Ask Question, Ask an Expert


Ask Business Management Expert

1-I remember in the 1990's my company at the time paid two thirds of our insurance premium. Today, my wife's employer pays zero. In addition, the ten percent deductible is now gone and we must pay $1,000 up front before the benefits kick in. That said, without flex spending, what we have is catastrophe insurance. This plan is not leading in the industry. That said: If the benefit is now a high cost, it diminishes the value and can compromise recruitment. How can companies make insurance more affordable in today's economy?
2- In many cases, the benefit package in theory adds up to 35% to your salary. If a coworker never needs to use insurance, it is difficult for them to realize how well they are actually paid. So how can companies better communicate the total compensation package and in the end, improve retention?

Second Part:

3-However, in most cases, if there was a great benefit, another benefit or salary was much less. There is a fine line with being competitive and yet maintaining costs. How should management draw this line and still attain the greatest result from their investment?

4- I wonder how the national health care plan will impact employers medical insurance plans. Will this compromise many companies benefit package?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M925377

Have any Question? 

Related Questions in Business Management

What is the relationship between an employees salary and

What is the relationship between an employee's salary and his or her feeling of worth? Explain your rationale from the viewpoints of an employee and of a manager. How can managers create a balance between the two? How ca ...

Culture and corporate ethicsrecently itt technical

Culture and corporate ethics: Recently ITT Technical institute announced that it would be shutting down it's educational centers (Korn and Jamerson, 2016). Read about it  here " ...

Describe the three managerial skills conceptual skills

Describe the three managerial skills (conceptual skills, human relation skills, technical skills) and their significances. State two strategies you could use to get better at the skill you would like to work on.

There is currently a worldwide campaign to reduce the

There is currently a worldwide campaign to reduce the foreign debt of the least-developed countries. Discuss the economic benefits of debt relief for these countries.

What is the planning process briefly explain each step in

What is the planning process? Briefly explain each step in the process.

Click the link above to submit your assignmentstudents

Click the link above to submit your assignment. Students, please review how to Submit a Clickable Rubric Assignment for more information. FINAL PAPER: World View Chart Writing Assignment This assignment uses the informat ...

In order to conduct research using human subjects a

In order to conduct research using human subjects, a university requires researchers to complete an online ethics course and then correctly respond to all of the items of the test on that material. What kind of test coul ...

You will now write an introduction stating your position by

You will now write an introduction stating your position by answering whether you think the impact European contact had on the indigenous populations of North America should be addressed as a historical question or a mor ...

Complete the following discussionsinventory management is

Complete the following discussions: Inventory management is critical to success in the simulation. With respect to your team, discuss how you decide to balance the risk of stockouts against the costs of maintaining exces ...

Given the scenario below construct a conceptual modelthe

Given the scenario below, construct a conceptual model. The Seville, Spain soccer association is renovating their soccer arena. They are adding luxury boxes that will be offered to companies. These boxes contain varying ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate