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OUTSOURCING EMPLOYEE BENEFITS. Allison Arunski, Kelsey Hume Max Holl, Kelly Guion, Chad Wolk. Host: Alex Trebek. Today’s Guests: Allison Hewitt Associates Max Patterson Smith Associates Kelsey Benefit Planning Consultants. Outsourcing Jargon. Benefits of Outsourcing.

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OUTSOURCING EMPLOYEE BENEFITS

Allison Arunski, Kelsey Hume

Max Holl, Kelly Guion, Chad Wolk

slide2

Host: Alex Trebek

  • Today’s Guests:
  • Allison
    • Hewitt Associates
  • Max
    • Patterson Smith Associates
  • Kelsey
    • Benefit Planning Consultants
slide3

Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

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$100

This is defined as the transfer of some or all administrative and or employee relations tasks currently performed by internal resources to a third party vendor.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

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$200

This is a combination of insourcing and outsourcing in which as third-party vendor provides certain human or technology resources as an extension of the employer’s own resources.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

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$300

These are the three broad categories of programs offered in the marketplace for outsourcing of employee benefits.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

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The Defined Contribution Outsourcing program establishes administrative control over this comprehensive service.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

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Which of these is not an outsourcing employee benefit: Cost Reduction, Focuses on Differentiation, Expert Advice, or Consistency throughout the organization.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

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$200

This benefit of outsourcing allows HR personal to concentrate on other things besides routine benefits administration and puts more emphasis on their long-term strategic human resources needs.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

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This is the result of outsourcing to a large-scale vendor to provide

up-to-date technology at a low cost.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

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The legal requirements that can uncover serious compliance problems that result in large financial penalties when a firm is not highly specialized and careful in this subject matter.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

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Outsourcing firm does not provide value and actually increases ______.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

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In-house HR provides exceptional benefits packages and employee perception of these benefits is positive.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

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When employees feel their benefits are not being provided or protected. Employees have feelings of _______.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

$100

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$400

This HR tool has the greatest future potential for benefits services to be kept in-house.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

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$100

These costs include: Staffing, technical support, system costs, incidental costs, legal costs, tax implications, and communication costs.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

$100

$200

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$200

When a company does this, it uses a single vendor to manage all aspects of its HR department.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

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$300

How do we do this? How do we measure each of the options? Are our costs forecasts good? Is the process involved by answering these questions:

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

$100

$200

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$400

How long should it take?

What are the risks?

What should we do internally?

Are all questions that should be asked when doing this.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

$100

$200

$300

$400

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$100

Central Location for Employees of outsourced HR departments to voice concerns and receive answers to questions.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

$200

$300

$400

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$200

This is a 24/7 support tool for Employees to manage their benefits without personal assistance.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

$300

$400

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$300

These plans result from communication between clients, outsourcing firms, and insurance providers to put together a complete benefits package.

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Outsourcing

Jargon

Benefits of

Outsourcing

Why to stay

In-House

Outsourcing

Considerations

Outsourcing

Details

$400

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$400

This results in higher productivity, allowing for more time to strategize.

totals
TOTALS

KELSEYMAXALLISON

$1300 $1700 $2000

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Final Jeopardy

This strategy should be used when a large-sized company is experiencing problems with employee satisfaction of benefits, and are unsure if their benefits package meets legal requirements.

kelsey
KELSEY

What is E-HR Technology?

$1000

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MAX

What is Selective Outsourcing?

$1700

allison
ALLISON

What is Total-Benefit Outsourcing?

$1699