Effective initiatives require a powerful collaboration: a company committed to excellent outcomes and advisers with deep experience and a targeted toolkit. The requirements include vigorous needs assessment, extensive benefits redesign and customized communication and training efforts. Among our typical contributions are:
Employee focus/design groups enable the company to design a customized menu to maximize satisfaction and retention in a cost efficient way. And they help identify employees in specific roles or with specialized skills whose loss poses great risk to the organization.
Creative Comp and Benefits Design
A cross-functional team collaborates on a rewards redesign. They pursue a major goal of allowing continued participation in defined benefit and contribution pension and savings plans under the same terms and conditions as full-time employees.
Work Redesign Process
Older workers worry that they may end up working full-time for reduced pay; managers are concerned that critical work might not get done. We offer a customized tool and process for collaborative work redesign. It charts the elimination of low-value work.
A great gap can exist between the hope for retiree knowledge transfer and the reality. Once more our collaborative tool and process enabled managers and employees to work together to define outcomes, timelines and metrics for the desired transfers.
The messages introducing the program at each stage need to be clear and effective across multiple channels, emphasizing a voluntary, not mandatory program. We pay great attention to informing managers and employees of essential program details.
Online Guidance and Training
There are many “moving parts” in this program. We provide live and online “one stop shop” training for end users – both potential retirees and managers. This assures consistent standards for the program and effective use of the required tools.