Page 9 - Lockton Total Rewards Practice
P. 9
Planning
Determining your IDEAL proile
Through a series of questions posed to your leadership, the IDEAL Proile the overall strategy you use to get the most value out of your investment.
identiies your collective belief system around how beneits should be The questions are designed to identify your philosophy on the following:
Determining ABC Company’s IDEAL Profile
offered to employees. This belief system drives what beneits you offer and inluence, disruption, economical, accountable, loyalty.
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
healthy employee toward important your employee’s differentiator or
population? financial security? not a differentiator
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
employees benefit When strategy? your workforce,
from Should an employer should employers
nontraditional considering What is the offer a plan that offer an array of
benefits (i.e., changes to your employer’s offers a broad range benefit plans that
voluntary company’s responsibility to of providers, a small meet employee
benefits)? benefits, do you dependents? group of high-
What is the consider performing needs, pay for core
benefits and
primary purpose providers, incents provide options
of offering health employee’s members to use for other needs, or
plans? disruption? high-performing stick to simple
providers (and limit
costs)? offerings?
Employees should be Benefits are a way to
ER should Influence Sensitive to Disrupting Economical Accountable for their create loyalty to
employee’s well-being employees decisions company
I D E A L
31
Overview — Lockton Total Rewards Practice 9 Lockton Companies
Determining your IDEAL proile
Through a series of questions posed to your leadership, the IDEAL Proile the overall strategy you use to get the most value out of your investment.
identiies your collective belief system around how beneits should be The questions are designed to identify your philosophy on the following:
Determining ABC Company’s IDEAL Profile
offered to employees. This belief system drives what beneits you offer and inluence, disruption, economical, accountable, loyalty.
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
healthy employee toward important your employee’s differentiator or
population? financial security? not a differentiator
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
employees benefit When strategy? your workforce,
from Should an employer should employers
nontraditional considering What is the offer a plan that offer an array of
benefits (i.e., changes to your employer’s offers a broad range benefit plans that
voluntary company’s responsibility to of providers, a small meet employee
benefits)? benefits, do you dependents? group of high-
What is the consider performing needs, pay for core
benefits and
primary purpose providers, incents provide options
of offering health employee’s members to use for other needs, or
plans? disruption? high-performing stick to simple
providers (and limit
costs)? offerings?
Employees should be Benefits are a way to
ER should Influence Sensitive to Disrupting Economical Accountable for their create loyalty to
employee’s well-being employees decisions company
I D E A L
31
Overview — Lockton Total Rewards Practice 9 Lockton Companies
