Given the state of inflation and rising medical prices, clients will, of course, want to minimize the cost load of their plan — and we’re here to help thread that needle by managing risk and lowering claims without cutting benefits to employees.

That’s why it’s important to know which benefits actually move the needle for an organization’s unique workforce. After all, there’s an almost unlimited variety of benefits that could be offered to employees — from identity theft protection to pet insurance — and different workers will have varying priorities. At Graham Company, we utilize our proprietary P2RIME® process to analyze the specific business needs of each client and develop a custom plan that extends far beyond a benefits package recommendation. As a trusted partner, we design every process to ensure clients are taking the best steps to reduce costs, proactively manage risks, protect their workforces and foster an employee experience that recruits and retains talent. One key element of managing risk and creating a thriving environment for personnel is human capital management — the recruitment, onboarding and development of employees. People are a company’s most important asset, but they can also be a risk when not fully trained or engaged. One Gallop study found that disengaged workers have 64% more accidents at work than the most engaged employees — a staggering figure. And if someone leaves a company, the cost of replacing that person can be up to 1.4 times the position’s base salary, according to the U.S. Small Business Administration.