Flexible Compensation Proposal

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Presentation transcript:

Flexible Compensation Proposal

What is and Why Flexible Compensation? Objective: increase value of compensation. Value comes from choice. Supports staff satisfaction, retention, career orientation, and general morale. Turnover is expensive!

Possible Approach and Relationship Oversight team Package or individual benefits offered as an option to each CASA program. Can be cost-neutral Other HR services available.

Cost/Benefit (-) Administrative ongoing fee (+) Better group insurance rates (+) No age-banding for employee medical rates (+) Better rates under the Affordable Care Act (because of a combined CASA group rating) (+) For some programs, eliminating current outside HR administration fees. (+) Better Worker’s Comp group rates (+) Possible reduced retirement savings plan management fees

Blue Sky Package Medical (including different levels of deductible and co-insurance). Dental Vision 403(b) Savings Long-term Disability Life Insurance Flex spending/reimbursement account Vacation Additional compensation/pay

Marketing Recap of survey of EDs. Roll-out marketing must be objective and balanced.

Flexible Compensation Proposal