Total benefit costs to employers average approximately 40 percent. Shared Time Human Resources Management, Inc. conducts a structured review of your company's current benefits and identifies company objectives to develop a cost containment strategy that meets your business objectives.
Health Care and Welfare Benefit Plans
A healthy workforce means less missed days and lost productivity. It also means contending with the high cost of health care insurance. Shared Time Human Resources Management, Inc. helps companies strike a balance between health care benefits and heath care benefit costs. We can audit existing health care plans or recommend new programs.
Benefit Pension Plan
Shared Time Human Resources Management, Inc. will prepare benefit books and employee communications including new employee orientation, enrollment, beneficiary changes, appeals, and COBRA administration for your pension plan.
An individual–account pension plan utilizes a formula to specify the contributions. The program benefits are dictated by the amount accumulated in the participant’s account. Shared Time Human Resources Management, Inc. can assist your company to set up an employee contribution program.