Multi Year Strategic Plan

Page 1

2022 – 2024 Strategic Roadmap Guiding Principles: 1. 2. 3. Strategy Focus

Key Objectives

Develop consumer centric plan via simplified communication and execution (with product launch discipline) Link all benefit strategies to business & workforce needs Evolve HR function to (a) run as efficiently as possible, (b) maximize current offerings and (c) enhance for the future Q4 2021

Deliver Mental Health & Family Expansion communication kit outlines Enhance the Employee Experience

Simplify the employee experience making benefits easier to understand and access

Finalize Mental Health & Family Expansion communication kits Present EE Engagement Team Utilization

Q1 2022 Messaging re survey results & GG Action Launch Mental Health & Family Expansion communication kits Deliver Benefit Literacy (HRA focus) communication kit outline

Q2 2022 Launch Illness & Retirement communication kits Deliver Illness & Retirement communication kit outlines Finalize Illness & Retirement communication kits

Q3 2022

Q4 2022

Deliver New Hire communication kit outline Finalize New Hire communication kit Launch New Hire communication kit

Launch Benefit Literacy communication kit

FSA Open Enrollment Send dental RFP to market Execute Core Benefits with Discipline

Deliver best-in-class benefits while implementing strategic solutions to contain costs

Pre-Renewal Strategy Meeting

Review dental RFP results

Launch new dental plan, if app.

Implement new carrier, if app.

Rollout HDHP & HSA

7/1 Renewals – RFP to market Review RFP results

Decide Pre-65 Retiree eligibility & effective date Drive Culture through Benefit Enhancements

Make proactive & data-based enhancements to support culture and to recruit & retain talent

Decide Part-Time benefit program, eligibility, contributions & effective date Incorporate enhanced EAP communication in Mental Health communication kit

Make Technology an Enabler

Begin HSA Education

Receive OE campaign

Launch Retiree Benefit Program

Facilitate Mental Health RFP

Launch PT Benefit Program

Review RFP results & interview vendors

Launch Mental Health Strategy

Implement Family Forming Benefits for 1/1/23 if applicable

Facilitate Family Forming Benefits Due Diligence

Launch Enhanced EAP Present Mental Health Landscape & Continuum Determine strategic direction for Mental Health

Implement EE Engagement tool for 1/1/23 effective date

Facilitate EE Engagement tool RFP (if applicable)

HORAN RESPONSIBILITY

Evaluate wellness strategy independent of EA

Review OE campaign

Complete EE Engagement needs analysis via Shortlister survey

Leverage technology to improve user experience as well as administrative efficiencies

COLOR KEY

Build OE Campaign

Initiate Self-Funding Education

CLIENT RESPONSIBILITY

Launch EE Engagement tool

Facilitate HRIS/Payroll Technology Gap Analysis

EMPLOYEE EXPERIENCE


2022 – 2024 Strategic Roadmap Guiding Principles:

Strategy Focus

Key Objectives

2023

2024

Employee Survey to identify strategies for 2024 Enhance the Employee Experience

Simplify the employee experience making benefits easier to understand and access

Medical carrier market bid – fully insured & self funded Potential transition to self-funding 7/1/2023 Execute Core Benefits with Discipline

Deliver best-in-class benefits while implementing strategic solutions to contain costs

Self-funded data analysis to drive plan design and programming decisions

HORANalytics® introduction

Assess current benefit programs and determine enhancements for 2023 & 2024

Drive Culture through Benefit Enhancements

Make proactive & data-based enhancements to support culture and to recruit & retain talent

Make Technology an Enabler

Leverage technology to improve user experience as well as administrative efficiencies

HRIS/Payroll RFP (Q1)

COLOR KEY

HORAN RESPONSIBILITY

CLIENT RESPONSIBILITY

EMPLOYEE EXPERIENCE


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