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Flexible Compensation Proposal
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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!
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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.
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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
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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
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Marketing Recap of survey of EDs.
Roll-out marketing must be objective and balanced.
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Flexible Compensation Proposal
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