Overview:

Attracting and retaining the best talent remains one of the most important and competitive challenges facing businesses today. Since very few organizations can afford to pay above market salaries, the right approach to total compensation can multiply the value of your benefits package. Redefine your benefits landscape and develop a precise set of benefits that are tailored to your particular employee’s needs. Benefits should not be viewed in terms of their costs, but in terms of the value they bring to your talent management efforts.

Clearly, utilizing benefits more effectively is one of the ways that HR professionals can demonstrate their strategic capabilities as they are mindful of both lowering the cost of doing business, and increasing revenue by hiring and retaining the right people. Learn how to balance the myriad of governmental and environmental factors impact decision makers as they contemplate benefit programs of the future. In this session you will learn the five step process that will position your organization to develop an employee benefit’s strategy.

Areas Covered in the Session:

• How and when will the Affordable Health Care Act affect your organization?
• Is your company/institution in the most cost effective funding option?
• How much do you know about exchanges and your state’s position?
• How well do you understand the medical system that serves you?
• What’s the forecast on your medical spend for the next two years?
• How much is spent on medical v. prescription drugs and where are the opportunities to reduce cost?

Simply stated, building an effective employee benefits strategy is becoming increasingly important and following a road map is one way to define and accomplish a strategy. A road map should be considered by companies and institutions right away, especially in light of new governmental mandates and programs. This program will show you the way.

Learning Objectives:

• Why designing a strategy for employee benefits is an imperative and an opportunity;
• That most companies lack a champion for creating a strategy;
• The elements of a successful roadmap and how they can be implemented.
  

Who Will Benefit:

• Business Management
• Workforce Planning
• Human Resource
• Compensation
• Employee and Labor Relations
• Risk Management