Question: Would you mind helping me please and thank you! let's pretend you've each been promoted to HR Director! : - )Your bonus this year is

Would you mind helping me please and thank you!

let's pretend you've each been promoted to HR Director! : - )Your bonus this year is based on your ability to cut employee benefit costs (not suggesting this is a "good" pay-for-performance incentive, just one you might encounter).It's fine to consider shifting some cost over to the employees but don't over do it!At least one-half of your suggestions should not touch the take-home pay of the employees.

What options do you have?What are some of the common cost-containment practices could you recommend and implement?Explain your rationale for your recommendations.

Remember, you will lead the implementation of the changes and will need to communicate the changes to employees; What will be your strategy to ensure employees understand and support the changes?

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As HR Director here are some costcontainment practices I might recommend and implement 1 Review and Optimize Benefit Plans Analyze current benefit plans to identify areas where costs can be reduced wi... View full answer

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