Collection: Reduce Your Labor Costs Series
Series Overview
Part 1 – Compensation and Workforce Composition
- Develop an in-depth understanding of the numerous financial elements that should be considered when calculating all-in labor costs
- Understand several internal and external factors to take into consideration when contemplating modifications to compensation
- Compare and contrast employee/union versus company preferences with respect to compensation alternatives
- Recognize strategic opportunities to offer lump sums and/or variable compensation versus fixed wage increases
- Obtain a clear understanding of how changes to a company’s workforce composition can be one of the most “union-friendly” opportunities to significantly reduce and/or mitigate rising all-in labor costs over time
Part 2 – Healthcare, Pensions and Other Employee Benefits
- Gain an appreciation for the importance of plan design decisions (e.g., employee cost share, delivery models, clinical programs) in driving overall employer healthcare costs
- Identification of the multiple levers, strategies and tools available to mitigate rising healthcare costs
- 3-Step analytical approach to identify key focus areas in order to facilitate potential cost reduction strategies
- Comprehensive strategy to address high cost healthcare elements – “REDUCE” model
- Develop win-win healthcare solutions for both employers and employees (unions)
- Understand cost mitigation strategies for other employee benefits including; pensions, disability, life insurance, paid time off and retiree benefits
- Learn about proven strategies aimed at reducing Other Post Employment Benefit (OPEB) obligations and costs related to retiree healthcare, life insurance and other employee benefits
-
Reduce Your Labor Costs Series:
Part 1 - Compensation and Workforce Composition- Regular price
- $49.00
- Sale price
- $49.00
-
Reduce Your Labor Costs Series:
Part 2 - Healthcare, Pensions and Other Employee Benefits- Regular price
- $49.00
- Sale price
- $49.00