Making Benefits Personal
Our mission for inspiring employee understanding and use of benefits.
While the challenge can be overwhelming for overworked HR departments PCI is dedicated to assisting as a strategic HR resource. We’ve developed a solution that reduces the burden on HR staffs without increasing cost or causing disruption. Our business model helps employees embrace their benefits after open enrollment. We work with our clients to schedule an off-cycle “Employee Education Campaign,” which takes place during the eleven months following open enrollment.
During a 21-minute meeting each employee gains a personal understanding of a benefit or program, selected by their employer, which dramatically improves engagement. They’ll also learn about a voluntary benefit and how it can close a gap in their individual benefits picture and protect their family’s financial future.
Employees obtain their benefits during open enrollment and gain an understanding of benefit use and value during their education meeting. Beyond being cost free the biggest HR advantage is increased return on the huge investment in employee benefits. Now, one of the largest expenses, at about 30 percent of employee compensation, benefits will produce intended results. Reduced health costs, less absenteeism and fewer financial worries will increase employee commitment and productivity.
The current labor market has made employee recruitment and retention almost impossible to deal with. This is the consensus of SVPs from two large companies, each with over 12,000 employees. According to these executives, “even fast-food chains are offering hiring...read more
Training is important in any organization. Time, energy, and capital spent improving skills results in an engaged, high performing staff - something every company wants. Successful training that’s prioritized and focused takes time and with today’s demands of dealing...read more
When employees are stressed financially, their health and productivity can both suffer. Fortunately, organizations can ease some of that stress by helping employees manage their personal finances and prepare for retirement. 401(k) Benefits Most companies now offer...read more
According to Bank of America’s 2019 Workplace Benefits Report, employee caregivers make up an amazing 45% of the work force. In effect, this means many employees are working a second full-time job caring for a loved one. Because of this overworked segment, HR staff...read more
Employee benefits constitute a large, complex, and ever-changing set of programs. Whether they are government mandated -- such, as Social Security and Workers’ Compensation -- or provided by the employer to help attract, retain, and motivate employees, they contribute...read more
Everyone hates to lose a good employee, especially when the reason for leaving is a small pay increase with diminished company benefits that result in a net loss in compensation. An HR Director summed up the situation when she said, “The value of an employee’s...read more
According to AARP, one in six American adults is currently serving in a primary caregiving role. And the need for caregivers will only continue to grow; in just ten years, older adults are projected to outnumber children for the first time in history. As employees...read more
Underutilized Retirement Plans Matching 401(k) plans are one of the most powerful tools HR professionals can offer their employees to improve recruitment, strengthen retention, and boost morale. But many employees do not take full advantage of an organization’s...read more
Employee training is important to HR because it increases productivity and performance while reducing waste and accidents. It’s been demonstrated that well-trained employees are more engaged, have improved morale and self-confidence, and they feel more appreciated....read more
Even though most HR professionals believe health insurance is the most important benefit offered by their organization, they are often frustrated by the fact their employees have difficulty achieving maximum value from this benefit. In addition to the wide range of...read more