EPBA-Employee Productivity Strategies - EBPA · 2015. 2. 11. · in Benefits Cost Management...
Transcript of EPBA-Employee Productivity Strategies - EBPA · 2015. 2. 11. · in Benefits Cost Management...
EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.
Employee Productivity Strategies
Real Challenges. Real Solutions. Real Results.
Today’s Discussion
Introductions
New Disability Research Findings:
Worker Productivity as the Next Frontier in Benefits Cost Management Sidelined Workers: Strategies for Getting Them Back in the Game
New Disability Research Findings: The Market for Integrated Health Care & Disability Management
Integrated Benefit Reporting & Analytics
How Can We Help You?
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Real Challenges. Real Solutions. Real Results.
New Disability Research Findings
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Worker Productivity as the Next Frontier in Benefits Cost Management
EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.
New Research on Employee Benefits
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Conducted for Prudential by the Center for Strategy Research, an independent market research firm.
Real Challenges. Real Solutions. Real Results.
Study of Employee Benefits—Today and Beyond
Key Themes The Rise of the Employee-Driven Benefits Model
Worker Productivity as the Next Frontier in Benefits Cost Management
Redefining Benefits Enrollment to Help Workers Make Better Choices
Addressing the Benefits Needs of an Increasingly Diverse Workforce
The Realities of Getting Ready for a Secure Retirement
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Source: Study of Employee Benefits: Today & Beyond, The Prudential Insurance Company of America, 2010.
Real Challenges. Real Solutions. Real Results.
Study of Employee Benefits—Today and Beyond
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Employee Benefits Objectives1. Control health care costs
2. Retain valued employees
3. Reduce benefits administration
4. Increase employee productivity 49%
Source: Study of Employee Benefits: Today & Beyond, The Prudential Insurance Company of America, 2010.
EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.7
Wellness, Preventative, and Work / Life Balance Initiatives
Employee Concerns about Wellness% “Highly Important”*
Employer Focus on Wellness Programs% “Highly Important”*
*Percent rating top-2 on a 7-point scale
Source: Study of Employee Benefits: Today & Beyond, The Prudential Insurance Company of America, 2010.
Real Challenges. Real Solutions. Real Results.
Return to Work Initiatives
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Adoption Timelines
*Percent rating top-2 on a 7-point scale
Current Degree of Use
% “Highly Successful” in achieving desired cost savings—66%*
Source: Study of Employee Benefits: Today & Beyond, The Prudential Insurance Company of America, 2010.
Real Challenges. Real Solutions. Real Results.
Sidelined Workers: Strategies for Getting Them Back in the Game
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EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.
Today’s Discussion
The Value Proposition:The Costs and Consequences of Disability Absence
A Real Solution: Strategies to Help Strengthen the Management Link
A Real Solution: Absence & Productivity Program
Questions & Answers
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Real Challenges. Real Solutions. Real Results.
The Value Proposition:
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The Costs and Consequences of Disability Absence
Real Challenges. Real Solutions. Real Results.
The Costs and Consequences of Disability Absence
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What is the cost of absence?
Source: Survey on the Total Financial Impact of Employee Absences, Mercer, October 2008.
EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.
The Costs and Consequences of Disability Absence
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Real Challenges. Real Solutions. Real Results.
The Benefits of Prompt RTW—Employers
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Real Challenges. Real Solutions. Real Results.
The Benefits of Prompt RTW—Employees
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EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.
A Real Solution:Strategies to Help Strengthen the Management Link
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Real Challenges. Real Solutions. Real Results.17
1. Add a RTW Commitment to the Company’s Culture
Real Challenges. Real Solutions. Real Results.
RTW Policy Statement
To All Employees:
[Company] is committed to providing a safe workplace for our employees.
If an illness or injury should occur, our policy is to provide opportunities for every employee to remain at work or to return to work as soon as medically possible. If you are not able to do all or part of your regular work while you are recovering, we will attempt to provide other work assignments in accordance with your doctor’s instructions.
You are urged to talk with your supervisor to determine what opportunities there are to continue working or what might be done that would allow a return to work following an illness or injury.
[Signature of President / CEO / Manager]
[Title] [Date]
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EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.
Develop a Successful RTW Program
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Real Challenges. Real Solutions. Real Results.
Develop a Successful RTW Program (cont’d)
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Real Challenges. Real Solutions. Real Results.
Develop a Successful RTW Program (cont’d)
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EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.22
2. Train Supervisors to Manage Absence and Productivity
Real Challenges. Real Solutions. Real Results.
RTW Best Practices for Supervisors
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Real Challenges. Real Solutions. Real Results.
RTW Best Practices for Supervisors (cont’d)
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EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.
RTW Best Practices for Supervisors (cont’d)
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Real Challenges. Real Solutions. Real Results.
3. Partner with the Disability Vendor
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Real Challenges. Real Solutions. Real Results.
Clarify Company Expectations
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EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.
Support Collaborative RTW Planning
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Employee
Employer
Physician(s)
1. Set Expectations
2. Assess Capabilities
3. Identify Options
4. Build Partnerships
5. Educate Claimant
6. Communicate Plans
Return-to-Work
Planning
Real Challenges. Real Solutions. Real Results.
Identify the Right Work Assignment
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Real Challenges. Real Solutions. Real Results.
