Compensation Administration

As a future HR executive, you will be dealing with waves of retirees and staggering pension deficits, skyrocketing health care costs, and political upheaval over legislation that will affect mandatory benefit offerings. After watching these videos and considering the landscape, select the benefit problem that is most concerning to you and suggest a potential remedy.

For example, I am very concerned about the continued escalation of employee medical benefit plan costs. Employers have dealt with these increases by passing along the costs to their employees through increases in payroll contributions and co-payments and decreases in coverage. Given that there is no governmental solution that will be an offset or assist in this issue, I would suggest one of two pathways. One controversial route could be to become a benefits leader. This could position you to use your benefits as a true recruitment tool. An alternative option could be to involve a benefits consultant and to rebid your medical plan coverages. If your company is large – 500 or more employees – this may result in substantial savings that could be passed on to employees.


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