Employee benefits renewals can quickly become reactive when teams are working against contract deadlines, waiting on vendor terms or trying to gather information from multiple systems and stakeholders.
For HR, Benefits and Total Rewards teams, the most effective way to avoid that is to start earlier and make sure the right information is available before the decision needs to be made.
A structured renewal process helps teams move beyond asking whether a benefit should continue. It creates an opportunity to review what is currently in place, what it costs, how the vendor is performing, whether the arrangement still meets employee and business needs and whether it continues to support the organization’s wider benefits strategy.
This employee benefits renewal checklist is split into three phases (prepare, evaluate, and decide and close), and provides a practical framework for that review.
For a more detailed look at the full process, see Origin’s guide to the employee benefits renewal process.