Key Benefit: Cost Savings
Business leaders have been through rounds of cost-cutting in recent years to survive what many would refer to as the most significant economic downturn since the Great Depression. It’s hard to imagine a cost that has not been uncovered, dissected, analyzed, and placed on the chopping block.
At Lyceum, we have actually identified one cost that many organizations have not considered because it’s not an obvious one. The cost we’re referring to is what you pay to compensate, benefit, protect, and retain your workforce. The administration alone of these programs -- which include payroll, employee benefits, insurance, and retirement -- can add up to as much as $120 per employee, per month.
Control the costs you pay to compensate, benefit, and protect your workforce
At Lyceum, we offer a complete, single-source technology and services solution for reducing and controlling both administrative and service costs, while enhancing the quality of your business processes.
With Lyceum, savings come from two primary places:
1. Administrative cost savings of up to 50% per employee, per month
The administration required to run employee-related programs places a heavy burden on your staff. Paperwork, enrollment deadlines, employee communication, plan revisions, and other administrative duties draw the valuable focus and energy of your staff away from other strategic areas. The Lyceum solution reduces time spent on non-revenue-producing functions by providing tools to ease the administrative burdens of running your employee-related programs. And we make these costs visible and easy for you to control. The result? Our customers have seen a 33%-50% reduction in administration costs per employee, per month.
2. Services delivered at a price much less than others can match.
Not only do we provide the technology you need to visualize and control administrative costs, we also provide expert services through a single point of contact for your employee-related programs. This model improves the efficiency of your staff; it reduces your cost of doing business and delivers savings to your bottom line. This is because our services and technology together are far less expensive that what you pay for your current services alone.
With Lyceum, you have the unique opportunity to bring a previously unknown cost-cutting solution to your organization and quickly deliver measurable savings to improve the bottom line. We invite you to discover how much you can save. Request a free cost savings assessment now