Tenure
Key consideration for workforces with longer tenure and older populations.
What is succession planning?
Evaluating Wellness solutions may not be worthwhile for an organization experiencing extremely high turnover in what tenure band.
What is 0-3 years?
This section of your workforce values more free time and prefers traditional PPOs.
What are Established and Pre-Retirement?
Oil & Gas, Drivers/Transportation, Nursing, Construction, Hospitality,
What are Key employees?
These are types of industries who experience high turnover within their population as the norm.
What is retail, drivers, hospitality, call centers, Etc...
Cost shifting program feature that is highly impactful financially but may not change outcomes for individuals it applies to.
This feature is valued by both Entry-Level and Pre-Retirees.
What is career recognition?
This workforce segment typically has lower need for life insurance than other segments.
What are pre-retirees?
A necessary review for employees with similar job titles but variation in pay, tenure, location and skill.
What is compensation analysis?
This type of campaign may drive higher medical claims within a plan who has high turnover and low medical utilization.
What is "Go To The Doctor" Campaign?
Workforces with higher risk of high blood pressure, diabetes, obesity and injury might be experiencing this in their working life.
What are longer hours on the job?
This career stage cares less about medical coverage and more about career growth and opportunity?
What is Entry-Level?
This program can be valuable for established and mid-career employees who have higher debts or large purchases (ex: new home) to ensure adequate coverage for their family beyond even richer Basic Life offerings.
What is Voluntary Life?
Common issue when comparing HR Goals with C-Suite Goals.
What is misalignment?
Potential explanation for gaps between tenure bands.
What is M&A activity?
Stress factors that are not medically based.
What are career, financial, community, and social?
Parental Leave policies and flexible schedules commonly appeal to these career stages.
Employers with higher turnover tend to take this approach when offering disability benefits.
What is voluntary?
What is job insecurity?
The employer costs associated with advertising/recruiting, interviewing, splitting work with existing staff, training, salary and benefits.
What are cost components of turnover?
Biggest factor in a successful wellness program.
What is leadership buy-in?
These employees lean on their employers to fill a role to help learn essential life skills such as budgeting, time management, etc.
What are millennials?
This is potential incentive for employees to continue their disability from Short-Term to Long-Term.
What is misalignment of maximums or offsets?
An organization that designs its compensation and benefits programs to be one of the most attractive in its industry.
What is an employer of choice?