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How Employers Evaluate, Select, Enroll and Administer Voluntary Benefits Programs

Friday, October 26, 2012

10:30 AM – 11:20 AM
Track: Voluntary Benefits | View Track
The process of selecting a voluntary benefit varies from organization to organization and size of the organization. Internal benefits needs assessment is usually carried out by HR after taking into account the needs of employees and desired change the HR like to accomplish. Once the needs assessment is done, there will be a process that includes an RFI or straight to an RFP (with plan design details). The procurement process also varies. The public sector procurement process is quite different from the private sector. After the due selection process, the benefit carrier will have detailed implementation meeting with HR to go through a project implementation plan that includes—communication, enrollment, payroll interface, reconciliation, premium payments etc. The evaluation is a continuous process to see that the benefits offered are in line with the HR goals as well business strategy.

 

 

 

 

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