Compensation & Benefits Exchange - Monday, November 12th
7:30 am - 8:00 am Breakfast
8:00 am - 8:05 am Chairperson's Opening Remarks
8:05 am - 8:45 am What's Your Value Proposition? Developing Modern Communication Strategies to Help Your Employees Understand & Ultimately Make Better Decisions on the Best Benefits for Their NeedsSharon Brown - Director, Benefits, Michaels
Let’s face it, healthcare and related terminology can be confusing. While you may have a great benefit plan on paper, without an effective communication strategy, your employees may not understand the terms, and subsequently, miss out on the true value. During this session, attendees will:
· Receive modern communication and branding techniques that are sure to grab the attention of all employees
· Develop a step-by-step plan to emphasize the value of your benefits
· Simplify your enrollment strategy and communications
· Improve accessibility through enabling technology
Sharon BrownDirector, Benefits
8:45 am - 9:15 am "Wellness Programs Could Use a Second Opinion"Chris Martin - Executive Vice President, Precept Group
One of employers’ top concerns is the ever-increasing costs of health coverage and the affordability impact to employees’ well-being. Ironically, the highest-risk, highest-cost employees are often the most overlooked by traditional wellness programs.
Off-the-shelf wellness programs enhance a company’s culture, but may lack tangible results – what’s frequently missing is a long-term strategy that encompasses benefits, clinical perspective and health engagement to deliver measurable ROI. We’ve been treating the symptoms with the wrong prescription.
In this session you will learn how to overcome the challenge of obtaining executive support by communicating the value of integrating a culture of health with engagement strategies to bring ROI to your bottom line.
Why just focus on the healthy when you can improve outcomes and lower cost?
Chris MartinExecutive Vice President
Master Class9:15 am - 10:00 am Learn It. Know It. Live it - Engaging Stakeholders and Building Consensus for Financial Wellness Adam Hills - SVP, Head of Product Strategy - Wellness, AYCO
An Aon Hewitt survey referenced in U.S. News and World Report stated that over 90% of U.S. employers expected to create or expand financial wellness efforts for their employees. In a crowded field of providers offering financial education, literacy and wellness, how do companies navigate and make an informed selection? How do they build internal consensus on a strategy that aligns corporate goals with employee needs? Do program features, components and overall design impact employee engagement, ROI and corporate goals? Financial wellness program designs vary greatly, and it’s critical to find the right fit for your company culture.
We will share lessons learned working with companies in multiple sectors on how to define, design and deploy an effective financial wellness program.
· Learn tactical ways to build internal consensus
· Hear how organizations from different sectors engage their employees in financial wellness
· Understand common pitfalls in deploying financial wellness
· Look beyond basic program components and focus on program designs integrated with business strategies and goals
· Leave with ideas on how to evaluate and design a program “right-sized” for your organization
Adam HillsSVP, Head of Product Strategy - Wellness
MasterClass9:15 am - 10:00 am The New Tax Advantage for Student Loan Benefits
Recently, the IRS issued a Private Letter Ruling stating that an employee's student loan payments can qualify that employee to receive an employer-funded 401(k) match. This groundbreaking ruling opens the door for other companies to follow suit and introduce tax-advantaged student loan benefit programs within their organization. For employers wanting to act on this new development, many questions still remain. How would such a program work, and what are the risks involved?
Join us to learn what the new IRS ruling means for your organization and how to implement a solution of your own.
Our session will provide an overview of the student loan debt crisis and how we got to where we are today. We'll take a deep dive into what the new tax-advantaged treatments for student loan benefits mean for your organization. We'll also take a look at the regulatory and legislative landscape for student loan benefits and the ways to make changes at a national level.
•Learn how to implement a tax-advantaged student loan benefits program in your organization
•Learn how you can help change the tax treatment for student loan benefits at both a regulatory and legislative level
•Learn how to determine the prevalence of student loan debt within your organization
10:00 am - 10:30 am Business Meeting
10:30 am - 11:00 am Business Meeting
11:00 am - 11:15 am Networking Break
11:15 am - 12:00 pm Panel: Goodbye Empty Promises & Outdated Reward Programs: Using Modern Approaches & Analytics to Turbocharge Rewards & RecognitionAjay Madiah - Senior Director, Global Rewards, McDonald's Corporation
Nick Rettenmyer - VP, Total Rewards Consulting, Nike
Eric Wohl - SVP, Human Resources, Dish Network
Do you know the goals of your rewards program and have they shifted since you first adopted them? How is your workforce responding to recognition? What process do you need to improve? As technology improves and the capabilities of our programs mature, program design must evolve as well. During this panel, attendees will learn how to:
· Reinvent rewards and recognition for increased agility
· Manage intrinsic and extrinsic motivation
· Make better use of your total rewards data to build a strategy that is employee-centric and cost effective
· Utilize data to understand how engaged your company is with your recognition program
· Utilize technology to make your programs trackable and agile
Ajay MadiahSenior Director, Global Rewards
Nick RettenmyerVP, Total Rewards Consulting
Eric WohlSVP, Human Resources
12:00 pm - 12:30 pm Healthcare: Second Highest Employee Cost Seldom Reviewed & Hiding in Plain SightJim Arnold - Founder and CEO, finHealth
It’s estimated by experts that $1 out of every $3 spent on healthcare is wasted. Healthcare costs are a significant expenditure for self-insured organizations and in fact, represent one of the largest budgeted costs. You are entrusting your healthcare checkbook to a third-party administrator (TPA), who is generally NOT aligned to reduce your costs. In addition, the TPA has numerous, often undisclosed ways to profit from their relationship with you as a self-funded plan over and above “Per Head” fees. Because of the escalating medical and pharmaceutical costs, the high rate of billing errors, large variations in pricing for the same procedures in the same geographic area, and the overall lack of transparency over “your” data, we recommend this session to arm you with facts and strategies to make better healthcare decisions and save your organization money.
