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Chris Chiu
- Added: October, 15th 2011
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Aligning Employee Benefits with
Organizational Objectives
Jardine Lloyd Thompson Asia
Presented by Chris Chiu
Benefit Solutions
13 October 2011
Client first. Independent. Results based.
A Jardine Matheson Associate Company
What Employee Benefits?
Employee Benefits
Group Life
Long/Short Term Disability
Critical Illness
Common
Healthcare
Components
Retirement Savings
Accident and Travel
Flexible and Voluntary Benefits
Employee Assistance Programmes
Other Wellness Initiatives
Client first. Independent. Results based.
Who are the key stakeholders?
Corporate
HR
Objectives
Objectives
A Solid
EB
Strategy
Finance
Employee
Objectives
Objectives
Client first. Independent. Results based.
Typical Objectives
Corporate
HR
Finance
Employee
Objectives
Objectives
Objectives
Objectives
Company Ethos
Recruitment and
Budget
Relevant
Retention
Constraints
Loyalty
Adapting to
Reward
Containment and
Lifestyle
Improved
control
Productivity
Protection
Alignment - recognizing and bridging gap between employer and
employee ensures you get best value out of EB programme
Client first. Independent. Results based.
Recruitment and Retention - the same
challenges?
Recruitment
Retention
Benefits that appeal to your
Benefits that appeal to your
target market
workforce
Life style options
Life style options
Joiner value statements
Total reward statements
Initial engagement
Continued engagement
Impact communication
Impact communication
Client first. Independent. Results based.
Common Approach
Client first. Independent. Results based.
Roadmap to Success - order of delivery
Design
Communication
Strategy
Engagement
Measurement
Client first. Independent. Results based.
Strategy
Who are your
How to get from
project partners?
A to B
Technical and legal
Benefits Broking
Input
Client first. Independent. Results based.
Design
Meeting budget constraints
Claims and claim mitigation
Getting value for money - cheapest is not always best
Bucking the trend
Don't assume you know what employees want - ask them
Client first. Independent. Results based.
Innovation
Consult employees on what they want - use focus groups
Possible introduction of voluntary self-paid benefits - with
group discounts
Broader health and wellness programme - prevention is
better than cure
Flexible benefits - `Core plus' variant
Invest for longer term rewards - consult experts!
Benefits that mitigate distraction from work - greater
productivity
Help employees to achieve work-life balance - builds loyalty
Client first. Independent. Results based.
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