BENEFITS INTERFACE
Updated 24 days ago
Some employers view employee benefits as an expense resulting in "penny wise and pound foolish" behaviour. They focus on shopping around for the lowest price, at the risk of losing great employees, wasting money and not achieving their organizational goals...
The Benefit Shopping Trap™ is when you are enticed by a low quote only to pay more in the second and third year then if you had not switched suppliers...
Changing benefits suppliers is a major business decision that should not be taken lightly. The allure of immediate cost savings needs to be tempered with the reality of higher prices in the near and mid-term. It is key to understand that the benefits business is an oligopoly market dominated by a small number of insurers.
Also known as: Benefits Interface, Inc.
Associated domains: benefitshoppingtrap.org