Strategic Benefit Strategies That Work
Strategic benefits planning: Achieving your organization's key goals with Patrick Reid of Associated Benefits and Risk Consulting.
Session Description:
Health benefits impact an organization’s bottom line in many ways, including high-dollar premiums, talent acquisition and retention, and even workforce productivity. However, when asked if they have a strategic benefits plan, many HR and benefit professionals say “Yes, but…”. This response usually means they don’t have the strategy written down, or they don’t follow a clearly defined process. In this seminar, we will discuss how a documented, clearly defined process is essential for an effective strategic benefits plan. We’ll also explore how a high-performing benefits program ties strategy directly to your organization’s overall budget and long-term goals.
Key areas of focus at this seminar will include:
- Identifying attainable outcomes and putting them in an organized, written strategy
- Taking actionable steps to achieve those desired outcomes
- Measuring results and tying them back to the bottom line (VOI versus ROI: Value of Investment).
Attendees are invited to participate in an interactive and insightful conversation.
This event is sponsored by:
Speaker Biography:
Patrick Reid
Patrick seeks to understand his client’s objectives and collaborates with them to solve their problems. By leveraging his experience in B2B communications and business software, he brings new ideas and cutting edge technology to address old and new challenges.
Since 2008, Patrick has been collaborating with CFOs to reduce costs and help them get better value for the dollars they are spending. He works with HR professionals to deliver solutions that their previous broker did not offer, helps them attract and retain top talent and streamline administration. Patrick believes “what gets measured gets improved” — thus, the collaborative efforts he embarks on with clients can be tied to metrics, proving effectiveness or justifying a change in strategy. Moreover, he enjoys getting to know good people and delivering what he promises.
Active in his community, Patrick is a volunteer varsity football coach, board member for St. Dominic’s School Advisory, and a board member for Catholic Charities Parish Relations committee.
Specialties
- Leveraging multiple avenues of communication, including technology, to drive good consumerism of healthcare. Impacting the experience and ultimately the premium spend
- Utilizing technology to increase back-office efficiencies, ensure compliance and track progress with real-time metrics
- Calling upon vast network of industry-experts to help senior leadership clientele solve problems
- “What gets measured gets improved” — setting clear expectations with the end in mind, delivering on executables, evaluating impact with metrics
Professional accomplishments
- Bachelor of Arts in Business Administration from Marquette University, Wisconsin
- Master of Arts in Business Administration from Cardinal Stritch University, Wisconsin
- Leaders Club and Fast Track Award recipient, Associated Benefits and Risk Consulting, 2018
This session is approved for SHRM Professional Development Credits (PDCs) and HRCI re-certification credits.
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Please note:
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