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A single, integrated program offering that addresses multiple needs can simplify navigation. 2.

Kopsch said the sector has for years over-relied on two maxims: 1) pay a steady wage; 2) wait and see.

In June, it announced plans to trim an additional 200 jobs, or 2% of its workforce.

Sickness or Disability When an employer has 1) a PTO plan that can be used for sick days and 2) the employee is not yet eligible for that PTO or has exhausted that bank, then the employer may dock the employee’s salary in full-day increments only.

Risk 2: Narrowly Defined Value Prioritizing one skill over other competencies risks defining the value you place on employees' abilities too narrowly.

By meeting regularly and following structured processes, the committee ensures sales compensation adjustments are handled consistently, transparently and in alignment with guiding principles. 2.

After a widespread disaster, many insurance companies will send claims representatives onsite — in mobile claims units or catastrophe response teams — to help facilitate damage reporting and expedite claims. 2.

From a sales incentive rewards perspective, the key to better adoption will be understanding how reps utilize these technologies within the sales process and build tactics and rewards to support the use of technology. 2.

Top priorities this year include equipping managers to use performance management more effectively, make better compensation decisions and communicate rewards more effectively (see Figures 2 and 3).

To lower costs, the WTW survey found : ;73% of employers plan to carve out pharmacy benefits over the next few years ; ;51% expect to adopt plan design or network strategies that steer employees to lower-cost or higher-quality providers, sites of care ; ;34% of employers plan to shift costs to employees through premium contributions ; ;2 7% would consider a smaller PBM (pharmacy benefit manager) that offers alternate pricing models. ; ; Ihrke also offered these strategies to help employers respond to rising overall healthcare costs : ;Modernize plan offerings to optimize high-performing healthcare delivery strategies, coupled with options that meet individual needs from affordability to savings. ; ;Evaluate vendor partnerships by conducting analytic performance reviews, audits and marketing to identify the best financial optimal partners to meet objectives . ; ;Prioritize micro-strategies for the key cost drives balancing attraction and retention.