Flexible Benefits
What is FlexBen? | What are the advantages of FlexBen? | How do I do it then? | How do I implement? |
Now that I know all this, what’s next?
What is FlexBen?
Flexible Benefits is an innovative delivery scheme that empowers employees to design their benefits package according to their needs, without increasing their budget.
What are the advantages of FlexBen?
It simply gives your employees the power of CHOICE. Employees under this scheme get the opportunity to CHOOSE the benefits they need and want, eliminating unused benefits items, making the program so much more responsive to EACH employee’s particular situation. Now there is no one-size-fits-all type of package but a what-fits-me type of benefits scheme!
How do I do it then?
FLEXBEN: The STORM Way
Flex Factor – STORM’s Training Module to Go FLEX!
STORM offers the Flex Factor, a training course on Flexible Benefits, to people who are interested to learn more about the program. Flex Factor endeavors to give you a complete description on what Flexible Benefits is, a comprehensive step-by-step methodology on migration, and an exhaustive list of lessons and insights learned from multiple migration and flexible benefits administration projects. If you want to know just what FlexBen is and what it entails, then this is the logical first step. Sign up now for the next Flex Factor!
Feasibility Study – Are you ready to go FLEX?
STORM provides an initial feasibility study to strategically and quickly determine whether your firm is ready to migrate into a Flexible Benefits setup. This could potentially you’re your organization from inappropriately investing a considerable sum of money into Flexible Benefits implementation in cases wherein a company may not be entirely ready for the system yet. The study will be done using STORM’s own 5-Factor Model of Analysis.
Flexible Benefits Implementation – Get exactly what you need
Now that you’re ready, STORM offers its Flexible Benefit expertise to you who want to move from a traditional fixed benefit scheme to the more dynamic and responsive choose-what-you-need benefits plan. This includes analysis of your company’s current setup, creating the benefits line-up, facilitating the transition from the current to the new setup and the customization and installation of the information systemssolution that will support it.
You would then have very little to worry when switching from traditional fixed program to Flexible Benefits. STORM takes the lead in determining what benefits to offer, how to educate your company’s employees about Flexible Benefits, how to manage employees during the transition between the old and new scheme, and how to manage and administer enrollment of employees. The experience of our consultants as well as the support that the packaged information systems solution brings ensure that the change from fixed to flex will be effectively managed and that the system will run as it should.
How do I implement?
Systems Lease – Your benefits at your fingertips
If there is one disadvantage to the implementation of flexible benefits, it’s that the process is much more complex. From managing one benefits package, the company will now have to manage a number benefits packages equal to its number of employees. This is definitely an administrative nightmare you don’t want to experience!
To address this concern, STORM has developed its very own online Flexible Benefits Management System, Rewards Shopper. Through this system, STORM makes administration and management of Flexible Benefits a cinch! You can opt to use this system through a Systems Lease agreement, allowing an administrator from your company to run the program through Rewards Shopper.
Flexible Benefits Outsourcing – Hassle-free migration
But what if you don’t want someone else to do it for you? What if you do not have the time and the budget to train someone to run the program for your organization? STORM goes one step further in helping you improve your benefits system: weoffer the advantage of actually running the new system FOR YOU!
Employees want to take leaves? Avail of that new cellular phone plan? Track down their leaves balance? Have questions about their HMO? All they have to do is to call a STORM representative.
This set-up allows you hassle-free benefits and rewards management by outsourcing the benefits process to STORM.
Now that I know all this, what’s next?
We’ve given you a run-through of what Flexible Benefits Administration is, now all you need is to give us call to know more about this program. We would be more than happy to guide you through the process.
Is my company ready for this? How would this help my employees and essentially my organization? We can answer all these and more! Contact STORM to set an appointment!
