Navigating Your Nonprofit s Traditional and Nontraditional Benefits in a Competitive Market MCN Annual Conference November 14-15, 2018 Phil Bushnell Managing Director, Religious & Nonprofit Practice and Area Executive VP, Gallagher Jack Duffy Consultant, Nonprofit Practice Leader Gallagher
Agenda Introductions State of the Market Challenges and Case Studies Benefits Compensation Retirement Employee Communications Workplace Culture 2
State of the Market 3
Every organization faces unique challenges and opportunities when it comes to making the workplace work better. Competitive Job Market Multi- Generational Workforce Increased Healthcare Costs Cost of Retention, Turnover 4
When it comes to attracting, retaining and rewarding top talent, what challenges does your organization face? What opportunities exist? 5
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Challenges & Case Studies 7
2018 Participating Organizations Participation 4,200+ Organizations 300+ Questions North Central South Central North East South East West 8
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Case Study #1 Compensation I. Employer Concerns A. $$$ Compensation B. Lack of Appreciation C. Turnover I. Employee Solutions A. One-on-One Enrollment 1. Objective Messaging a) Total Compensation Statements 2. Additional Offerings a) Critical Accident b) Critical Illness c) Voluntary Life 10
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Case Study #2 Workplace Culture I. Employer Concerns A. Lack of Appreciation B. Subjective Criticism C. Lack of Transparency I. Employee Solutions A. One-on-One Enrollment 1. Objective Messaging a) Benchmarking 2. Additional Offerings a) Critical Accident b) Critical Illness c) Voluntary Life 12
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Case Study #3 Employee Communications I. Employer Concerns A. Increasing Premiums B. Increasing Deductibles/OPM C. Decreasing Employer Contributions I. Employee Solutions A. Employee Meeting 1. Objective Messaging a) Benchmarking 2. Focused/Narrow Network a) Choice Mirroring b) Buy Down Cost Savings 14
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Case Study #4 Benefits I. Employer Concerns A. Increasing Premiums B. Improper Utilization C. Retirement Readiness I. Employee Solutions A. Monthly Email Campaign 1. Education a) HSA, Preventive Care, Telemedicine, etc. 2. Retirement Readiness a) Auto Enroll b) Auto Increase 18
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Gallagher offers a better approach to: Benefits Compensation Retirement Employee Communications Workplace Culture 23
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Better Emotional & Physical Wellbeing Health & Welfare Healthcare Analytics Multinational Benefits & HR Voluntary Benefits Pharmacy Benefit Management Medical Absence Management Identity Theft Workplace Flexibility Legislative Compliance Global Mobility Programs Multinational Benefit Plans Global Compliance Guidance Healthcare Reform FSA, HSA and HRA Benefit Advocate Center Accident Dental Critical Illness Workers Compensation COBRA Paid/Unpaid Time Off Dependent Care Health Management Programs Employee Assistance Plan Pharmacy Benefit Management 25
Better Financial Wellbeing Institutional Investment & Fiduciary Services Retirement Plan Consulting Executive Benefits Wholesale/ Life Qualified Plans Non-Qualified Plans Split Dollar Plans Workplace Pensions Taft-Hartley Endowments and Foundations Wealth Management Executive Planning Life, Disability and Long-Term Care Annuities Plan Design, Analysis and Governance Fiduciary Decision Making Fiduciary Process Management Manager Due Diligence and Selection Investment Manager Monitoring Investment Policy Statements Investment Allocation and Structure Socially-Responsible Investments Retirement Readiness 26
Better Career Wellbeing Human Resources & Compensation Compensation Training and Coaching Total Rewards Surveys and Analytics Physician Compensation Executive Compensation Engagement Surveys Governance Consulting Human Resources and Leadership Development Executive Search and Interim Leadership Organization Design Interim Search Succession 27
Better Organizational Wellbeing HR & Benefits Technology Compliance Communications Wellbeing & Engagement Risk Management Wellbeing Strategy and Communications Wellbeing Resource Inventory Wellbeing Tools Benchmarking Program Compliance Carrier Sourcing Employee Engagement Workers Compensation Cost of Risk Analysis Legislative Compliance Updates Healthcare Reform HIPAA FMLA Benefits Administration COBRA Decision Support Human Capital Management Leave Management Private Exchanges Gallagher Marketplace Reference-Based Pricing Spending Account Technology Community Involvement Programs 28
Thank You! 29
Consulting and insurance brokerage services to be provided by Gallagher Benefit Services, Inc. and/or its affiliate Gallagher Benefit Services (Canada) Group Inc. Gallagher Benefit Services, Inc., a non-investment firm and subsidiary of Arthur J. Gallagher & Co., is a licensed insurance agency that does business in California as Gallagher Benefit Services of California Insurance Services and in Massachusetts as Gallagher Benefit Insurance Services. Investment advisory services and corresponding named fiduciary services may be offered through Gallagher Fiduciary Advisors, LLC, a Registered Investment Adviser. Gallagher Fiduciary Advisors, LLC is a single-member, limited-liability company, with Gallagher Benefit Services, Inc. as its single member. Certain appropriately licensed individuals of Arthur J. Gallagher & Co. subsidiaries or affiliates, excluding Gallagher Fiduciary Advisors, LLC, offer securities through Kestra Investment Services (Kestra IS), member FINRA/SIPC and or investment advisory services through Kestra Advisory Services (Kestra AS), an affiliate of Kestra IS. Neither Kestra IS nor Kestra AS is affiliated with Arthur J. Gallagher & Co., Gallagher Benefit Services, Inc. or Gallagher Fiduciary Advisors, LLC. Neither Kestra AS, Kestra IS, Arthur J. Gallagher & Co., nor their affiliates provide accounting, legal, or tax advice. 30