The ability to adequately control employee benefit costs today is often the difference between organizations that are successful versus those that are not. This is even more complex with the recent Affordable Health Care Act that is in the horizon. Businesses today are not sure, yet, how this legislation will affect them. Discuss how a business can better control its health insurance benefit costs while still being able to use the benefit package as a recruitment and retention tool. Give practical examples and bring in real-life business examples (including employer names).
Discuss how an organization's compensation plan (specifically health insurance benefits) might impact an organization's strategic goal setting process.
Give specific examples of strategic organizational goals and develop Human Resource Department goals related to health insurance benefits to help the organization meet its strategic goals.
Why is it important that the administration of employer pay plans and employee benefits plans be accurate, timely and effective? Give specific examples.
Bring in at least 5 library sources to help strengthen and support your response.
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--Discuss how a business can better control its health insurance benefit costs while still being able to use the benefit package as a recruitment and retention tool. Give practical examples and bring in real-life business examples (including employer names).
The health insurance benefit should reflect a diversity framework that both assist employee's healthcare needs and cost effective effort the business organization. Thus, the utilization management is key to outlining the consistency of healthcare benefits that over time can either increase costs or opportunity reduce costs. Some tactical measures by business organizations conduct internal or industry marketplace studies that reflect the preferences of workers, in relation, towards healthcare benefits and compensation packages plan. In doing so, the main objective is providing some of little coverage in certain areas of worker's preferences, as in, medical, dental, and wellness planning program. The overall concept is designing the health insurance ...
The healthcare insurance benefit assessment on managing costs for businesses striving to improving their compensation benefits package.