HR Digest

In this issue

  • Human-centric health
  • Understanding product offerings and choices on a private exchange
  • Total compensation management

Human-centric health

Diabetes, heart disease and other noncommunicable diseases continue their rise around the globe. Can technology, big data and behavioral economics reverse the trend? The World Economic Forum partnered with Willis Towers Watson to find the answer.

Understanding product offerings and choices on a private exchange

What types of decisions are U.S. employees making when they can choose from among myriad health benefit plans? The Private Exchange Research Council set about answering that question, and the results are in. Some trends:

  • System recommendations are making a bigger impact. In 2015, 38% of employees bought the plan recommended by the system’s decision support tool — a 6% increase over 2013.
  • In this era of consumer-driven health care, the use of HSAs is on the rise. The percentage of employees who enrolled in HSA-qualified health plans edged up from 38% in 2013, to 42% in 2015.
  • Employees’ purchases on private exchanges are increasing. The average number of products employees purchased on exchanges increased from 3.6 products in 2013, to 4.4 products in 2015.
Towers Watson Media

Total compensation management

Employers take heed: For workers around the world, joining an organization and staying with it is primarily about the money. And when it comes to managing compensation programs, there’s considerable room for improvement. Along with Ventana Research, we examine compensation challenges, software, communication, advice and more.
Read the article: Unlocking value from effective compensation management
Listen to the webcast replay

The importance of HR in M&A

Unless employees buy into an M&A deal’s objectives from the start — and remain committed to the deal’s vision through the close and beyond — even the best-planned transactions can slip off the rails. How do deal makers keep employee engagement strong enough to keep the deal moving toward its goals? Involve HR early in the process, and give HR executives the resources to closely monitor the people element.

January 11 webcast replay: What will tax reform and less regulation mean for retirement and compensation programs? Outlook for employers in the Trump administration — our analysis continues

In the newly minted administration, how soon will we see changes to tax rates and regulations on the fiduciary rule, pay ratios and other things that affect your retirement and compensation programs?
Missed our January 11 webcast? Here’s a sampling of insights from the discussion:

  • Before tax reform gets under way in earnest, more favorable pension P&L costs will mean greater incentive for employers to contribute to pension plans and greater flexibility to consider de-risking actions.
  • Potentially higher interest rates and lower tax rates will increase employees’ confidence in their retirement readiness — though uncertainty about medical coverage will cut into that confidence.
  • Employers can assume the CEO pay ratio disclosure will be required in 2018 proxy filings.