Question & Answer: A company currently spends over $1 billion in health-related areas. The company…..

A company currently spends over $1 billion in health-related areas. The company has multiple locations.

The VP of HR has been tasked with:

•       Developing a strategy to improve employee health, reduce costs, and limit the company’s risks.

•       Linking the health-care strategy to corporate strategy.

1.How should the VP of HR develop a health-care (HC) strategy that will link with the corporate strategy?

a.Benchmark the HC strategy against industry practices.

b.Align the HC strategy with the organization’s human capital vision and mission.

c.Focus on developing the most cost-effective HC strategy.

d.Focus on understanding and satisfying senior management’s desires.

2. How should the VP develop the health-care strategy to ensure that it

addresses the health needs of the employees?

a.Listen to the water cooler talk from employees.

b.Conduct focus groups with random samples of employees.

c.Survey the entire workforce about health needs.

d.Evaluate the data from the annual report on the employee assistance program.

3. What can HR do to ensure that the new health-care strategy is understood and the benefit is used effectively by all employees?

a.Develop and mail health-care brochures to each employee’s home.

b.Send a mass e-mail to all employees about the new health-care system.

c.Conduct a health fair at each location and present the new benefit.

d.At each location, introduce providers and lead Q&A sessions with all employees.

Answer the following three questions by selecting one appropriate answer for each with reasoning. (HR strategic planning)

Expert Answer

Answer

1.How should the VP of HR develop a health-care (HC) strategy that will link with the corporate strategy?

Correct option:- b. Align the HC strategy with the organization’s human capital vision and mission.

Reason:- When the health care policies will be aligned with the organizational mission and vision, the firm will be able to attain its long term objectives and facilitating the greater results from these HC strategy as this will help the firm to accomplish its goals.

2. How should the VP develop the health-care strategy to ensure that it

addresses the health needs of the employees?

Correct Answer:- b. Conduct focus groups with random samples of employees.

Reason:- By having the small focus groups which have the participation of all the employees will facilitate the opinions and requirements of different segment of employees.

3. What can HR do to ensure that the new health-care strategy is understood and the benefit is used effectively by all employees?

Correct option :- d.At each location, introduce providers and lead Q&A sessions with all employees.

Reason:- QnA round will ensure hat all the doubts of the employees are cleared and this will allow the workers to use the benefits to fullest.

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