OUTSOURCING EMPLOYEE BENEFITS

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• OUTSOURCING EMPLOYEE BENEFITS

Allison Arunski, Kelsey Hume Max Holl, Kelly
Guion, Chad Wolk
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Host Alex Trebek

• Todays Guests
• Allison
• Hewitt Associates
• Max
• Patterson Smith Associates
• Kelsey
• Benefit Planning Consultants

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Outsourcing Jargon
Benefits of Outsourcing
Why to stay In-House
Outsourcing Considerations
Outsourcing Details
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• This is defined as the transfer of some or all
  administrative and or employee relations tasks
  currently performed by internal resources to a
  third party vendor.

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Outsourcing Jargon
Benefits of Outsourcing
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Outsourcing Considerations
Outsourcing Details
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• This is a combination of insourcing and
  outsourcing in which as third-party vendor
  provides certain human or technology resources as
  an extension of the employers own resources.

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Outsourcing Jargon
Benefits of Outsourcing
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Outsourcing Considerations
Outsourcing Details
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• These are the three broad categories of programs
  offered in the marketplace for outsourcing of
  employee benefits.

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Outsourcing Jargon
Benefits of Outsourcing
Why to stay In-House
Outsourcing Considerations
Outsourcing Details
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• The Defined Contribution Outsourcing program
  establishes administrative control over this
  comprehensive service.

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Outsourcing Jargon
Benefits of Outsourcing
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Outsourcing Considerations
Outsourcing Details
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• Which of these is not an outsourcing employee
  benefit Cost Reduction, Focuses on
  Differentiation, Expert Advice, or Consistency
  throughout the organization.

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Outsourcing Jargon
Benefits of Outsourcing
Why to stay In-House
Outsourcing Considerations
Outsourcing Details
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• This benefit of outsourcing allows HR personal to
  concentrate on other things besides routine
  benefits administration and puts more emphasis on
  their long-term strategic human resources needs.

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Outsourcing Jargon
Benefits of Outsourcing
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Outsourcing Considerations
Outsourcing Details
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• This is the result of outsourcing to a
  large-scale vendor to provide
• up-to-date technology at a low cost.

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Outsourcing Jargon
Benefits of Outsourcing
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Outsourcing Considerations
Outsourcing Details
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• The legal requirements that can uncover serious
  compliance problems that result in large
  financial penalties when a firm is not highly
  specialized and careful in this subject matter.

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Outsourcing Jargon
Benefits of Outsourcing
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Outsourcing Considerations
Outsourcing Details
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• Outsourcing firm does not provide value and
  actually increases ______.

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Outsourcing Jargon
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• In-house HR provides exceptional benefits
  packages and employee perception of these
  benefits is positive.

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Outsourcing Jargon
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Outsourcing Considerations
Outsourcing Details
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• When employees feel their benefits are not being
  provided or protected. Employees have feelings
  of _______.

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Outsourcing Jargon
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Outsourcing Considerations
Outsourcing Details
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• This HR tool has the greatest future potential
  for benefits services to be kept in-house.

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Outsourcing Jargon
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• These costs include Staffing, technical support,
  system costs, incidental costs, legal costs, tax
  implications, and communication costs.

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Outsourcing Jargon
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Outsourcing Considerations
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• When a company does this, it uses a single vendor
  to manage all aspects of its HR department.

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Outsourcing Jargon
Benefits of Outsourcing
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Outsourcing Considerations
Outsourcing Details
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• How do we do this? How do we measure each of the
  options? Are our costs forecasts good? Is the
  process involved by answering these questions

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Outsourcing Jargon
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Outsourcing Considerations
Outsourcing Details
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• How long should it take?
• What are the risks?
• What should we do internally?
• Are all questions that should be asked when doing
  this.

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Outsourcing Jargon
Benefits of Outsourcing
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Outsourcing Considerations
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• Central Location for Employees of outsourced HR
  departments to voice concerns and receive answers
  to questions.

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Outsourcing Jargon
Benefits of Outsourcing
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Outsourcing Considerations
Outsourcing Details
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• This is a 24/7 support tool for Employees to
  manage their benefits without personal assistance.

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Outsourcing Jargon
Benefits of Outsourcing
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Outsourcing Considerations
Outsourcing Details
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• These plans result from communication between
  clients, outsourcing firms, and insurance
  providers to put together a complete benefits
  package.

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Outsourcing Jargon
Benefits of Outsourcing
Why to stay In-House
Outsourcing Considerations
Outsourcing Details
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• This results in higher productivity, allowing for
  more time to strategize.

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TOTALS

• KELSEY MAX ALLISON
• 1300 1700 2000

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Final Jeopardy

• This strategy should be used when a large-sized
  company is experiencing problems with employee
  satisfaction of benefits, and are unsure if their
  benefits package meets legal requirements.

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KELSEY

• What is E-HR Technology?

1000
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MAX

• What is Selective Outsourcing?

1700
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ALLISON

• What is Total-Benefit Outsourcing?

1699
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JUDGES RULING
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And the WINNERS is..

• ALLISON