Lowering Healthcare Cost by Illustrating the                Results of Employee Benefits                                  ...
About the Mid-Market Corporate Benefits Summit 2013  The HR Network - marcus evans                                        ...
Upcoming SlideShare
Loading in …5

Lowering Healthcare Cost by Illustrating the Results of Employee Benefits - Tim Silvera, Callaway Golf Company


Published on

Tim Silvera, a speaker at the marcus evans Mid-Market Corporate Benefits Summit 2013, discusses how aligning the benefits and corporate strategies will help reduce healthcare costs.
Interview with: Tim Silvera, Senior Director, Global Total Rewards and HRIS, Callaway Golf Company

Published in: Business
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Lowering Healthcare Cost by Illustrating the Results of Employee Benefits - Tim Silvera, Callaway Golf Company

  1. 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 toDirector, 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 theirCompanies should align their corporate organization’s goals?benefits strategy with their corporatestrategy, so that management can Firstly, they must understand therecognize the attempts being made to Healthcare business strategy and the analyticscontrol 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 beand HRIS, Callaway Golf Company. strategy can then be crafted forHealth and wellness must be a part of employee benefits around how thethe culture and this starts from business works.communication and setting healthy a partexamples, he adds. Once this strategy is in place, a matrix can be created to track employeeA speaker at the upcoming marcus performance and reward their effortsevans Mid-Market Corporate based on the results.Benefits Summit 2013, in Las Vegas,Nevada, January 20–22, Silvera shareshis views on how a healthy lifestyle can of the What are the key developments for the future? cultureimprove employee productivity. The emergence of a different generationHo w c an com pani e s redu ce into the workforce will bring down thehealthcare costs? cost of compensation, as these workers will do a lot more for less money.Healthcare must be a part of the culturewith all employees involved. This will impact the cost structure andCommunicating with the population and the employees who have been in theexplaining that if they do not take care same position for many years.
  2. 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 For more information please send an email to info@marcusevanscy.com All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to press@marcusevanscy.comAbout marcus evans Summitsmarcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discussstrategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity toindividually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings.For more information, please visit: www.marcusevans.comUpcoming EventsCorporate Benefits Summit - www.corporatebenefitssummit.comCorporate Learning & Talent Development Summit - www.cltdsummit.comHR Summit (Australia) - www.hranzsummit.comTo view the web version of this interview, please click here: www.midmarketcorporatebenefitssummit.com/TimSilvera