Case Study: Intelligence Consulting wanted “Smart Expansion”

Intelligence Consulting wanted “Smart Expansion”

Overview

Our client, a small NJ-based consulting firm, approached us wanting to acquire a new company. As part of the acquisition, they hoped to bring aboard new employees, develop consistent HR policies, track and separate insurance expenses, and build a positive internal culture. The ultimate goal was to enhance their brand which is an all-encompassing and full-service consulting firm.

Approach

Enter Puharic and Associates, Inc. We were able to integrate the Property and Casualty Program, the Employer Practices Liability and Directors Insurance Changes, the benefit package, and roll them out to employees in a seamless education series that involved stakeholders at the employee, manager, and owner level.

Results

• Employee count increased from 15 to 34 employees in 12 Turnover of existing employees or acquired workers dropped to the low single digits
• Employee benefits increased with four separate health benefit offerings, dental, vision and group
• Insurance costs per dollar of revenue decreased significantly as the merging of entities eliminated duplications and provided efficiencies of
• All Insurance program changes were delivered on-time, with costs lower than Client and employee satisfaction soared.

Conclusion

As a result of effective communication and game-planning, leadership understood the upcoming changes to the insurance program. Problems were anticipated and discussed in advance. Prices were forecasted accurately. With confidence in the modeling, the consulting firm is now to acquire another entity based upon the program created b Puharic and Associates, Inc.