As organizations are rethinking their business models, their employees are rethinking the expectations of their employers.
Employees are asking plan sponsors for benefits that keep up with their lives: benefits that can be personalized and experienced the way we experience life in 2018. Think of how dramatically your benefits experience differs from your online banking, shopping or vacation booking experience.
But providing each employee with personalized coverage and targeted benefits communication may seem like a complex and costly undertaking, especially as the provision of comprehensive benefits coverage is becoming more and more expensive with high-cost therapies hitting the market.
In this session you will learn how the benefits environment is changing – and how plan sponsors can leverage these changes to design and implement benefits programs which offer their employees flexibility and improved benefits experience. You will discover key strategies and practical considerations for designing such a program.
Learning objectives:
- Consider how the changing nature of employment relationships, employee expectations and benefits environment impact design and delivery of benefit programs
- Review scope of analysis required to design a relevant benefit program
- How to achieve balance between personalization of coverage and sustainability of the program
- Consider importance of effective delivery of flexible benefits and employee experience
Who should attend?
HR practitioners responsible for development and management of benefit programs.