To recruit and retain good talent, companies need to offer a comprehensive benefits package. What if you could achieve the following results by optimizing your benefits administration process.

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Challenges

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Changing compliance mandates

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Extensive back-office work

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Time management

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Cost intensive - putting a strain on your bottom line

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Increasing care costs

The TechM BPS Edge

With our extensive breadth and depth of domain capabilities we have delivered savings of $20M+ over 4years to our clients with signicant reduction in cost per participant.

Benefit Administration Capability

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Key Drivers

Efficiency and Compliance

  • Robust quality model to achieve defect-free processing
  • Leverage Six Sigma expertise
  • W-2 reporting, manage complex compliances and FSA administration

Cost Efficiency in Administration

  • Maximize cost take-outs through a mixed-shore model
  • Six Sigma based process re-engineering and automation to reduce Y-o-Y costs
  • Guaranteed cost savings and gain-share models for health and benefits plans
  • Analytics-led cost benchmarking and ROI reporting

Employee Engagement

  • Implement employee self-service processes, web enrolment, plan comparison tools, etc.