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August 2007
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Viewpoint
Benchmarking May be Common Practice, But Is it Sound Practice?
By Robert J. Greene, Ph.D., CCP, CBP, GRP
Back to Basics
Developing and Aligning a
Benefits Strategy
Frontpage
A Report Card on Health-Care Consumerism & Employer Education
By Robert Burnett and Ruth Hunt, with members of the WorldatWork Benefits Advisory Board
The WorldatWork Benefits Advisory Board conducted a survey to gauge levels of health-care consumerism in 2004 and 2006. Have employers made any progress in developing healthier and more accountable employees? While widespread adoption of consumerism is progressing slower than expected, it is still a strong, continuing trend. This article highlights the results from the most recent survey and compares those findings to the 2004 report.
Features
How to Launch a Consumer-Driven Health Plan with a Pharmacy Benefit
By Carol Bailey
Whether you’ve recently implemented a consumer-driven health plan (CDHP) or intend to initiate one in the future, this article offers valuable insights and practical suggestions that can have a big impact on your bottom line. To gain a healthier workforce that is more productive with fewer sick days and less turnover, an employer should consider a CDHP plan where the consumer has some “skin in the game.”
Don’t Call In, Log In: Online Benefits Portals Let Employees Take Charge
By Andrew Ceccon
Are employee portals yet another example of how HR and benefits professionals are shedding the employee hand-holding of the past in favor of a “do-it-yourself” culture? Done right, the introduction of online self-service tools for benefits management needs not feel to employees like a takeaway. The author offers five tips to ensure a smooth transition from phone-based to Web-based customer service for employees.
Netflix Bucks Traditional Total Rewards
By Christina Fuoco-Karasinski
Online DVD rental company Netflix is as far away from traditional total rewards as a company can get. It’s not afraid of turnover, allows employees to determine their own ratio of cash to stock options and has no limit to paid vacation. Find out how Netflix attracts the “out of the box” thinkers who have made the company a household name.
E-mail workspan at workspan@worldatwork.org
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A New Approach to Executive Compensation
By Mark Reilly and Brian Enright
Executive pay programs are under more scrutiny than ever before. This presents the perfect opportunity for companies to rethink their compensation programs and simplify where possible. This article makes the case for simplifying and ensuring that pay truly does reflect performance.
Harnessing the Power of Workplace Relationships
By Anne Berkowitch
Savvy executives realize that relationships are key drivers of productivity, recruiting and retention. Corporate Social Networks (CSNs) allow employees across departments and time zones to share knowledge and establish relationships virtually. As the workforce evolves with globalization, virtualization and outsourcing—and as talent shortages continue—CSNs offer employers a way to increase collaboration and foster connections that will drive retention and overall employee satisfaction.
The Maturing Workforce: Career & Work-Life
Issues in Australia and Europe
By Fiona Harmsworth
To retain a mature workforce, it is necessary for organizations to rethink ways to differentiate themselves from the competition in attraction, motivation and retention so they may remain competitive. This article looks at the aging workforce in Australia and Europe and offers performance management and work-life suggestions for retaining and motivating aging workers that can be applied anywhere in the world.
Total Rewards and the Global Business Perspective
By Gareth Williams
From the pressure to generate revenue growth to changes in workforce demographics, seven global business priorities are driving the agenda for human resources in the 21st century. A survey of hundreds of organizations reveals how these priorities can be addressed through a total rewards approach to developing and retaining crucial talent.
Rules & Regulations
Action Steps for Companies to Comply with Internal Revenue Code 409A
By Judith A. Thorp and J. Roger Davis
MemberCentral
From the C-suite to the Author’s Chair, Bruce Ellig Has Helped Transform the Compensation Profession
Member Resources
Optimize Executive Compensation Design with New Executive Rewards Questionary
Focus on Ethics
Does a Greater Understanding of Pay Equal More Motivation?
(Sidebar)
News & Notes
European Commission Looking for Input on Possible
Work-Life Legislation
Snapshot
U.S. Courts • U.S.
Treasury • U.S. Department of Labor
Solutions & Services
This buyer’s guide is intended to provide total rewards professionals with information about new products in the marketplace.
From the Leadership
Anne C. Ruddy, CCP, CPCU
President, WorldatWork.
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