At Burnham, we take a consultative approach to determining the right plan design for your organization, and we continually measure your plan’s performance. We start with an assessment of your goals; we then develop your employee benefits strategy to make sense within these goals and in relation to benchmarks drawn from multiple data sources. Our ongoing Stewardship Process ensures a proactive checkpoint every three to six months.
Prior to structuring a strategy and plan design, Burnham conducts a thorough evaluation of your current corporate climate and benefits. We use various techniques such as interviews, focus groups and confidential employee surveys to get a broad overview of your current situation, including:
This evaluation serves as the foundation for setting clear, strategic plan design goals, considering value-added programs, identifying areas of potential cost savings and maximizing employee goodwill.
Based on the results of our Client Needs Evaluation, we work collaboratively with you to make informed plan design decisions with confidence. We’re there to help you stay focused on:
Throughout the plan design process, we work as an extension of your HR team — with open communication, dynamic collaboration and a unified vision for maximum results.
Based on your specific needs and plan design, we implement a customized market analysis to identify potential cost-saving opportunities before moving forward with procurement.
Our resources for this process include:
By using these resources to facilitate comprehensive market analysis, organized request for proposal (RFP) services and plan renewal negotiations, Burnham helps to keep your procurement on strategy and your costs under control.
To meet your ongoing reference needs and provide a sense of closure after procurement or renewal, we provide you with your own customized Client Profile, a summary of all benefits, eligibility rules, rates, vendor contact information and more.
We update your Client Profile whenever necessary so you always have current information at your fingertips. Your Client Profile also comes in handy as a tool to illustrate historical rate comparisons and carrier trends for future renewals.