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The CEO and Board of Directors of your company are seeking ways to offer more options to the current compensation and benefits package. The goal is to attract more highly skilled individuals and sustain the company’s competitive edge. As Compensation Manager, you are tasked with recommending additional benefit providers in three areas. 1) Pension, 2) Healthcare coverage, 3) Dental benefits.
1.Please research and provide three financial investment companies that can be used as an option for employees to contribute to their retirement plans. The company will still match 50% up to the legal limit. Please provide a brief description of each company, i.e. history, value, ranking, etc.
2.Please research and provide three healthcare providers that employees can select for their healthcare provider. The company will still pay its portion of the premium (80%). Please provide a brief description of each company, i.e. history, track record. etc.
3.Please research and provide three dental providers that employees can select for their dental coverage. The company will still pay its portion of the premium (80%). Please provide a description of each company, i.e. history, track record, etc. NOTE: Orthodontia is usually a deciding issue on whether employees choose such coverage, so if it is not offered OR it is not available immediately to employees or children, that should be also considered.
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