This company has provided materials engineering solutions for more than 50 years, playing a key role in the evolution of the electronics industry, and has more than 22,000 employees in 18 countries. Their innovations are used in the manufacturing of a variety of electronics, including smartphones, televisions and computers.
As the Health and Benefits consultant for this company, we learned they were experiencing ongoing challenges with their previous benefits administration provider. Their benefits team was spending valuable time dealing with issues related to carrier integration, payment timeliness and accuracy, data interfaces, and an outdated system that required inefficient workarounds. At the same time, they were working with their Health and Benefits consulting team to make changes to their plan designs, strategy and plan management. The company wanted to consolidate the third parties that were providing various aspects of health and welfare benefits delivery to make the process more efficient and effective for both their benefits team and their employees.
Our ongoing dialogue with the client gave us important insight into the challenges they were facing, allowing us to have detailed discussions with them in order to develop the right approach to their overall benefits delivery — our knowledge of the client allowed us to make promises and deliver on them. We brought our Benefits Outsourcing, Benefits Accounts, Health and Benefits, and Communication and Change Management teams together to present an integrated solution that would allow the client’s benefits team to focus on strategy and manage fewer vendors. The client would no longer need to serve as the go-between for multiple vendors — our WTW teams work together to minimize the time spent by the client on requirements definition, testing and other time-consuming tasks during implementation and ongoing services.
We implemented our benefits administration solution using our proven best practices, choosing a mid-year go live to give the client an opportunity for a “soft launch” of the system before annual enrollment. Our system, BenefitConnect, gives the client an evolved and flexible solution that easily accommodates their plan designs and provides employees with an intuitive and seamless self-service experience across their benefits.
By bringing multiple health and welfare benefits solutions under one roof, the client has experienced significant improvements in their local HR and benefits operational efficiency and effectiveness.
Our solution also provided a superior employee experience — more than 97% of employees who enrolled online said the experience was good, with one employee noting it was the best benefits enrollment experience he has had in the 25 years he has worked in the industry.
Our best-practice approach allowed us to fully execute on the delivery of the client’s benefits — both during the implementation of benefits administration services and ongoing as their benefits strategy evolves. The close connection between our consulting and administration teams means that our technology is informed by our strategic expertise.
|Consulting relationship leads to a superior benefits delivery solution