rate of inflation. The annual premium for an employer health plan covering a family of four averaged nearly $11,500. The annual premium for single coverage averaged over $4,200. VI </li></ul><ul><li>LIMITED BENEFIT RESOURCES WITH THE RISING COST OF HEALTH INSURANCE </li></ul>
  8. 8. Innovative Benefit Solutions <ul><li>Workplace benefits cost employers more every year, yet many employees do not fully understand what is offered, how it works or what they are worth. </li></ul><ul><li>THE PERCEIVED VALUE OF BENEFIT PROGRAM </li></ul>Employees can’t appreciate what your doing for them if they don’t know what you are doing for them! &quot;Employers can spend huge sums of money on benefits, but if their employees aren‘t aware of the cost or don‘t appreciate the value of the benefits, they aren't going to see a return on their investment,” VII Eighty-one percent (of companies surveyed) do not associate a dollar value with their benefits…Only 19% detail the dollar value of their benefits so the recruit can evaluate the total compensation offering. III
  9. 9. Innovative Benefit Solutions <ul><li>BENEFIT QUESTION </li></ul>With the benefits currently offered, are you getting the most of your investment? & Can the value of your current benefit program be improved without increasing expense?
  10. 10. Innovative Benefit Solutions <ul><li>BENEFIT ENHANCEMENT </li></ul><ul><li>77% of workers reported that the benefits a prospective employer offers are very important to the decision to accept or reject the job. VIII </li></ul><ul><li>With the rising cost of health insurance, companies are looking for ways to offer attractive benefit plans without adding additional budget constraints. In a recent study of over 2,000 employers, nearly 90% offer employee-paid voluntary benefit programs. </li></ul><ul><li>Voluntary products have become an effective solution for employers to enhance their benefit offering at no addition corporate expense. </li></ul><ul><li>This can provide positive impact on employee turnover as well as a means to attract new employees. </li></ul>
  11. 11. Innovative Benefit Solutions <ul><li>VOLUNTARY BENEFITS </li></ul>Voluntary benefits offered in conjunction with Financial Education While employees are able to purchase these individual products outside of the workplace, Participation through an employer sponsored benefit package can offer savings of 20-40% off the same product.
  12. 12. Innovative Benefit Solutions <ul><li>THE BENEFIT </li></ul><ul><li>“ The content in financial education program should include all employee benefits because money is at the heart of every benefit. In fact, a financial program is “the benefit” that unites all employee benefits. Employee financial education can provide a better understanding of the economic value of employer-provided benefits so employees can make choices that are best for them from all the available options. This can be a powerful tool to motivate, reward and retain the best employees. “ IX </li></ul>
  13. 13. Innovative Benefit Solutions <ul><li>WORKPLACE FINANCIAL EDUCATION </li></ul>one-quarter of workers are very confident about their financial security in retirement (27 percent), while more than 4 in 10 are somewhat confident (43 percent). However, at least some of those who say they are very confident may be overconfident: 24 percent of very confident workers are not currently saving for retirement, 43 percent have less than $50,000 in savings, and 37 percent have not done a retirement needs calculation. X
  14. 14. Innovative Benefit Solutions <ul><li>WORKPLACE FINANCIAL EDUCATION </li></ul><ul><li>Now, more than ever, an educated employee is a better employee. That’s why we have developed a series of seminars that speak to the major issues and investment topics facing investors today. Our targeted concepts help plan sponsor educate employees on key aspects of retirement planning and drive greater plan participation . </li></ul>Benefit Integrations’ series of seminars offer you the opportunity to provide an additional level of value to your employees.
  15. 15. Innovative Benefit Solutions <ul><li>BENEFIT COMMUNICATION </li></ul><ul><li>Every business faces unique challenges with informing employees about their benefit program and the value it provides. </li></ul><ul><li>Face to Face Meetings </li></ul><ul><li>Seminars </li></ul><ul><li>Teleconference </li></ul><ul><li>Webinars </li></ul><ul><li>Enrollment Software </li></ul><ul><li>Brochures </li></ul><ul><li>We provide the solutions for your benefit communication needs. </li></ul>
  16. 16. CONTACT <ul><li>BENEFIT INTEGRATIONS </li></ul><ul><li>43 Main Street SE </li></ul><ul><li>Suite 513 </li></ul><ul><li>Minneapolis, Minnesota 55414 </li></ul>
  17. 17. WOODBURY FINANCIAL SERVICES, INC.  MEMBER FINRA, SIPC, AND REGISTERED INVESTMENT ADVISOR, P.O. BOX 64284, ST. PAUL, MN 55164, 800-800-2638. BENEFIT INTEGRATIONS IS UNAFFILIATED WITH WOODBURY FINANCIAL SERVICES, INC. <ul><li>U.S. Department of Labor Statistics </li></ul><ul><li>U.S. Department of Education </li></ul><ul><li>Aon Consulting 2007 Benefit Talent Survey </li></ul><ul><li>Lifestrive/Allstate Workplace Division </li></ul><ul><li>Borger, C., et al.: “Health Spending Projections Through 2015: Changes on the Horizon,” Health Affairs Web Exclusive W61: 22 February 2006 </li></ul><ul><li>The Henry J. Kaiser Family Foundation: Employee Health Benefits: 2006 Annual Survey </li></ul><ul><li>Kathryn Yates: Watson Wyatt’s Global Director of Communication Consulting </li></ul><ul><li>Employee Benefit Research Institute: Value of Benefits Survey 2002 </li></ul><ul><li>E. Thomas Garman: “What can Employers do?” </li></ul><ul><li>Employee Benefits Research Institute: Retirement Confidence Survey 2007 </li></ul><ul><li>National Underwriter, May 2002 </li></ul>

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