STORM has 5 different products and services under its Flexible Benefits portfolio.
STORM offers to conduct Flex Factor, a training course on Flexible Benefits, to people who are interested to learn more about the program. Flex Factor endeavors to give attendees a complete description on what Flexible Benefits is, a comprehensive step-by-step methodology on migration, and an exhaustive list of lessons and insights learned from multiple migration and flexible benefits administration projects.
STORM offers to conduct an initial feasibility study to strategically and quickly determine whether a firm is ready to migrate into a Flexible Benefits setup. This could potentially save an organization from inappropriately investing a considerable sum of money into Flexible Benefits implementation in cases wherein a company is not entirely ready for the system yet. The study will be done using STORM’s own 5-Factor Analysis.
STORM offers its Flexible Benefit expertise to companies that want to move from a traditional fixed benefit scheme to the more dynamic and responsive Cafeteria plan. This includes analysis of a company’s current setup, finding out if it is advantageous for it to adopt a Flexible Benefits scheme, creating the benefits line-up for companies that opt to push through with implementation, facilitating the transition from the current to the new setup and the customization and installation of the IS solution that will support it.
A company would then have very little to worry about in terms of switching from its traditional fixed program to Flexible Benefits. STORM takes the lead in determining what benefits to offer, how to educate the company’s employees about Flexible Benefits, how to manage employees during the transition between the old and new scheme, and how to manage and administer enrollment of employees. The experience of STORM’s consultants as well as the support that the packaged IS solution brings ensures that the change from fixed to flex will be effectively managed and that the system will run as it should.
If there is one disadvantage to the implementation of flexible benefits, it’s that the system is much more complex. From managing one benefits package, the company will now have to manage a number benefits packages equal to its number of employees.
To address this concern, STORM has developed its very own online Flexible Benefits Management System, Rewards Shopper. Through this system, STORM makes administration and management of Flexible Benefits a cinch! Clients can opt to use this system through a Systems Lease agreement, allowing an administrator from their company to run the program through Rewards Shopper.
STORM goes one step further in helping its clients in improving their benefits systems: it offers its clientele the advantage of actually running the new system FOR them.
Employees want to take leaves? Avail of that new cellular phone plan? Track down their leaves balance? Have questions with their HMO? All they have to do is to call a STORM representative.
This set-up allows companies hassle-free benefits and rewards management by outsourcing the benefits process to STORM.
What is Flexible Benefits?
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