Health and Welfare Plans — Strategic Planning and Design
Discover the Important Issues
This course is designed for participants seeking an opportunity to expand their understanding and practical knowledge of advanced concepts around the benefits design process. This course puts fundamental knowledge around health and welfare benefits into play by addressing advanced concepts around how to evaluate, select, design, cost and fund health and welfare programs.
Topics include strategic assessment, conducting a gap analysis, plan selection and design, costing benefits plans, funding arrangements, and gaining management buy-in and approval for implementation of the new and proposed benefits plan.
Evaluate how the overall organizational strategy, human resources strategy and total rewards strategies work together to guide benefits decisions.
Conduct a gap analysis to determine the current state of benefits offerings versus the desired state, while keeping a realistic view of potential barriers.
Analyze benefits selection and design considerations to determine if your current design is meeting the needs of your organization and decide whether these offerings are still an appropriate fit for your organization.
Examine costing considerations and estimate the costs of existing and proposed benefits plans.
Consider the different types of funding mechanisms and discuss which approach will work best for your organization.
Examine how to gain buy-in and support for the proposed plan by creating and presenting the business case for senior management.
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E-mail onsite@worldatwork.org or call 480-304-6980 to find out how you can bring this class to your location.
Key activities when updating --the benefits strategy
Determining the desired state
Selecting and Designing Benefits Plans
Bridging the gap
Scope and depth of benefits choices
Plan design considerations
Merger and acquisition considerations
Costing and Pricing
Financial parameters
Pricing process
Philosophies towardbenefits subsidies
Evaluating the durability of proposed pricing system
Funding
Funding methods
Methods of handling risk
Continuum of risk
Insured approaches
Self-insurance
Management Approval and Implementation
Senior management review
Creating the business case
Presenting the business case
Implementing the new plan
Administration considerations
General
Technology
Self-insured plans
Who Should Register
This course contains U.S.-specific content. It is designed for mid-level benefits practitioners or individuals seeking to expand their understanding and practical knowledge of the benefits design process. It is recommended that participants are proficient with the content presented in Health and Welfare Plans — Plan Types and Administration (B3).
Please note: If you are purchasing an exam option, you must schedule and complete the computer-based exam within 120 days from the first day of a live instructor-led class or from date of purchase for all self-paced learning packages. Your eligibility expires after 120 days; however, 30-day exam extensions are available for a $150 USD fee when purchased before the original access expires. It is recommended that you complete your exam in a timely manner as exams may be updated without notification. Instructions for scheduling your computer-based exam will be provided at purchase. Learn more at www.worldatwork.org/cbt. Self-study materials and all e-learning product purchases are nonreturnable.
WorldatWork classroom locations offer e-course materials technology to participants. Your certification course materials (and BAII calculator, if applicable) will be available for pick up on site the day of the course. For two-day courses, you may access the e-course materials PDF two weeks prior to the course start date or upon registration if you register within two weeks of the course.
E-learning course purchasers now have the option of print or e-course materials. Those who choose the e-course materials option will receive the materials electronically for the length of your e-learning program. Those who choose the print version of the course materials will receive it 5-7 days after date of purchase. 30-day extensions of e-learning access are available for a fee if purchased before original access expires.
Blended Learning e-course materials can be found within the product and will be available for the length of the course.
Please visit www.worldatwork.org/seminars to download course material amendments, view class rosters and to find out what to bring to your class.
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Get the best of both worlds and more! Combining learning and study preferences, Blended Learningleverages independent e-learning and collaborative traditional classroom experiences with access to additional resources.
24/7 access provides greater convenience and flexibility
Class discussion board allows access to peers and subject matter expert
Study when time allows
Integration of group and independent study
No “out of office” time needed
No travel expense.
Components of Blended Learning
All Blended Learning classes include a class discussion board, other components available within Blended Learning will vary in order to deliver the best learning experience possible. Classes may include access to components such as:
Course Credits
