THE OVERLOOKED ASPECT OF ACQUISITIONS
Amid the financial evaluations that dominate acquisitions, the significance of employee benefits often goes unnoticed. However, the careful assessment and management of benefits can notably influence the acquisition’s success.
Neglecting employee benefits can lead to:
- Decreased morale and productivity due to employees feeling neglected or undervalued
- Increased employee turnover
- Compliance risks, as employee benefits often involve more regulatory filings than commercial insurance
- Challenges in attracting and retaining talent if the benefits package is not competitive
THE SHORTCOMINGS OF LARGE BROKERS
Regrettably, many large insurance brokers delegate benefits management to overloaded teams, leading to impersonal service and unhappy HR departments. Given the high-touch nature of employee benefits, larger brokers often fail to effectively manage these during an acquisition.
KAPNICK’S UNIQUE APPROACH TO EMPLOYEE BENEFITS
At Kapnick, we dedicate ourselves to delivering exceptional service, expert advice, and customized solutions to our private equity clients. Our approach to employee benefits includes:
- Comprehensive Benefits Packages: We develop customized benefits packages tailored to the unique needs of your employees.
- High-Touch Service: Our dedicated benefits service team provides personalized service, understanding that every client has distinct needs.
- Compliance Expertise: We stay abreast of regulatory and compliance issues related to employee benefits, ensuring our clients’ full compliance.
- Strategic Planning: We work alongside our clients to formulate long-term benefits strategies aligned with their business goals.
- Employee Education: We ensure employees fully comprehend their benefits packages and how to utilize them through our education and communication services.
In conclusion, properly evaluating and managing employee benefits is essential in the acquisition process. Neglecting this crucial aspect can lead to decreased morale, compliance issues, and challenges in attracting and retaining top talent.
At Kapnick, we specialize in delivering exceptional employee benefits services. By taking a customer-focused approach and staying updated on regulatory and compliance issues, we help our clients successfully manage employee benefits during an acquisition.
READY TO PRIORITIZE EMPLOYEE BENEFITS?
Reach out at info@kapnick.com or 888.263.4656 to start a conversation about how Kapnick can assist you in managing employee benefits during your next acquisition.
-Sherman Edwards
