The primary directive for Human Resources is to attract qualified applicants and retain valued employees. A competitive benefits package is crucial to achieving that objective. However, rising costs threaten Human Resources’ ability to provide those benefits. Proper vendor management can:
- Maintain benefit levels without shifting costs to employees
- Retain existing vendor relationships
- Improve vendor performance
At Optimatum, vendor management is what we do. We conduct in-depth analyses of your current benefit vendors – not only ensuring vendor compliance and adherence to guidelines, but also identifying categories where plans can be mapped to intended outcomes. We control costs and improve plan administration without changing any of your existing vendor relationships. By creating, implementing, and continuously monitoring a comprehensive action plan to help better manage your agreements and expenses, Optimatum allows you continue providing the programs necessary to attract and retain quality employees.