christian brothers services 3 health coverage remains the #1 benefit of importance to employees and...
TRANSCRIPT
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March 10, 2016© 2016 Christian Brothers Services, Romeoville, IL. All Rights Reserved.
No part of this presentation may be reproduced, stored in a retrieval system, ortransmitted by any means without the written permission of Christian Brothers Services.
Christian Brothers Services2016 Fall Webinar Series
September 22, 2016
Christian Brothers Services
2016 FALL WEBINAR SERIES
Key Strategies for Selecting the Right Employee Benefit Plan
Opening PrayerOpening PrayerCreator God, through your worldand people that surround us, we
pray that we may grow more awarethis day of your life giving presence.Open our minds and hearts to apply
the knowledge from today’s webinar for the good of all.
We ask these things in Jesus’ Name.Amen
Creator God, through your worldand people that surround us, we
pray that we may grow more awarethis day of your life giving presence.Open our minds and hearts to apply
the knowledge from today’s webinar for the good of all.
We ask these things in Jesus’ Name.Amen
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2016 FALL WEBINAR SERIES
Key Strategies for Selecting the Right Employee Benefit Plan
Pamela MottChief Human Resources Officer
Christian Brothers Services
Michael Lesiak, CPAChief Financial and Administrative Officer
Christian Brothers Services
Premise of the Webinar
Health Coverage
Retirement Plans
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Health coverage remains the #1 benefit of importance to employees and prospective
employees.
Employees and prospective employees EXPECT to get health
coverage from their employer. Despite predictions to the
contrary, employers did not stop offering coverage under the ACA.
Employees and prospectiveemployees EXPECT …
Likewise, employees and prospective employees cannot fund their own retirements.
Regardless of the future of Social Security benefits, American workers need retirement planning
benefits sponsored by their employers.
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Objective of Compensation/Benefit Plans
Attract
Retain
Motivate
Selecting benefit plans is not for the uninformed and inexperienced.
Involve leadership:President, finance, human resources
and Board members.
BoardMembers
CEOFinanceHR
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What benefits do we have to provide?
Are you under a controlling entity (e.g., diocese) that establishes parameters of benefits?
What is required by the government? Union contract?
What benefits do we want to provide?What is our overall compensation
philosophy as an employer?
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What are we able to provide?
What can we afford financially?
How much cost-sharing do we want/need employees to take on?
What are the pros and consof your current program?
What is the employee cost relative to the general compensation level of your workforce?
Health
Deductible
Out‐ofPocket
Office & ER co‐pays
Rx
Retirement
Employee Contribution/Employer Match
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Health Plan Utilization Data:
Loss ratio for past 3 years (cost: premium)
What percentage of employees use benefits?
What percentage of employees have family coverage?
What percentage of employees use
benefits but pay only office co-pay? (i.e. utilization does not require deductible and out-of-pocket
expenses)
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What are you learning from exit interviews? Are you losing
employees because of your benefit plans?
Generations value benefits differently – do the generations of your workforce value your benefits?
How much cost-sharing
can your employees absorb?
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Are you at risk of losing employees to the competition’s benefit package?
Bottom line …Faith-based compatibility
Expert in government regulations
Plan options
Commitment to a long-term relationship
EXCELLENT customer care
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Q&A
www.cbservices.org/selectingbenefitplans
For Questions Regarding Health Benefit Services
Contact:
or 630.378.2630
Dawn Sterland [email protected]
or 630.378.2642For Questions Regarding
Retirement Planning ServicesContact:
Jim Ceplecha [email protected]
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For the link to the handouts from today’s webinar email:
To sign up for any of our fall webinars:
cbservices.org/educationalresources.php
© 2016 Christian Brothers Services, Romeoville, IL. All Rights Reserved.No part of this presentation may be reproduced, stored in a retrieval system, or
transmitted by any means without the written permission of Christian Brothers Services.