Healthcare must be a part of company culture to lower costs. Communicating with employees about wellness and setting a healthy example from top management can improve productivity. Benefits should align with business strategy. The future may bring lower compensation costs as new generations value different benefits. Strategies like connecting employees to their health data and making wellness part of culture can control healthcare spending while providing shared benefits to companies and employees.

1. Lowering Healthcare Cost by Illustrating the
Results of Employee Benefits
of their healthcare issues then the In your experience, what benefits
percentage of their salary contributed to are the most and least valuable to
healthcare will increase. A habit of employees?
wellness should be modeled by top
management, for example by having Life insurance is of little value to
healthy food at in-house conferences employees. Many people have it
and in the cafeteria. because it is inexpensive, but it is much
more important to be able to protect
Programs should be put in place to allow loved ones while still alive.
people to connect with their biometrics
and make a healthy lifestyle part of the A robust and strategic long-term
culture. This will control healthcare disability benefit is of great value to
costs, with the benefits to the company employees. If they become disabled,
Interview with: Tim Silvera, Senior and employees shared. The healthier they will still have to find a way to
Director, Global Total Rewards and employees are, the more productive and support themselves.
HRIS, Callaway Golf Company involved with the business they will be.
How can benefits and compensation
executives better align to their
Companies should align their corporate organization’s goals?
benefits strategy with their corporate
strategy, so that management can Firstly, they must understand the
recognize the attempts being made to
Healthcare
business strategy and the analytics
control costs, rather than see benefits behind it.
as an additional cost, says Tim Silvera,
Senior Director, Global Total Rewards A total rewards philosophy and
must be
and HRIS, Callaway Golf Company. strategy can then be crafted for
Health and wellness must be a part of employee benefits around how the
the culture and this starts from business works.
communication and setting healthy
a part
examples, he adds. Once this strategy is in place, a matrix
can be created to track employee
A speaker at the upcoming marcus performance and reward their efforts
evans Mid-Market Corporate based on the results.
Benefits Summit 2013, in Las Vegas,
Nevada, January 20–22, Silvera shares
his views on how a healthy lifestyle can
of the What are the key developments for
the future?
culture
improve employee productivity.
The emergence of a different generation
Ho w c an com pani e s redu ce into the workforce will bring down the
healthcare costs? cost of compensation, as these workers
will do a lot more for less money.
Healthcare must be a part of the culture
with all employees involved. This will impact the cost structure and
Communicating with the population and the employees who have been in the
explaining that if they do not take care same position for many years.

2. About the Mid-Market Corporate Benefits Summit 2013
The HR Network - marcus evans
This unique forum will take place at the Red Rock Casino, Resort & Spa, Las Vegas,
Summits group delivers peer-to-
Nevada, January 20-22, 2013. Offering much more than any conference, exhibition
peer information on strategic
or trade show, this exclusive meeting will bring together esteemed industry thought
matters, professional trends and
leaders and solution providers to a highly focused and interactive networking event.
breakthrough innovations.
The Summit includes presentations on the impact of healthcare reform on
employers and employees, developing and implementing new benefit plan designs
and aligning wellness initiatives to medical plans.
www.midmarketcorporatebenefitssummit.com
Please note that the Summit is a Contact
closed business event and the
Maria Gregoriou, Journalist, marcus evans, Summits Division
number of participants strictly
limited.
Tel: + 357 22 849 400
Email: press@marcusevanscy.com
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About marcus evans Summits
marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss
strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to
individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings.
For more information, please visit: www.marcusevans.com
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To view the web version of this interview, please click here: www.midmarketcorporatebenefitssummit.com/TimSilvera