Page 11 - HealthStream

Total Rewards and Compensation Consulting Practice

Sample conjoint analysis calculator output Employee preference vs. total investment

• Survey-based exercise to determine how employees value different package summary
attributes of their total rewards program

• Employees are asked to compare two beneits packages and choose the $500 Preference value vs. total investment change per employee 1.00
total rewards package they most prefer $170.00
0.60 0.50
• Packages are reshufled throughout the survey experience to statistically $0
Change in total investment per employee -$1,000 -1.00 Change in preference value
quantify the most inluential and important parts of the package for an -0.09 0.00
individual employee -$500 -$230 -0.50

-1.50

-2.00
-$1,500
-2.50

-$2,000
-3.50
-3.47 -3.00
-$2,220
-$2,500 -4.00
Package 1 Package 2 Package 3

• Designed three total packages based on identiied goals and objectives:
− Aggressive cost reduction
− Cost reduction with minimal value impact
− Improve value with minimal cost increase

HealthStream — Lockton Total Rewards Practice overview Lockton Companies