Name: Designing Your Benefits Strategy: Session 2 Building the Perfect Proposal
Start: 2023-05-24T09:57:00Z
End: 2023-05-24T09:58:01.000Z
Location: BrightTALK
Rating: 0

Nava is the industry’s only benefits brokerage to fuse innovative technology and benefits expertise to make great benefits easy for growing businesses. Through delivering a better renewal strategy, benefits back-office support, and modern member support, employers turn to Nava to lower costs, delight employees, and augment HR teams. Learn more about our mission: www.navabenefits.com.

Exclusive access to an Ask Me Anything (AMA) session with Dawn Sharifan, Former SVP of People for Slack to answer all your burning questions about renewals this year.

Let's face it, benefits renewals are a tough nut to crack. Dealing with rising costs, employee needs, recruiting expectations, and the watchful eyes of the C-Suite can make your head spin.

And with good reason — the stats show that this season is predicted to bring an average rise in medical plan costs per employee of 5.6 percent*. Despite this, 2/3 of employers are planning to enhance their health and benefits offerings in 2023 to improve attraction and retention or better meet employee needs**.

But fear not, because we've got your back. We’ve tapped Dawn Sharifan, HR bada**, former SVP of People for Slack, and Nava Advisor. Dawn Sharifan is joining Brandon Weber, CEO and Co-Founder of Nava Benefits to answer the HR community’s top questions about renewals, share in a laugh about mistakes and mishaps, and remind us all of the incredible impact you have in your roles in HR.

Some examples of what we’re covering:

My team is leaner this year heading into renewals, any tips to be ultra effective with my time?
I got a super high renewal from my carrier…now what?
Any tips for presenting the renewal to c-suite?
What are best practices for pitching/requesting for more budget from finance?
What’s your favorite part of renewals/OE? Where is the joy?

We can’t wait to see you!

Consider Your Benefits Renewals Questions Answered

The majority of companies in the U.S. are overpaying for their health insurance. Much of that is due to the companies themselves selecting a suboptimal strategy for paying for benefits.

You may have heard of self-funding, but many don’t realize there’s an entire range of options between being fully-insured and the other end of the spectrum. But sorting through all the options is nothing short of confusing and if you combine that with the heavy jargon of the insurance industry it becomes a daunting task to even understand the landscape.

Which is why Nava created the ultimate guide to benefits funding strategy. Here you’ll learn the foundation of all funding options, their pros and cons and a framework to determine what’s right for your company now and in the long term. Bryan Davis and Colleen Locke with Nava and Todd Bisping with Caterpillar Inc. will unpack all the details to make you into a funding pro.

What you’ll learn:
1. The landscape of funding options; spanning from fully insured to self insured and reference based pricing (including all the options in between).
2. The pros and cons to each strategy plus a clear framework for how to determine where your company fits.
3. Tactical steps to move your ideal funding plan into action

Beyond Traditional Funding: Innovative Approaches to Employee Benefits

There are some things you just know will go more smoothly if you have a plan. Traveling with family? Absolutely. Renovating a house? Yup, that too. Benefits strategy? Without a doubt.

This program can’t help with family travel or reno disasters, but it will certainly improve your benefits experience. In this session, you’ll learn more about how to create the best benefits roadmap for the coming year, starting with step one - the foundation of your strategy - gathering the data and context. 

This is broken into 3 components:
1. Aligning with leadership on strategy, goals, constraints
2. Analysis of what you have today
3. Pinpointing what your employees want 

Walking you through this will be experts Sara Richards, Director of Benefits at Red Bull & Ellen Meza, Vice President of Total Rewards & People Operations at Crunchyroll and formerly DocuSign.

3 Essential Components to Designing Your Benefits Strategy

With hiring intensely competitive and the needs of employees vastly shifting, HR is juggling more than ever before – and the pressure is on to get it right. In order to do so, HR operators need a full 360-degree view of what benefits are available, and which ones will move the needle for their employees.

Enter the RFP (Request for Proposal). RFPs can vet the benefits chops of brokers and providers you're considering, but even the smoothest RFP process is tedious and time-consuming.