Redesigned Tasks Can Speed RTW…
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EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.
A Real Solution:Absence & Productivity Program
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Real Challenges. Real Solutions. Real Results.
Absence & Productivity: Practical Solutions for Managers
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Absence & Productivity: Practical Solutions for Managers was developed by The Prudential Insurance Company of America for its Group Disability Clients.
Manager’s Kit
Manager’s Guide ■ Quick-Tips Tent Card ■ Greeting Cards & Pen
Management Training Program
Facilitator’s Guide ■Training Presentation ■ Video ■ Table Exercises
Real Challenges. Real Solutions. Real Results.
New Disability Research Findings
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The Market for Integrated Health Care & Disability Management
EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.
Benefits Integration Initiatives
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Adoption Timelines
*Percent rating top-2 on a 7-point scale
Current Degree of Use
% “Highly Successful” in achieving desired cost savings—52%*
Source: Study of Employee Benefits: Today & Beyond, The Prudential Insurance Company of America, 2010.
Real Challenges. Real Solutions. Real Results.
New Research on Employee Benefits
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Conducted for Prudential by the Center for Strategy Research, an independent market research firm.
Real Challenges. Real Solutions. Real Results.
Benefits Integration Initiatives
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Source: The Market for Integrated Health Care & Disability Management – 2010 % Integrating four or more—47%
Growth in Levels of Activity
EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.
Benefits Integration Initiatives
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*Percent rating the goal as one of their top 3
Source: The Market for Integrated Health Care & Disability Management – 2010
Four goals relate directly to Worker Productivity
Importance Ranking of Top Goals*
Real Challenges. Real Solutions. Real Results.
Data Analytics and Predictive Modeling Initiatives
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Source: The Market for Integrated Health Care & Disability Management – 2010
Data Analytics
Predictive Modeling
% “Highly Successful”in meeting
goals—91%*
*Percent rating top-2 on a 7-point scale
Medical Plan
Disability Plan
Real Challenges. Real Solutions. Real Results.
Benefits Integration Initiatives
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Source: The Market for Integrated Health Care & Disability Management – 2010
The four most “Highly Successful”relate to Worker Productivity
*Percent rating top-2 on a 7-point scale
Success in Meeting Top Goals*
EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.
Integrated Benefit Reporting & Analytics
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Real Challenges. Real Solutions. Real Results.
Integrated Benefit Reporting & Analytics
To provide clients with integrated reporting which encompasses medical, workers’ compensation, absence, disability, and other ancillary programs.
To provide consultative services to clients through medical and disability predictive modeling and benchmark data.
To support recommendations for plan, benefits, and policy changes to enable clients to improve overall benefit plan experience and reduce costs.
To offer menu-based pricing for consultative analytics or support consultants.
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Real Challenges. Real Solutions. Real Results.
Integrated Benefit Reporting & Analytics
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EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.
Integrated Benefit Reporting & Analytics
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SampleExperience for March 2006 – February 2008, paid through May 2008
ActivesExecutive Dashboard: Integrated Benefits
Real Challenges. Real Solutions. Real Results.
Integrated Benefit Reporting & Analytics
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SampleExperience for Calendar Year 2007
ActivesExecutive Dashboard: Risk Profiling
Real Challenges. Real Solutions. Real Results.
Integrated Benefit Reporting & Analytics
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Executive Dashboard: Culture of Wellness
SampleExperience for Calendar Year 2007
Actives
EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.
Integrated Benefit Reporting & Analytics
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9.1%
12.5%
7.5%
5.0%
-6.3%
19.8%
39.4%
30.0%
-13.3%
-6.2%
10.0%
20.0%
-50% -25% 0% 25% 50%
Inpatient Days per 1,000
Facility Visits per 1,000
Office Visits per 1,000
ER Visits per 1,000
Scripts Rx % Generic
Scripts Rx % Retail
STD Incidence per 100
WC Incidence per 100
STD Lost Days per 100
WC Lost Days per 100
% w ith RTW
Restricted Duty Days per 100
Plant A Cost Driver Trends
Real Challenges. Real Solutions. Real Results.
Integrated Benefit Reporting & Analytics
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HRA Risk Trend
58%60%
27%23%
17% 15%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2006 2007
Change in Risk Score
Pe
rce
nt
of
Pa
rtic
ipa
nts
Low Moderate High
-2%
+4%
-2%
Real Challenges. Real Solutions. Real Results.
Questions and Answers
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EPBA-Employee Productivity Strategies FINAL
Real Challenges. Real Solutions. Real Results.49
Group Disability Insurance coverages are issued by The Prudential Insurance Company of America, 751 Broad Street, Newark, NJ 07102. This presentation is intended to be a summary of benefits and does not include all policy provisions, exclusions, and limitations. A Booklet-Certificate, with complete information, including limitations and exclusions, will be provided. If there is a discrepancy between this document and the Booklet-Certificate issued by Prudential, the terms of the Booklet-Certificate will govern. Contract Series 83500.
This policy provides disability income insurance only. It does NOT provide basic hospital, basic medical or major medical insurance as defined by the New York State Insurance Department.
North Carolina Residents: THIS IS NOT A MEDICARE SUPPLEMENT PLAN. If you are eligible for Medicare, review the Guide to Health Insurance for People with Medicare, which is available from the company.
© The Prudential Insurance Company of America.
Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.