Strategic Planning

Don’t break the bank for effective wellness programs

07/27/2010

Employers are warming up to wellness programs to help reduce health care costs. And it works! But choosing the wrong pieces of the wellness puzzle can lower your ROI dramatically. For the most bang for your wellness buck, focus on these five efforts that drive the greatest cost savings.

What will you do if the economy doesn’t rebound this year?

07/20/2010

If the unsteady economy doesn’t improve during the next six months, one in four HR professionals say their organizations are “very likely” to respond with wage freezes, according to a new poll. What’s your Plan B if the recession double-dips?

When times are tough, do only what counts

07/20/2010

A recession has a way of changing the way businesses do business. HR is no exception. Here are three effective strategies for HR pros to consider as the economy recovers and their organizations permanently adopt the cost- and time-effective strategies they have embraced out of necessity over the past couple of years:

Use 3 strategies to cut health care costs

07/08/2010

“Now is the time for all of you with plan-year start dates on or near Jan. 1 to start thinking about ways to control health plan costs,” says insurance expert Nancy L. Newell. Lowering employers’ health insurance burden requires balancing three strategies: shifting more costs to employees, implementing cost savings and making plan changes.

Shopping for employee-lawsuit insurance: 6 questions to ask

07/01/2010

Employment practice liability insurance (EPLI) covers you from employee lawsuit judgments. The jump in employee lawsuits is making EPLI a nearly must-have; so premiums are rising. Here’s how to shop for a policy …

Help create a more transparent workplace

06/22/2010

When times get tough, tough organizations get transparent. The more connected employees are with the financial big picture, the better they can generate revenue-boosting ideas. Is your C-suite boss seeking new ways to engage front-line employees by keeping them informed? Here’s how you can support his efforts.

6 talking points to get management buy-in for your HR budget

06/15/2010

When it’s time to present next year’s HR budget, get the C-Suite’s attention with these six talking points. They’ll show you mean business.

5 steps for getting beyond comp & benefits benchmarks

04/30/2010

I get nervous when HR professionals use benchmarks as their primary criteria to determine how much to pay employees or spend on benefits. My proposal: Put less stock in external benchmarks, and figure out what your company needs to attract and retain high-quality employees. Then devise a strategy to get what you need. Here are five ideas to consider:

5 keys to boosting participation in your health plan

04/27/2010

Innovative employers are applying five new principles when they talk to employees about health and health insurance. As you look for ways to encourage employees to be active, informed consumers of the health benefits you offer, see how many you can incorporate into your own communication plans.

Base health communication strategies on 5 behavioral quirks

03/19/2010

When researchers at HR consulting giant Towers Watson were compiling new stats on 2010 employer health care costs, they uncovered some fascinating findings from the world of behavioral economics that innovative employers are applying to their health communication efforts. As you look for ways to encourage employees to be active, informed consumers of the health benefits you offer, see how many you can incorporate into your own communication plans.