Collection: Reduce Your Labor Costs Series

Series Overview

Part 1 – Compensation and Workforce Composition

  • Develop an in-depth understanding of the numerous financial elements that should be considered when calculating all-in labor costs
  • Understand several internal and external factors to take into consideration when contemplating modifications to compensation
  • Compare and contrast employee/union versus company preferences with respect to compensation alternatives
  • Recognize strategic opportunities to offer lump sums and/or variable compensation versus fixed wage increases
  • Obtain a clear understanding of how changes to a company’s workforce composition can be one of the most “union-friendly” opportunities to significantly reduce and/or mitigate rising all-in labor costs over time

Part 2 – Healthcare, Pensions and Other Employee Benefits

  • Gain an appreciation for the importance of plan design decisions (e.g., employee cost share, delivery models, clinical programs) in driving overall employer healthcare costs
  • Identification of the multiple levers, strategies and tools available to mitigate rising healthcare costs
  • 3-Step analytical approach to identify key focus areas in order to facilitate potential cost reduction strategies
  • Comprehensive strategy to address high cost healthcare elements – “REDUCE” model
  • Develop win-win healthcare solutions for both employers and employees (unions)
  • Understand cost mitigation strategies for other employee benefits including; pensions, disability, life insurance, paid time off and retiree benefits
  • Learn about proven strategies aimed at reducing Other Post Employment Benefit (OPEB) obligations and costs related to retiree healthcare, life insurance and other employee benefits
2 products
  • Reduce Your Labor Costs Series:
    Part 1 - Compensation and Workforce Composition
    Reduce Your Labor Costs Series:<br> Part 1 -  Compensation and Workforce Composition
    Regular price
    $199.00
    Sale price
    $199.00
  • Reduce Your Labor Costs Series:
    Part 2 - Healthcare, Pensions and Other Employee Benefits
    Reduce Your Labor Costs Series:<br>  Part 2 - Healthcare, Pensions and Other Employee Benefits
    Regular price
    $199.00
    Sale price
    $199.00