We all know the cost of benefits typically increase year over year. For the past three...

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General Management

We all know the cost of benefits typically increase year overyear. For the past three years, those increases to benefits costhave grown more than what is comfortable for the employer toabsorb. You are the Benefits Manager for a start-up companystruggling to survive. You know that offering benefits may help youattract, retain and motivate a workforce…but you are not so sureabout which discretionary benefits your workforce would prefer.Your company employs a diverse population of mostly youngprofessionals (in their 20's and 30's) who are not veryknowledgeable about benefits, but they think having benefits is agood idea. As the Benefits Manager, you are faced with makingstrategic and difficult choices about which discretionary benefitsto drop because funds are limited and the annual increases are justtoo high (after years of double digit expense growth indiscretionary benefits). You must make strategic choices on behalfof your organization. Rank order discretionary benefits, startingwith the ones you would most likely drop and going up toward thediscretionary benefits you would least likely drop. Explain yourreasoning why and how you chose the benefits to drop.

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Below are the the discretionary benefits in order of the requirement to dropping from the benefits policy 1 Employee loans or salary advances at 0 interest rate Employees misuse this See Answer

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