In this article I explore the dangers of only focusing on Operational and Design improvement in an ad hoc manner rather that charting a holistic view, facilitating both Operational Excellence and real Strategic evolution, with correct governance, proper risk/return tracking and full use of automation and digitalisation.
Who should Read?
* If you are embarking on a new flex system. If your benefits are not harmonised. If you are in more than one country.
What is Important?
* It is important that you set very clear Policies, Protocols and Governance Structures otherwise you are in danger of making statements you will not deliver and that erodes employee perceptions of the employer benefit value.
What will it Tell me?
It will give you 5 rules to chart the perfect course.
Defines the Chief Benefits Officer role, covers the necessary skills and gives a Checklist for use in this age of complex Benefits.
Who should Read?
*If you are finding your Benefit programs uncoordinated in need of strategic and financial discipline then read.
What is Important?
* You need a special set of skills to properly run Benefits namely: Influence, Technical and Commercial. A lot of emphasis is on Execution but a CBO bring executing with purpose (adds the Tactical).
What will it Tell me?
It will give you the skill set for the right CBO and the checklist.
Your Benefits say more about your Company than perhaps you think what would it say if you replaced them?
Who should Read?
*Perhaps you have had a CEO or CPO ask you "Why have benefits at all?" - if so read on.....
What is Important?
* Will tell you why Benefits still have a purpose and are vital but the offering is rapidly changing and needs modernisation.
What will it Tell me?
*Will present the case to defend Benefits and stat introducing the new world.
This was one of my first "articles" for SJFBENCON written back in 2016. It was actually a marketing brochure, trying to present what I was doing.
I am an actuary and so I do have a certain way of thinking but I do not want to be amongst the actuaries “sitting in the corner being clever with themselves" (Paul Keating Former Australian Prime Minister - minuted Transactions 1992 The Institute of Actuaries of Australia).
Who should Read?
* In this environment where data and being able to get information from it is vital. This paper will help you understand the type of analysis you should be doing. You need to democratise information and research.
What is Important?
* This will end getting pushed into a position by parties with better information than you. It will halt unwelcome surprises and put you in control of your agenda.
What will it Tell me?
Have a look at the Health Check.