•Are you paying prices at or below market rates and only for eligible employees, spouses, and dependents?
•Do you use analytics to target savings opportunities and improve the quality of your employees care?
•Is your TPA following guidelines established by the American Medical Association and reviewing claims for errors such as incorrect coding, medically unlikely, and age/gender conflicts?
•Do you verify that you are receiving strong value for your healthcare dollar?
•Do you require full disclosure of any and all fees included in your contract with your TPA?
•What’s lurking in your TPA agreement that’s not in the best interest of your company?
Jim ArnoldFounder and CEO
12:30 pm - 1:30 pm Lunch
1:30 pm - 2:10 pm Driving Employee Healthcare Forward: You Don't Have to be Amazon-Size to Take Control of Your Investment
When Amazon, Berkshire Hathaway, and JPMorgan Chase announced their joint healthcare venture earlier this year, executives everywhere started paying attention. From ballooning costs to poor member experiences––CEOs, CHROs, and CFOs alike are tired of funding a broken healthcare system that isn’t designed to take care of their employees. The good news? You no longer have to be a corporate giant to take control of your healthcare investment. With new technology innovations and programs, employers like Jazz Pharmaceuticals are changing the employee experience with personalized benefits programs that maximize the value of their total investment. Join us for this session to learn how to:
•Embrace workforce health as a core aspect of your human capital strategy
•Help your employees better navigate the healthcare system–improving outcomes and reducing costs
•Measure the success of your total healthcare investment
2:10 pm - 2:45 pm Panel: Embracing the Consumerization of BenefitsDavid Halleck - VP, Compensation & Benefits, GM Financial
Vagelis Kontopos - VP, Compensation & Benefits, The E.W. Scripps Company
Dr. Al Gorriaran - SPHR SHRM-SCP, Core Faculty, Capella University School of Business
Traditional benefits are no longer enough to compete in what is the most aggressive talent market since 2007. Today’s workforce wants their benefits options to mirror their everyday options. This means, choice, personalization and maximum value. During this session attendees will learn about the emerging benefits strategies and the tools that can help you deliver a program that keeps pace with changing employee needs.
- Begin with an update on employee benefit trends built for the new workforce
- Redefine your employee value proposition through competitive voluntary benefits and other perks
- Focus on innovative benefits that facilitate work/life integration, growth and development , and promote shared values
- Highlight new frontiers in health and wellness programs
- Learn how education benefits and professional development lead to employee retention and business results
David HalleckVP, Compensation & Benefits
Vagelis KontoposVP, Compensation & Benefits
The E.W. Scripps Company
Dr. Al GorriaranSPHR SHRM-SCP, Core Faculty
Capella University School of Business
2:50 pm - 3:20 pm Business Meeting
3:20 pm - 3:50 pm Business Meeting
3:50 pm - 4:15 pm Networking Break
4:15 pm - 5:00 pm When It's Working at Home, It's Working at Work
Organizations that recognize the value of focused and engaged employees stay a step ahead in every aspect of human capital management. By actively addressing work-life conflict, employers of choice are helping employees stay present productive and engaged – with peace of mind at home, they’re able to bring their best selves to work. Join this executive boardroom to explore and share innovative ideas to empower and positively impact employees, their families and ultimately your business.
5:00 pm - 6:00 pm How an Effective Pay Equity Strategy Translates to Competitive AdvantageLisa Yeager - Program Director, Total Rewards Strategy & Design, Intel
Pay equity is getting a lot of attention these days. It regularly makes headlines in the press, and legislation is emerging all around the world. Some people speculate that Pay Equity will have a significant impact on how pay is managed in the future, and many companies are still deciding how to navigate this evolving terrain. Join this session to learn about the advantages of establishing a strong pay equity strategy, as well as some of the challenges.
Lisa YeagerProgram Director, Total Rewards Strategy & Design