Evaluating Your Benefits Strategy: How and What to Measure to Determine What’s Working and What’s Not
Is your benefits strategy working? If not, why not? Join us on October 24 for a free webinar on what to measure so you can evaluate the effectiveness of your benefits strategy.
Total Compensation and benefits is one of the largest items in an organization’s cash flow, yet we often have few metrics to measure the ROI of the investment. This fast-paced webinar will begin with setting “Forward looking” metrics in place, then using those identifiers as measuring tools for the effectiveness of your benefits program, and how to use them as a guide for what to upgrade, what to start doing, and what to abandon.
Karl Ahlrichs, SPHR, SHRM-SCP and Susan Rider, MBA will cover assessing your program’s effectiveness to determine if it is meeting your organization’s objectives and, more importantly, your employees’ needs. There are many moving parts and changing forces – changes in the business climate, the economy, the regulatory environment and workforce demographics all create dynamics that affect benefits offerings.
We will cover developing goals and measurements to assess the benefits programs and how to consider using external trends and benchmarking data to evaluate the effectiveness of the benefits plan.
Attendees will learn:
- Fresh thoughts on reducing the medical spend and bending the cost curve – some new programs that show promise
- Modern tools to measure program effectiveness – using “Big Data” and employee surveys
- When to implement new ideas and when to “prune” non-functioning benefits
- Aligning benefits design with a high performing culture
- How benefits administration technology can help you figure out how to adjust your benefits strategy for maximum impact
|This program has been approved for 1 recertification credit hour toward PHR and SPHR recertification through the Human Resource Certification Institute (HRCI).|
|BLR is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM‑CP or SHRM‑SCP. For more information about certification or recertification, please visit the SHRM Certification website at: www.shrm.org/certification|