Prime 8 Consulting Case Study

If the workplace of today could be characterized by a single theme, it would most likely focus on the continual presence of change. Dramatic changes in technology, the marketplace and the workforce have compelled organizations to re-evaluate not only the competitiveness of their products, but also the core ways in which work is performed. It is out of this pursuit for continued survival that organizations have been faced with the notion of varying work-schedules beyond the traditional hours of nine to five. This paper will explore the societal and business changes that have led to a proliferation in flexible work patterns. This paper will also address the benefits and disadvantages of flexible work patterns for

Cooper-Pearson’s focus was on recruiting highly intellectual men and women right out of college and willingly paid great amounts of salary for joining the company, these individuals do not have families and insurance is not so important to them at that time, but after developing a family of their own these individuals seek for coverage and when those needs are not meet they turn to other companies. For these reasons, I believe that the company should turn to a stable managed care plan in order to maintain their staffs; one of the approaches would be an improvement on customer care. The PPO plan happens to carry this message in mind since they give individuals the opportunity to make their own decisions. The plan is not as cheap as HMO, but it gives the participant the rights that they all want, and if Cooper-Pearson Sports Marketing would like to retain their employees, it is discernable that the PPO plan is the best choice for them.

Flexible work arrangements allow workers opportunity for flexible hours, ability to work from home, job

Without a good plan and package, you are unlikely to get the quality of employee that you desire. The ACA has had a considerable impact in this area. Affordable Care Act (ACA) for short, is the new health care reform law in America and is often called by its nick-name Obamacare. The Affordable Care Act helps to reform the healthcare system by giving more Americans access to quality, affordable health insurance and helps to curb the growth of healthcare spending in the U.S. The law spreads risk equally (by mandates) to all insured to end discrimination. The minimum standard of care was also mandated. Many preventative treatments and diagnostic procedures are now standard and

In our society, the increasing cost of goods and services as time passes by is not a surprise at all. What surprised me the most after reading about the health benefits of employees in the Kaiser Family Foundation 2013 is the very steep rise in the price of health insurance premiums and deductibles while having a decreased extent of coverage. In a matter of a decade, there was a 147% increase in worker contribution and 114% increase in premiums (Estes, Chapman, Dodd, Hollister, & Harrington, 2013). If this trend continues, there would be a greater health disparity and lesser accessibility to healthcare. This could result to the hesitancy to even see a primary care provider and even worse if there is a referral to a specialist, which in turn

Flexible hours, you can leave early or call in sick depending on the circumstances, which favours several lifestyle

The United States Government allows companies to reduce their tax burden if they insure a significant portion of their employees; these tax benefits mitigate the costs of offering insurance the employees (Optima Health, 2017). Another advantage is improved employee motivation and productivity. Employees feel better working for a company that cares about their health; in such a company, employees are less likely to quit and are more committed to the company goals. The company also experiences an increase in productivity due to less sick days (Bizfillings , 2014).

Employees can work part time or full time which allows for more comfort and convenience. Which often enables an employee to keep his/her day job and add on a second job.

changing working hours to fit in with, for example, school hours, college hours or care arrangements

My husband and I have tried a variety of plans throughout the years including HMOs, PPOs, and HDHPs. We have recently switched from a HDHP to a PPO. Yes, PPOs cost more, but our HDHP was costlier, and had a deductible of $6,000, with prescriptions adding an additional $2,500 deductible. With a family who has asthma and allergies, and other medical issues, having a HDHP was costlier by far. The deductible was so high, we would basically pay out of pocket for half the year or more, before we were able to see the benefits from our HDHP insurance.

There are currently have two main insurance options available for consumers, Health Maintenance Organization (HMO) and Preferred Provider Organization (PPO). Both health insurance plans are great, but we will be focusing on the plan with lower costs in general which is Health Maintenance Insurance, or HMO. HMO is an organized system of health care that offers medical services to its members on a prepaid foundation. It combines health insurance and delivery functions in an effort to keep low costs and maximize the quality care provided. There are several types of HMOs that are available: staff model, group model, network model and individual practice association, or IPA. For the staff model, physicians are salaried and have offices in HMO

From a business owner’s perspective, one of the biggest concerns regarding employee health benefits is the rising cost of health premiums. This is a legitimate concern, especially when you consider the cost of health premiums has been on a steady increase and isn’t likely to slow down any time soon.

Research into benefits of introducing a flexible schedule included a survey and reading peer reviewed reports. A survey of all one hundred employees at ABC Inc. was conducted using Survey Monkey.

The better the healthcare package the more likely the employee is to stay and the more people that will be attracted to the company. Mercedes-Benz offers a great healthcare plan simply because they offer 2 options while Cisco and USAA only offer one. Even though Mercedes offers two plans those 2 plans may not be as good as the one that Cisco and USAA offer as well so that would be a huge deciding factor as well. People want to know that they will be taken care of and that their families will be taken care of as well. By dedicating their time and skills to a company it is crucial in today’s society that a company not only treat them with respect at work but treat them generously in times of

In this era of increasing awareness and concern about the exorbitant cost of healthcare, employers have begun to apply cost-mitigation strategies to reduce the total costs of their employee health insurance policies. Some of the more typical approaches include establishing general policies and formal plans to reduce healthcare expenses, such as by promoting employee participation in their optimum health. Many employers now provide financial incentives such as by rewarding employees for participating in health awareness surveys and for signing up for health management plans. In principle, the purpose of these mechanisms is to raise health consciousness and motivate employees to participate more directly in their own health management to reduce the cost necessary to treat unmanaged diseases that could have been prevented or addressed earlier in their course of development. Many employers are also encouraging their employees to take advantage of the lower-priced consumer directed health care (CDHC) plans that both provide additional incentive and allow individuals to help control the costs of their health care services by saving the funds remaining in their annual funds at the end of the year.