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Flexible Compensation Proposal

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Presentation on theme: "Flexible Compensation Proposal"— Presentation transcript:

1 Flexible Compensation Proposal

2 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!

3 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.

4 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

5 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

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

7 Flexible Compensation Proposal


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