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OUTSOURCING EMPLOYEE BENEFITS PowerPoint Presentation
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OUTSOURCING EMPLOYEE BENEFITS

OUTSOURCING EMPLOYEE BENEFITS

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OUTSOURCING EMPLOYEE BENEFITS

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  1. OUTSOURCING EMPLOYEE BENEFITS Allison Arunski, Kelsey Hume Max Holl, Kelly Guion, Chad Wolk

  2. Host: Alex Trebek • Today’s Guests: • Allison • Hewitt Associates • Max • Patterson Smith Associates • Kelsey • Benefit Planning Consultants

  3. 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

  4. $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.

  5. 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

  6. $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.

  7. 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

  8. $300 These are the three broad categories of programs offered in the marketplace for outsourcing of employee benefits.

  9. 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

  10. $400 The Defined Contribution Outsourcing program establishes administrative control over this comprehensive service.

  11. 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

  12. $100 Which of these is not an outsourcing employee benefit: Cost Reduction, Focuses on Differentiation, Expert Advice, or Consistency throughout the organization.

  13. 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

  14. $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.

  15. 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

  16. $300 This is the result of outsourcing to a large-scale vendor to provide up-to-date technology at a low cost.

  17. 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

  18. $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.

  19. 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

  20. $100 Outsourcing firm does not provide value and actually increases ______.

  21. 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

  22. $200 In-house HR provides exceptional benefits packages and employee perception of these benefits is positive.

  23. Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $200 $200 $300 $300 $300 $400 $400 $400

  24. $300 When employees feel their benefits are not being provided or protected. Employees have feelings of _______.

  25. Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $200 $200 $300 $300 $400 $400 $400

  26. $400 This HR tool has the greatest future potential for benefits services to be kept in-house.

  27. Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $100 $200 $200 $300 $300 $400 $400

  28. $100 These costs include: Staffing, technical support, system costs, incidental costs, legal costs, tax implications, and communication costs.

  29. Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $200 $200 $300 $300 $400 $400

  30. $200 When a company does this, it uses a single vendor to manage all aspects of its HR department.

  31. Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $200 $300 $300 $400 $400

  32. $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:

  33. Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $200 $300 $400 $400

  34. $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.

  35. Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $100 $200 $300 $400

  36. $100 Central Location for Employees of outsourced HR departments to voice concerns and receive answers to questions.

  37. Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $200 $300 $400

  38. $200 This is a 24/7 support tool for Employees to manage their benefits without personal assistance.

  39. Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $300 $400

  40. $300 These plans result from communication between clients, outsourcing firms, and insurance providers to put together a complete benefits package.

  41. Outsourcing Jargon Benefits of Outsourcing Why to stay In-House Outsourcing Considerations Outsourcing Details $400

  42. $400 This results in higher productivity, allowing for more time to strategize.

  43. TOTALS KELSEYMAXALLISON $1300 $1700 $2000

  44. 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.

  45. KELSEY What is E-HR Technology? $1000

  46. MAX What is Selective Outsourcing? $1700

  47. ALLISON What is Total-Benefit Outsourcing? $1699

  48. JUDGES RULING

  49. And the WINNERS is….. ALLISON