A nationally recognized turn-around consulting firm contacted the Argus team for advice on this declining situation. Argus professionals met with client executives to develop an understanding of the business landscape and specific issues impacting the trucking industry before recommending a go-forward strategy. Working in close partnership with the client, Argus implemented the following changes:
* Restructured & improved the benefit plan design to be more competitive with industry
* Introduced an Employee Benefits Plan Corridor Strategy
- Lengthened the waiting period required for new drivers to enroll into the core plan
- Offered new drivers a Limited Medical Plan as a corridor to the base plan.
* Improved the client’s Risk Profile
* Adjusted the contribution strategy
* Strengthened communications, education and training