Last week, after years of declining revenue, Postmedia Network Inc. released an internal memo announcing significant cuts to non-unionized employees’ benefits. At first glance, the changes appear warranted for the struggling media company. Upon closer inspection, the question isn’t whether the company should have cut benefits but rather how it could have strategically reduced health-care […]
Four short-term strategies to save on benefits plan costs
Every year, plan administrators are faced with the unique challenge of finding creative ways to control benefits costs and enhance employee value.
Fundamentally, a group health and dental program is simply a “cost-plus” arrangement.