SelectPath The Right Path for Employers
Sunday, February 05, 2012

Selectpath Benefits Readiness Quiz

These days, there is more pressure than ever to be competitive. A strong bottom line with happy and motivated employees is a great start. But with most business owners and HR departments there is not enough time in the day to prudently research, strategize and administer an effective plan. There are many key issues to consider when planning for one of the most significant business decisions you'll ever make, rewarding and motivating your employees with a competitive, cost effective and full-service plan.

Please take a few minutes to consider the key issues.

We do not have a clear strategic plan for our benefits program.
We have a clear strategic plan for our benefits program.
 
  • If Yes, please rate its effectiveness and usefulness:
 
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We do not have a step-by-step action plan to provide financial security for our company/employees.
We have a step-by-step action plan to provide financial security for our company/employees.
 
  • If Yes, please rate its effectiveness and usefulness:
 
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We do not have enough control over our benefits costs and administrative charges.
We have control over our benefits costs and we are able to minimize administrative charges.
 
  • If Yes, please rate its effectiveness and usefulness:
 
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We have not reviewed financial alternatives available for our benefits program.
We have reviewed the financial alternatives available for our benefits program.
 
  • If Yes, please rate its effectiveness and usefulness:
 
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Our employees do not fully value or appreciate our benefits program.
Our employees value and appreciate our benefits program.
 
  • If Yes, please rate its effectiveness and usefulness:
 
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We do not have a trusted source of advice and support.
We have a trusted source of advice and support.
 
  • If Yes, please rate its effectiveness and usefulness:
 
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We do not have the confidence that we are being treated fairly (financially) by our providers.
We do have the confidence that we are being treated fairly (financially) by our providers.
 
  • If Yes, please rate its effectiveness and usefulness:
 
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We do not have a specialized plan in place to ensure the financial security of the owners/executives of our company (Death, Disability, Health, and Retirement).
We do have a specialized plan in place to ensure the financial security of the owners/executives of our company (Death, Disability, Health, and Retirement).
 
  • If Yes, please rate its effectiveness and usefulness:
 
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I am not confident we are using the most effective administration processes available.
I am confident we are using the most effective administration processes available.
 
  • If Yes, please rate its effectiveness and usefulness:
 
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Our employees do not fully appreciate the dollars we are spending on benefits.
Our employees do appreciate the dollars we are spending on benefits.
 
  • If Yes, please rate its effectiveness and usefulness:
 
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We are unsure whether we are getting maximum value from our retirement plan.
We are confident we are getting maximum value from our retirement plan.
 
  • If Yes, please rate its effectiveness and usefulness:
 
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We do not have a plan to manage the overall health of our organization.
We have a plan to manage the overall health of our organization.
 
  • If Yes, please rate its effectiveness and usefulness:
 
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