In the normal scheme of things most employee and executive benefit and pension plans tend to wander from their initial design.
Almost without fail, the original relevance of these programs to the corporation’s mission statement diminishes, either because the company’s philosophy has changed or the benefit program has taken on a life of its own.
When overlaid by the harsh realities of today’s world health and economic crisis wherein the workplace and its reaction to changing supply and demand, productivity and increased government intervention is being reimagined In its entirety; there has probably never been a better time to review corporate benefit programs, which may represent 5% to 10% of payroll.
Fortunately benefit providers have invested heavily in artificial intelligence, virtual health care and advanced administrative technologies to name but three tools to allow corporations to first take stock of their own changing mission statement and subsequently model approaches that can be tailored to their own specific vision and needs.
At the same time, how to best wade through the myriad of $250 Billion of government supports that have been rolled out over the Spring of 2020?
It may indeed just be a great time to talk and for us to listen.
Stay safe.