In my 33 years as a rewards consultant, I’ve seen a gradual shift in HR from largely a transaction-based, tactical profession to one with experts who are focused on strategy. Practitioners today are far more tuned into – and savvy about – quantitative measures for understanding program success. Today, numbers are king, but HR experts know there’s a delicate balancing act between controlling costs and keeping top talent by offering the salaries, programs and benefits that a variety of employees want.
As a result, HR practitioners today are seeking ways to optimize their company’s investment in employee benefits and create programs that are cost-effective, attractive and reflective of diverse employee needs. Our latest research underscores these issues and the need for a fresh approach:
- Employers expect total health care costs (both employer and employee) to rise 5% this year, according to findings from our 2016 Best Practices in Health Care Employer Survey. Do you know what your anticipated cost increases will be? How will these increases affect your rewards and benefits programs?
- Cost and employee engagement are key drivers of change for health care programs, according to findings from our 2016 Emerging Trends in Health Care Survey. How will you keep employee engagement high while controlling costs?
- A vast majority of employees (70%) believe their organization should understand them to the same degree they’re expected to understand external customers, based on findings from our Global Workforce Study. What steps are you taking to understand your employees’ attitudes toward your company, their needs and their preferences?
With these factors in mind, we’ll be hosting educational workshops and a concurrent session on benefits during the SHRM 2017 Annual Conference & Exhibition in New Orleans, June 18-21. I look forward to seeing you there.
Benefits Boot Camp: An Introduction to the Laws and Regulations Affecting Employee Benefits
Saturday, June 17, 1:00 p.m. to 5:00 p.m.
Co-presented by Jason Sheffield, Benefits Attorney, and Uche Enemchukwu, Benefits Advisory and Compliance consultant
The Benefit Builder Workshop: Understanding Design and Implementation of Responsive Total Rewards
Sunday, June 18, 8:00 a.m. to 12:00 noon
Co-presented by Jason Sheffield, Benefits Attorney, and Marina A. Galatro, Senior HR partner consultant
Using an Exchange to Modernize a Benefits Strategy Through Choice
Monday, June 20, 2:15 p.m. to 3:30 p.m.
Presented by Rob Harkins, Practice leader, Private Exchanges
We’ll also be at booth #1621 to discuss business challenges and the solutions we offer to help address them, such as employee pay and benefit data, talent assessments, and The HR Trove, our new online store that provides affordable, turnkey tools and products.
SHRM17 is expected to draw nearly 15,000 HR professionals. All conference registrations are managed directly by SHRM. We hope to see you there. For more information, visit our event site.