Case Study: Strategic Benefits Management Unlocks $20k+ in Annual Savings

Client: [Anonymous Small Business Client] 

Industry: Professional Services 

Employees: 10-25 employees 

The Challenge

Our client, a small but growing business, needed to reduce costs while maintaining a competitive benefits package for their employees. With benefits expenses accounting for a significant portion of their total compensation strategy, the leadership team wanted to ensure any changes would align with their overall business goals and employee priorities. They had received a modest savings proposal from their benefits broker but suspected more opportunities were available.  They decided to engage our HR consulting firm.

Our Approach

We took a holistic, strategic approach to maximize value while protecting the employee experience. 

• Employee Survey: We began by surveying the team to identify their priorities, ensuring any changes focused on the benefits that mattered most. 

• Utilization Review: We analyzed benefits utilization rates to uncover inefficiencies and areas for potential restructuring. 

• Market Benchmarking: By comparing the company’s package to industry standards, we ensured competitiveness while identifying cost-saving opportunities. 

• Total Compensation Strategy: We examined the entire compensation profile, strategically reducing benefits costs without negatively impacting the company’s overall offerings or value proposition to employees. 

• Broker Engagement: Collaborating with the company’s benefits broker, we brought a sharper strategic lens to negotiations, leveraging our expertise to achieve deeper savings. 

• Change Rollout Plan: To ensure smooth implementation, we developed a comprehensive communication plan to keep employees informed and engaged. 

The Results

Engaging with our HR consulting firm led to remarkable outcomes: 

• $20,000+ in annual savings, representing nearly 30% of the company’s total benefits cost. 

• Comparable benefits maintained, ensuring employees continued to feel supported and valued. 

• Enhanced employee satisfaction, with prioritized benefits aligned to their needs and expectations. 

• Strategic alignment, as the revised benefits package complemented the company’s broader compensation strategy. 

Why It Matters

This case demonstrates how small businesses can achieve substantial cost savings without compromising on employee satisfaction or competitiveness. By taking a strategic, data-driven approach, we not only delivered immediate financial benefits but also positioned the company for long-term success. 

What Our Client Said

"We never imagined we could save so much without cutting corners. A&A Consulting brought a strategic approach that ensured our employees’ needs were prioritized while saving us over $20,000 a year. They handled everything seamlessly—from planning to communicating with our team." 

Ready to Transform Your Benefits Strategy?

Contact us to see how we can help you optimize costs while keeping your employees engaged and supported. We support benefits strategy work as both a one-time project or under the umbrella of our fractional HR services.  

Book a Free Consultation