Benefit plan design is the process of designing an employee benefits package performed internally by a member of a companies human resources usually with help from an external benefits consultant. Offering a complete employee benefits package is important, complex and costly task but important to companies allowing them to recruit and attract top talent. A well thought out benefit plan design will meet both the employees needs while keeping costs reasonable for a company.
A benefits package can include:
- Health Insurance
- HSA, FSA or other health savings account
- Healthcare Concierge or advocates
- much more