You are a Benefits Manager at a privately held, retail organization. In January, you were notified that health insurance premiums have increased, and as a result, changes need to be made to the existing benefit package for the next year. The owners of the company want to keep the employee contribution to health insurance the same and therefore cuts will need to come from other voluntary benefits offerings. Current voluntary benefits include Paid Time Off, Holiday Pay, Life Insurance, Long Term Disability, Dental Insurance, Tuition Reimbursement, and an Employee Assistance Program. what information and data would be good togather make an informed decision regarding the benefits that should be eliminated or reduced for the next benefit year? , assume both the Employee Assistance Program and Tuition Reimbursement benefits were eliminated. What qualitative and quantitative metrics would you recommend tracking to evaluate these actions
You are a Benefits Manager at a privately held, retail organization. In January, you were notified that health insurance premiums have increased, and as a result, changes need to be made to the existing benefit package for the next year. The owners of the company want to keep the employee contribution to health insurance the same and therefore cuts will need to come from other voluntary benefits offerings. Current voluntary benefits include Paid Time Off, Holiday Pay, Life Insurance, Long Term Disability, Dental Insurance, Tuition Reimbursement, and an Employee Assistance Program. what information and data would be good togather make an informed decision regarding the benefits that should be eliminated or reduced for the next benefit year? , assume both the Employee Assistance Program and Tuition Reimbursement benefits were eliminated. What qualitative and quantitative metrics would you recommend tracking to evaluate these actions
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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You are a Benefits Manager at a privately held, retail organization. In January, you were notified that health insurance premiums have increased, and as a result, changes need to be made to the existing benefit package for the next year. The owners of the company want to keep the employee contribution to health insurance the same and therefore cuts will need to come from other voluntary benefits offerings. Current voluntary benefits include Paid Time Off, Holiday Pay, Life Insurance, Long Term Disability, Dental Insurance, Tuition Reimbursement, and an Employee Assistance Program.
what information and data would be good togather make an informed decision regarding the benefits that should be eliminated or reduced for the next benefit year?
, assume both the Employee Assistance Program and Tuition Reimbursement benefits were eliminated. What qualitative and quantitative metrics would you recommend tracking to evaluate these actions
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