Today’s businesses face a significant challenge: offering employee benefits that meet the varied and evolving needs of their workforce. Isolated group insurance programs are no longer sufficient to meet these expectations, especially with the generational diversity present in the current workforce. Employees are looking for tangible benefits that impact their mental and general well-being, and they want the flexibility to choose optional benefits that meet their individual needs.
The Importance of an Integrated Group Benefits Strategy and Management
Meeting the Needs of Multiple Generations
- Flexibility and Personalization: Employees from different generations have distinct needs when it comes to health and well-being. Younger employees may be more interested in benefits related to well-being and personal development, while older employees may prioritize health coverage and financial security.
A Tangible Impact on Employee Well-Being
- Mental and General Health: Benefits that support mental and physical health are essential. Integrated programs can include therapy sessions, gym memberships, nutritional consultations, and more.
- Flexibility: Offering flexible benefits allows employees to choose what is most relevant to them, thus increasing their satisfaction and engagement at work.
Why Choose the Segic Platform?
To address these complex needs, the Segic’s platform stands out with its unique features and integrated solutions. Here’s why your company should require your intermediary or broker to use Segic’s platform:
Simplification of Administrative Management
- Single Billing: Instead of receiving 10 invoices from different providers, your company will receive a single invoice for its entire group benefits program, including insurance, health and optional (voluntary) benefits. This greatly simplifies administrative management and saves valuable time.
Integration with Payroll Systems
- File Automation: Segic provides a file of taxable benefits and payroll deductions automatically formatted for payroll systems like Nethris and many others. This eliminates manual entry errors and ensures smooth integration with your existing systems.
Security and Access to Sensitive Documents
- Secure Document Vault: Companies can receive and store sensitive documents in their secure customer portal. Segic ensures secure information exchange through a document vault, thus meeting security and confidentiality standards.
Added Value with Segic: Administrative Aspects and the Benefits Marketplace
Integrated Benefits Management
- Simplified Administration: Segic enables integrated benefits management, reducing the administrative burden and allowing for better coordination between the different benefits offered.
- Self-Service: Employers can manage their group benefits program, process movements, initiate enrollments for new employees, access a premium simulator, and submit automated change requests through the Segic Client Portal.
- Tax Optimization: Segic offers state-of-the-art tax optimization solutions, helping companies maximize tax benefits related to employee benefits programs.
Dynamic Benefits Marketplace
- Individual Benefits: Segic’s Benefits Marketplace offers individual benefits for employees, allowing them to leverage collective purchasing power with significant discounts on insurance, legal, health, and financial services.
- Preferred Discounts: If the employer subscribes to this service, employees can access a preferred discounts section in the Marketplace, offering over 350,000 products and services across North America, enhancing their purchasing power and overall satisfaction.
By adopting an integrated and strategic approach to employee benefits with Segic’s platform, your company can not only meet the diverse needs of its employees but also simplify administrative management and optimize operational efficiency. This translates into happier and more engaged employees, as well as a more agile and efficient organization.
