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Related Experiment Videos

Benefits management beyond the adding machine: using integrated, worker-specific analysis.

H H Gardner1, B D Gardner, R J Butler

  • 1OCI, USA.

Benefits Quarterly
|February 8, 2000
PubMed
Summary
This summary is machine-generated.

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Modern employee benefits management needs an integrated, worker-specific approach, moving beyond outdated methods. This shift, leveraging technology, can significantly impact employee benefits costs.

Area of Science:

  • Health Economics
  • Human Resource Management
  • Information Technology in Benefits Administration

Background:

  • Current employee benefits practices often overlook technological advancements, relying on traditional "adding machine" cost calculations.
  • There is a gap in leveraging modern information technology for optimizing health care benefits and overall employee benefits management.

Purpose of the Study:

  • To advocate for an integrated, worker-specific approach to employee benefits management.
  • To demonstrate the potential of modern information technology in reshaping benefits practices.
  • To analyze the impact of human resource and risk management on worker benefits costs.

Main Methods:

  • Utilizing quantitative illustrations to present an integrated benefits management approach.

Related Experiment Videos

  • Conducting a benefits Pareto analysis to highlight key cost drivers.
  • Empirical analysis of human resource/risk management practices' influence on benefits costs.

    • Main Results:

    • The integrated approach offers a more effective framework for modern benefits environments.
    • Benefits Pareto analysis provides quantitative insights into cost-saving opportunities.
    • Human resource and risk management strategies significantly influence worker benefits expenditures.

    Conclusions:

    • An integrated, worker-specific strategy is essential for modern employee benefits.
    • Information technology integration is crucial for optimizing benefits management.
    • Effective human resource and risk management practices can substantially reduce worker benefits costs.