Employee retention and compliance are two key reasons why businesses need to review and update their benefits program. According to a 2011 Deloitte research report1, more than 65% of employees are ready to leave their current position as soon as the opportunity arises. In addition, 90% of U.S. companies are not in compliance. The possibility of costly litigation coupled with a shortage of qualified, skilled workers could be devastating to businesses.
Inova Payroll has entered a strategic partnership with Benefits Connection to provide a single source solution to help clients manage and administer their employee benefits program. Clients can select services on a broad or small scale depending on the company’s needs. Flexible programs include: COBRA Administration, Section 125, Health Savings Account (HSA), Health Reimbursement Account (HRA), and Flexible Spending Account (FSA) management. The benefits these programs provide are many: reduction in payroll taxes, increased productivity, fewer frustrations, happier employees, compliance maintenance and a healthier bottom line.
Many legislative challenges exist, and it is very difficult for business owners and/or HR professionals to keep up with today’s highly regulated world of employee benefits. Kelly Walker, President of Benefits Connection explains, “We redefine benefits and shift the burden of compliance from your shoulders to ours.” “Benefits Connection is the optimum choice for Inova Payroll clients because they offer affordable, turn-key solutions to keep businesses compliant and help improve employee satisfaction and loyalty,” said Melanie Crow, PHR, Inova Payroll’s VP of Sales.
“Benefits Connection has an outstanding reputation for providing excellent customer service. Their professional team brings more than 25 years’ experience in employee benefits administration for both large and small companies. We are pleased to add Benefits Connection to our growing list of InovaPlus™ ancillary services,” adds Farsheed Ferdowsi, President and CEO of Inova Payroll.
About Benefits Connection — “We redefine benefits, shifting the burden of compliance from your shoulders to ours.” Benefits Connection is dedicated to “Connecting People and Benefits.” With more than twenty years of experience, Benefits Connection offers full service, turn-key solutions for COBRA administration, and Cafeteria Plan/Flexible Spending Account (FSA) administration. For more information, call 615-224-1600 or online at www.mybenefitspeople.com.