A company currently spends over 1 billion in health-related, Ask an Expert

Management Studies

A company currently spends over $1 billion in health-related areas. The company has multiple locations.

The VP of HR has been tasked with:

• Developing a strategy to improve employee health, reduce costs, and limit the company’s risks.

• Linking the health-care strategy to corporate strategy.

How should the VP of HR develop a health-care (HC) strategy that will link with the corporate strategy?

1. Benchmark the HC strategy against industry practices.

2. Align the HC strategy with the organization’s human capital vision and mission.

3. Focus on developing the most cost-effective HC strategy.

4. Focus on understanding and satisfying senior management’s desires.

Select three answers with reasoning.(Human Resources)

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HR Management, Management Studies

Category:- HR Management
Reference No.:- M92500103

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