Fact Based List:
Samantha White and Jack Hagel: 5 Steps To Update Your Company Benefits Plan
Submitted by Anonymous on Thu, 04/14/2016 - 12:16
- Align the benefit strategy with business objectives - Revisit the strategy regularly to ensure it evolves as regulations and employee requirements change, while still supporting business priorities.
- Aim for consistency with local relevance - Cultural differences among locations can be accommodated if they are in keeping with the commonalities that support the company’s underlying principles.
- Provide core security and increase employee choice - Health cover, life insurance, and a pension are among the core benefits that provide employees with financial security.
- Educate employees about the benefits program - Explain how it fits in with the company’s goals and rewards policy to boost employee appreciation
- Deliver high-performing program - Design best practices based on research into employee behavior. Improve administrative efficiency.
Source: Willis Towers Watson
Source URL: http://www.cgma.org/Magazine/News/Pages/designing-benefits-p...
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