Exercise 4: Healthcare Challenges, Opportunities, Strategy and Execution
You are the Benefits Lead at a Fortune 1000 company that provides a competitive level of healthcare benefits to your employees, retirees and their families. As with other large employers, you have seen healthcare costs escalate faster than any other good or service in the economy and that expense has started to catch the eye of senior leadership. You also understand, as does the organization, the need for healthcare benefits to attract and retain the right talent.
Your Vice-President of Human Resources has approached you and requested a 1 to 2 page report on the “HR Challenges, HR Opportunities, a HR Strategy for Healthcare and the Execution of that HR Strategy”.
Your assignment for Exercise 4 is to write a report identifying 6 HR challenges and 6 HR opportunities that all businesses face as it relates to healthcare in the U.S. Then, you need to develop a specific healthcare strategy for your company and how you would implement that strategy within your organization by identifying and providing brief detail on 6 actions you would take to support your chosen strategy. Make sure you write your report in a clear, concise and carefully crafted business format.
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