Maximizing the value of the compensation portfolio

Article Abstract:

Value-based compensation programs offer company owners numerous opportunities for optimizing the compensation portfolio of employees. Under such programs, employees are personally allowed to determine the best elements of a compensation package. Employees may be able to choose from a variety of alternative wage options, including retirement plan supplements, differing compensation and swapping benefits. Through the program, employers may be able to promote the productivity of workers, retain the loyalty of highly-efficient staff and rationalize pay allocation.

Employee Benefits & Services, Management Compensation, Methods, Human resource management, Compensation management, Executive compensation, Wages, Wages and salaries, Human resource management )

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Managing health care costs: the pre-financed method

Article Abstract:

The Pre-Financed Health Care program is one cost-containment technique that can be used by corporate benefits managers to decrease health care costs for the company. The system works by arranging a longer term of health care service provision for the company's employees, instead of the yearly renewal which is subject to rate increases. This system enables the cost containment burden to be shared by the carrier and the insured company, since the carrier is tied to the program's commitments for the duration of the plan.

Economic aspects, Medical care

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Returning "design" to health care benefit design

Article Abstract:

Companies must underscore the adoption of effective health care benefit design to address problems associated with health insurance cost and coverage. Statistics show that in 1998, medical cost inflation considerably increased by 6.1%, and is expected to rise by as much as 7%-10% by the end of 1999. For firms to be able to cope with the skyrocketing rate of medical cost, they must adopt a design that centers prescription drug coverage, plan cost reduction, catastrophic protection and managed care.

Insurance Mgmt-Health, Occupational health services

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