Module 2 – Case
Compensation and Strategy: Controlling Benefits Costs
The ability to adequately control employee benefit costs today is often the difference between organizations that are successful and those that are not.
This is even more complex with the recent governmental focus on health insurance and the attempts to roll back the Affordable Care Act. If you are interested in mandated health insurance in the U.S., a Google search will result in several sources; for example:
Levy, N. and Kim, K. (July 2017). A side-by-side comparison of Obamacare and the GOP’s replacement plans (2017). The Los Angeles Times. Retrieved from http://www.latimes.com/projects/la-na-pol-obamacare-repeal/ .
Take a look at the Top 20 Employee Benefits & Perks for 2017 by Glassdoor. Glassdoor says these 20 employers offer benefits “that go beyond the basics and enter legendary status.”
The following employers are listed:
3. Bain & Company
4. Goldman Sachs
6. Scripps Health
8. American Express
10. Whole Foods Market
13. Gap Inc.
15. Swiss Re
· Select one of these employers that you have not studied before and conduct research on the total rewards they offer. Important: at least 2/3rds of your submission should discuss how they evaluate the effectiveness of those offerings. If you cannot find how the specific employer evaluates their programs, research and discuss best approaches that have been identified by either other employers or by subject matter experts (speakers, authors) to evaluate the effectiveness of total rewards offered.
Present your findings in one of the following ways:
· A presentation of 10-12 slides, with either voice-over on the slides, or with detailed notes included with your slides.
· A 4-page brochure
· An essay format
Module 2 – SLP
In this assignment you will be analyzing the following Social Security benefits:
· life insurance
· disability income
· retirement income
To begin, create a table of facts and figures that you have developed showing important information about these benefits. Refer to your table in the text of your essay. Respond to the following:
Provide an overview of the Social Security benefits listed above.
Compare and contrast the four benefits.
Did it help you to present some of the information for this SLP assignment in table form? Why or why not?
Use at least 3 library sources and/or module materials to augment the Sanicola (2011) source.
Your submission should be 2-3 pages in addition to the page with the table, your cover page, and your Reference page. Provide enough discussion/detail to make this assignment informative to you and to your reader.
Submit your paper by the module due date.
Glassdoor Team. (2017). Top 20 Employee Benefits & Perks for 2017. Retrieved from https://www.glassdoor.com/blog/top-20-employee-benefits-perks-for-2017/.
Kwon, J., & Hein, P. (2013). Employee benefits in a total rewards framework. Benefits Quarterly, 29(1), 32-38. Retrieved from http://www.aon.com/attachments/human-capital-consulting/2013_Benefits_Quarterly_Employee_Benefits_Total_Rewards_Framework.pdf
Sanicola, L. (2011). Employee Benefits Basics, pp. 7-29. Scottsdale: WorldatWork Press. Retrieved from EBSCO eBook Collection in the Trident Online library.
Alexander, S. (2015). The secret weapon of modern benefits: A strategic plan. Employee Benefit Plan Review, 69(9), 12-13. Retrieved from the Trident Online Library.
Controlling benefits costs. (2011). The Controller’s Report, (6), 5-7. Retrieved from the Trident Online Library.
OWLPurdue. (2012, May 9). Purdue Owl: APA formatting: The basics [Video file]. Retrieved from https://www.youtube.com/watch?v=pdAfIqRt60c&list=PL8F43A67F38DE3D5D
Society for Human Resource Management, (U.S.). (2016). SHRM 2015-2016 Health Care Benchmarking: 6 Industries, 5 Geographic Regions, and 4 Employee Sizes. Alexandria, Virginia: Society for Human Resource Management. Retrieved from EBSCO in the Trident Online Library.
Tyler, K. (2011). Design an effective rewards program. HR Magazine, 56(10), 94. Retrieved from the Trident Online Library.