Proven Results
TPP excels in the area of focused solutions consulting; the scope and depth of both our corporate and consulting experience allows us to conduct client projects that anticipates and then delivers the right solution(s) for the particular engagement. Many times these are solutions that we've already experienced success with when we were overseeing the Employee Benefits, Compensation, and Human Resources activities during our corporate tenure; as well as through successful engagements with our clients.
Examples:
- Reviewed large pharmaceutical company's group disability plan leading to the design and implementation of a US Supplemental Long Term Disability program; this employee pay all plan is heavily participated in and has reduced the overall future financial risk of the client's company paid benefit.
- Helped best in class healthcare company consolidate their national medical benefit plans offering both a consistent, streamlined plan design and a reduction in insurance carriers/HMOs utilized; buying power leverage and resulting decisions produced multi million dollars saving.
- Worked with highly respected New Jersey Hospital Corporation in designing and installing voluntary benefit plans yielding employee protection, no company costs and significant employee participation.
- Managed multiple health and welfare outsourcing searches for U.S. and global pharmaceutical corporations. Pre-outsourced company benefits environments varied greatly ranging from in-sourced, paternal environments, to unacceptable outsourced environments. One client realized savings of up to $5M per year achieved by remarketing existing outsourced contract and selecting new outsourcing vendor.
- Assisted start up Bio Technology Company with the design and implementation of a broad based long term incentive plan facilitating future viability of firm through recruitment and retention of high quality employees.
- Helped U.S. medical device company redesign US compensation structure for recently merged organizations; conducted field sales compensation review and redesign; results brought about better compensation consistency and competitiveness, and better use of field incentives.
