Page 18 - Charter Construction
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Strategic processes and tools
02 — IDEAL Proile is a series of questions posed to your leadership that 04 — Construction benchmarking includes both internal and external
identiies your collective belief system around how beneits should be data sources speciic to the passenger transportation industry.
offered to employees. The results drive what beneits you offer, and the
overall strategy.
Sample Medical Benchmarking
Book of Business Details:
Industry: Transportation Services
Determining ABC Company’s IDEAL Profile $1,000 Enrollment Size: All Bubble size denotes enrollment volume
Plan(s): PPO, HDHP
$900
What is your view What is your Is controlling What is the Are your benefit
on promoting a philosophy costs the most employer’s role in offerings a $800
healthy employee toward important your employee’s differentiator or
population? financial security? not a differentiator $700
In addition to “benefits factor in What is your opinion from competitors?
traditional benefit equity” across delivering your on an employee’s Regarding the
packages, could employees? benefits choice of benefits? diverse needs of $600
employees benefit When strategy? your workforce,
from What is the Should an employer should employers $500
nontraditional considering offer a plan that offer an array of
benefits (i.e., changes to your employer’s offers a broad range benefit plans that HIGHER EMPLOYEE CONTRIBUTION ----- >
voluntary company’s responsibility to of providers, a small meet employee $400
benefits)? benefits, do you dependents? group of high- needs, pay for core
What is the consider performing benefits and $300 HDHP PPO
primary purpose employee’s providers, incents provide options
of offering health members to use for other needs, or HDHP Basic PPO
plans? disruption? high-performing stick to simple $200
providers (and limit
costs)? offerings? $100
Employees should be Benefits are a way to
ER should Influence Sensitive to Disrupting Economical Accountable for their create loyalty to $0
employee’s well-being employees 0.5 0.55 0.6 0.65 0.7 0.75 0.8 0.85 0.9 0.95 1
decisions company
I D E A L RICHER PLAN BENEFITS ----- >
31 Sample Client Transportation Services
ABC Company’s IDEAL Profile Sample Medical plan contribution benchmarking –Passenger transportation industry
Avg. monthly EMPLOYEE contributions by tier – (QHDHP)
$600 Avg. monthly EMPLOYEE contributions by tier – (PPO) $400
$500 $300
Your IDEAL scale aligns with the company profile of High D, High L. $400
$300 $200
Strategies that disrupt employees need to carefully weigh the reasons for a change with the impact on
your workforce. It is important that your benefits package is valued by your employees and enhances their $200 $100
engagement at work. $100 $0 $121 $259 $234 $370
$0 $151 $360 $341 $520 EE EE+S EE+Ch Family
EE EE+S EE+Ch Family
Avg. monthly EMPLOYER contributions by tier – (PPO) Avg. monthly EMPLOYER contributions by tier – (QHDHP)
$1,600 $1,400
$1,400 $1,200
$1,200 $1,000
$1,000 $800
$800 $600
$600 $400
$400 $200
$200 $627 $946 $990 $1,346 $420 $877 $794 $1,253
$0 $0
EE EE+S EE+Ch Family EE EE+S EE+Ch Family
The belief system about how benefits should be offered can vary across your leadership.
32 1
Charter Construction — Lockton Total Rewards Practice overview 18 Lockton Companies
02 — IDEAL Proile is a series of questions posed to your leadership that 04 — Construction benchmarking includes both internal and external
identiies your collective belief system around how beneits should be data sources speciic to the passenger transportation industry.
offered to employees. The results drive what beneits you offer, and the
overall strategy.
Sample Medical Benchmarking
Book of Business Details:
Industry: Transportation Services
Determining ABC Company’s IDEAL Profile $1,000 Enrollment Size: All Bubble size denotes enrollment volume
Plan(s): PPO, HDHP
$900
What is your view What is your Is controlling What is the Are your benefit
on promoting a philosophy costs the most employer’s role in offerings a $800
healthy employee toward important your employee’s differentiator or
population? financial security? not a differentiator $700
In addition to “benefits factor in What is your opinion from competitors?
traditional benefit equity” across delivering your on an employee’s Regarding the
packages, could employees? benefits choice of benefits? diverse needs of $600
employees benefit When strategy? your workforce,
from What is the Should an employer should employers $500
nontraditional considering offer a plan that offer an array of
benefits (i.e., changes to your employer’s offers a broad range benefit plans that HIGHER EMPLOYEE CONTRIBUTION ----- >
voluntary company’s responsibility to of providers, a small meet employee $400
benefits)? benefits, do you dependents? group of high- needs, pay for core
What is the consider performing benefits and $300 HDHP PPO
primary purpose employee’s providers, incents provide options
of offering health members to use for other needs, or HDHP Basic PPO
plans? disruption? high-performing stick to simple $200
providers (and limit
costs)? offerings? $100
Employees should be Benefits are a way to
ER should Influence Sensitive to Disrupting Economical Accountable for their create loyalty to $0
employee’s well-being employees 0.5 0.55 0.6 0.65 0.7 0.75 0.8 0.85 0.9 0.95 1
decisions company
I D E A L RICHER PLAN BENEFITS ----- >
31 Sample Client Transportation Services
ABC Company’s IDEAL Profile Sample Medical plan contribution benchmarking –Passenger transportation industry
Avg. monthly EMPLOYEE contributions by tier – (QHDHP)
$600 Avg. monthly EMPLOYEE contributions by tier – (PPO) $400
$500 $300
Your IDEAL scale aligns with the company profile of High D, High L. $400
$300 $200
Strategies that disrupt employees need to carefully weigh the reasons for a change with the impact on
your workforce. It is important that your benefits package is valued by your employees and enhances their $200 $100
engagement at work. $100 $0 $121 $259 $234 $370
$0 $151 $360 $341 $520 EE EE+S EE+Ch Family
EE EE+S EE+Ch Family
Avg. monthly EMPLOYER contributions by tier – (PPO) Avg. monthly EMPLOYER contributions by tier – (QHDHP)
$1,600 $1,400
$1,400 $1,200
$1,200 $1,000
$1,000 $800
$800 $600
$600 $400
$400 $200
$200 $627 $946 $990 $1,346 $420 $877 $794 $1,253
$0 $0
EE EE+S EE+Ch Family EE EE+S EE+Ch Family
The belief system about how benefits should be offered can vary across your leadership.
32 1
Charter Construction — Lockton Total Rewards Practice overview 18 Lockton Companies
