Page 42 - Quality Industries
P. 42
Timeline and project plan
When we do it — annual strategic timeline (typical year)
• Benchmark plans features, cost,
and plan types
• Review vendor performance and
• Review prior year beneits strategy network options
results
• Identify corporate goals and • Detailed InfoLock review
objectives for beneits, wellness, • Price out potential plan changes for • Finalize renewal rates and plan
and inance following year • Renewal analysis designs
• Marketing results — inalist • Finalize budget plan year
• Explore trends in the beneits space • Explore new beneit types and meetings (as needed)
• Identify beneit and wellness programs • Robust communication campaign
strategies that align with corporate • Beneits communications strategy • Financial projections • Deine current and future beneits
objectives session • Beneits communications execution strategies
STRATEGIC
COMMUNICATION AND
STRATEGIC INITIATIVES STRATEGY EXECUTION RENEWAL AND BUDGETING ENROLLMENT
(MONTHS 1-2) (MONTHS 3-6) (MONTHS 6-8)
(MONTHS 9-12)
TACTICAL
• Review plan documents • Vendor search and meetings as • Request renewals and marketing • Open enrollment presentation and
necessary results from carriers meeting/webinar calendar
• Census request
• Maintain recurring calls • Financial impact analysis • Begin open enrollment guide • Open enrollment period —
• Complete 5500 ilings development (other collateral — assistance as needed
• Request schedule from vendors poster, post cards, etc.) • Finalize vendor implementation (as
• Create multi-year strategy • Begin vendor implementation needed)
document
• Schedule strategy meetings and
• IDEAL proile continue regularly scheduled calls
Quality Industries — Lockton Total Rewards Practice overview 42 Lockton Companies
When we do it — annual strategic timeline (typical year)
• Benchmark plans features, cost,
and plan types
• Review vendor performance and
• Review prior year beneits strategy network options
results
• Identify corporate goals and • Detailed InfoLock review
objectives for beneits, wellness, • Price out potential plan changes for • Finalize renewal rates and plan
and inance following year • Renewal analysis designs
• Marketing results — inalist • Finalize budget plan year
• Explore trends in the beneits space • Explore new beneit types and meetings (as needed)
• Identify beneit and wellness programs • Robust communication campaign
strategies that align with corporate • Beneits communications strategy • Financial projections • Deine current and future beneits
objectives session • Beneits communications execution strategies
STRATEGIC
COMMUNICATION AND
STRATEGIC INITIATIVES STRATEGY EXECUTION RENEWAL AND BUDGETING ENROLLMENT
(MONTHS 1-2) (MONTHS 3-6) (MONTHS 6-8)
(MONTHS 9-12)
TACTICAL
• Review plan documents • Vendor search and meetings as • Request renewals and marketing • Open enrollment presentation and
necessary results from carriers meeting/webinar calendar
• Census request
• Maintain recurring calls • Financial impact analysis • Begin open enrollment guide • Open enrollment period —
• Complete 5500 ilings development (other collateral — assistance as needed
• Request schedule from vendors poster, post cards, etc.) • Finalize vendor implementation (as
• Create multi-year strategy • Begin vendor implementation needed)
document
• Schedule strategy meetings and
• IDEAL proile continue regularly scheduled calls
Quality Industries — Lockton Total Rewards Practice overview 42 Lockton Companies
