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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
Host: Alex Trebek • Today’s Guests: • Allison • Hewitt Associates • Max • Patterson Smith Associates • Kelsey • Benefit Planning Consultants
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400
$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.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $100 $100 $200 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400
$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.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $100 $100 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400
$300 These are the three broad categories of programs offered in the marketplace for outsourcing of employee benefits.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $100 $100 $200 $200 $200 $200 $300 $300 $300 $300 $400 $400 $400 $400 $400
$400 The Defined Contribution Outsourcing program establishes administrative control over this comprehensive service.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $100 $100 $200 $200 $200 $200 $300 $300 $300 $300 $400 $400 $400 $400
$100 Which of these is not an outsourcing employee benefit: Cost Reduction, Focuses on Differentiation, Expert Advice, or Consistency throughout the organization.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $100 $200 $200 $200 $200 $300 $300 $300 $300 $400 $400 $400 $400
$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.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $100 $200 $200 $200 $300 $300 $300 $300 $400 $400 $400 $400
$300 This is the result of outsourcing to a large-scale vendor to provide up-to-date technology at a low cost.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $100 $200 $200 $200 $300 $300 $300 $400 $400 $400 $400
$400 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.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $100 $200 $200 $200 $300 $300 $300 $400 $400 $400
$100 Outsourcing firm does not provide value and actually increases ______.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $200 $200 $200 $300 $300 $300 $400 $400 $400
$200 In-house HR provides exceptional benefits packages and employee perception of these benefits is positive.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $200 $200 $300 $300 $300 $400 $400 $400
$300 When employees feel their benefits are not being provided or protected. Employees have feelings of _______.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $200 $200 $300 $300 $400 $400 $400
$400 This HR tool has the greatest future potential for benefits services to be kept in-house.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $200 $200 $300 $300 $400 $400
$100 These costs include: Staffing, technical support, system costs, incidental costs, legal costs, tax implications, and communication costs.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $200 $200 $300 $300 $400 $400
$200 When a company does this, it uses a single vendor to manage all aspects of its HR department.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $200 $300 $300 $400 $400
$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:
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $200 $300 $400 $400
$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.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $200 $300 $400
$100 Central Location for Employees of outsourced HR departments to voice concerns and receive answers to questions.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $200 $300 $400
$200 This is a 24/7 support tool for Employees to manage their benefits without personal assistance.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $300 $400
$300 These plans result from communication between clients, outsourcing firms, and insurance providers to put together a complete benefits package.
Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $400
$400 This results in higher productivity, allowing for more time to strategize.
TOTALS KELSEYMAXALLISON $1300 $1700 $2000
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 What is E-HR Technology? $1000
MAX What is Selective Outsourcing? $1700
ALLISON What is Total-Benefit Outsourcing? $1699
And the WINNERS is….. ALLISON
