Tuesday, August 18, 2009

Benefits Management

  • Establish stronger controls over accounting for fringe benefits
  • Let full-time classified staff work 10 months without loss of health benefits during the remaining two months
  • Use managed care programs and techniques to reduce expenditures for benefits
  • Limit administrative perks
  • Eliminate lifetime health benefits for board members
  • Hire a specific person to monitor fringe benefits
  • Establish controls over handling of Workers’ Compensation claims
  • Have employees voluntarily take from one to 20 days off per year without pay while retaining benefits

A notable hedge of ancient yew
Conceals the house from public view;
Within the house a private room
Conceals a public man of whom
The public image, distant, cold
Conceals, they say, a heart of gold;
But what the heart of gold conceals
No one, no one at all, reveals.

-E.V. Milner, Open to Visitors

1 comment:

  1. Most institutions have a compensation philosophy to pay a lower base salary but have more generous benefits than the market place. Total compensation – base salary, benefits, and other perquisites – may be highly competitive, however.

    ReplyDelete