Even if your small business has just one person who owns HR and one person devoted to finance, your return on investment will be greater if they work together to find the best benefits for your budget.
As a small business, it may be tough to compete with larger companies when recruiting and retaining top talent. Encourage your HR decision-maker to meet with your staff and ask for open, honest discussions. Are they happy with their plan?
If not, why? If your benefits decision-maker finds a compelling reason to spend more on a health plan, the finance staff may need to cut something else to make room.
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Perhaps consider scheduling a monthly meeting with your HR person and financial manager or have them develop a creative solution within a certain time frame for a specific project. This is a good way to get them used to interacting with each other as partners in finding creative solutions.
You can help them communicate better by getting them to understand the needs of the other, recommended the Society for Human Resource Management. For example, your finance director needs requests with clear ROI numbers and a strong cost-to-benefit analysis. If HR can show them how to make these determinations about health plans, then finance can be a more strategic partner in finding the best plans possible.
With a little creativity, your finance and HR staff can be partners in making your entire business healthier. Texas is the state with the highest uninsured rate, according to an analysis by WalletHub, a personal finance website. Gabrielle Masson - Thursday, October 10th, HHS published a five-page guide on how to safely taper patients off opioids Oct. White researchers are 1.
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