stethoscope and piggy bankCompensation and Strategy: Controlling Benefits Costs
The ability to adequately control employee benefit costs today is often the difference between organizations that are successful and those that are not.
This is even more complex with the recent governmental focus on health insurance and the attempts to roll back the Affordable Care Act. If you are interested in mandated health insurance in the U.S., a Google search will result in several sources; for example:
Levy, N. and Kim, K. (July 2017). A side-by-side comparison
of Obamacare and the GOP’s replacement plans (2017). The
Los Angeles Times. Retrieved from
For this assignment, you are asked to write a blog discussing:
1.How health insurance benefits impact (a) an organization’s business results, and (b) employee wellbeing.
2.Discuss how businesses today attempt to control their health insurance costs while still using benefit packages as recruitment and retention tools.
3.Give practical examples and real-life business examples of health insurance benefit best practices (include employer names from your readings/research).
Analyze the importance of Social Security benefits (retirement income, life insurance, disability income and Medicare).
1.Give an overview of what each offers for employees.
2.Which of these are most critical for employees? Why?
3.Which carries the highest cost for employers? For the public? Discuss.
Step 1) Select a country (NOT the United States, Canada, Mexico, or China). Look up information about employee benefit practices in that country. Select specific employee benefits and compare and contrast them with similar benefits in the United States. Provide industry and/or employer examples (by name), if possible. Select a different country than your classmates. Also focus on different benefits (if possible) than those chosen by your classmates.
Benefits illustrationStep 2) Answer the following 5 questions using question and answer (Q&A) format for your response; in other words, include the original question along with your response. Within your post support your responses with information from at least 2 reputable sources (library and/or Web-based), and provide the full citation at the end. Use APA format for your references. Share your own personal experiences if applicable.
1.What country other than the United States, Mexico, Canada, or China did you analyze?
2.What specific benefit did you analyze? Describe it.
3.How does the benefit work in the United States?
4.How is the benefit in the country identified in Question 1 similar to the benefit in the United States?
5.How is the benefit in the country identified in Question 1 different from the benefit in the United States.