Watch this webinar to hear two industry experts – Nava's CEO & Co-Founder, Brandon Weber, and Director of Talent and People Operations, Ilana Mauskopf – walk through their RFP best practices alongside:

1. A step-by-step guide to an effective benefits RFP process
2. Top tricks, tips, and mistakes to avoid
3. An RFP template that will save you time and make you look like an expert

Benefits RFP: Top Tips, Tricks, Templates, & Mistakes to Avoid

Every year, Americans spend more on healthcare and get less for their money. Despite this, the industry makes record profits year over year. This is frustrating on a person level, but also for employers and their employees. Each year HR is forced to make tough decisions, bring increased costs to their C-suite, and explain to their team why their out-of-pocket costs are going up.

That's why we're sitting down with Marshall Allen, former ProPublica journalist, who has spent more than fifteen years investigating the healthcare industry and exposing price gouging, sloppy billing, fraud, insurance denials, unnecessary treatment, and more.

Tune into the session as Marshall shares his tactical tips to help HR leaders take back control of healthcare costs, empower their employees, and stand up to predatory and unfair practices in the US healthcare system.

An HR Leader's Guide to Reigning in Healthcare Costs

Amazon is a force, known for agility, creativity, and efficiency. These qualities carry over into their approach to benefits as their incredibly diverse and large (second largest in the US) employee population grows and evolves with an agile approach that continues to drive a competitive advantage.  

Leading this difficult but exciting task is Dene Sparrman, Amazon’s Director of Global Benefits. In this webinar, Dene shares her playbook for how Amazon approaches benefits and how any size company can leverage these tactics in their own organizations to save time and money.

Tune in to discover how: 
• Amazon’s benefits philosophy has changed over the years
• To setup a benefits roadmap and a breakdown of what is worth your time and what to skip
• To build a benefits team that functions with the ethos of constant innovation
• To construct a framework for approaching effective communications

It’s Time To Prime Your Benefits with Amazon’s Director of Global Benefits

Sometimes the hardest part of a plan is putting it into action. And getting it right is crucial, you’ve already put in the legwork to gather the data and context, build your proposal, and get leadership approval. We’re going to walk you through how to take your open enrollment launch plan from stressful to simple, and give you the tactics to ensure your implementation process is smooth, proactive and sets you up for success.

To tackle this, we’re bring back the experts:
Sara Richards, Director of Benefits at Red Bull &
Ellen Meza, VP of Total Rewards and People Operations at Crunchyroll (previously for DocuSign)

Here’s what they’ll cover:
1. How to finalize your new contracts: including tips on pricing, design and negotiation
2. Tactical advice to set your internal teams up for success
3. Creative comms best practices to reduce friction, increase engagement and ensure you get the ROI on your programs

Designing Your Benefits Strategy: Session 3 Putting Your Plan Into Action

In the realm of company health insurance, you may have heard of self-funding, but many don’t realize there’s an entire range of options between being fully-insured and the other end of the spectrum. 

But sorting through all the options is nothing short of confusing and if you combine that with the heavy jargon of the insurance industry it becomes a daunting task to even understand the landscape. Which is why Nava created the ultimate guide to benefits funding strategy, covered in this webinar.

Watch now to learn the foundation of all funding options, their pros and cons, a framework to determine what’s right for your company, and practical steps to move your ideal funding plan into action. 

Bryan Davis and Colleen Locke with Nava and Todd Bisping with Caterpillar Inc. will unpack all the details to make you into a funding pro.

Designing Your Benefits Strategy: Session 1 Gathering the Data & Context

In today's fast-paced and unpredictable economy, it is mission crucial for businesses to stay ahead of the game and adapt their benefits strategies accordingly. But success is no accident, you need a solid action plan. That action plan comes in the form of your proposal - the outline you present to leadership and guide to your project plan.

However, creating a proposal that addresses the current challenges can be overwhelming and daunting for even the most experienced HR professionals.

In this session we’ve tapped two HR experts to help us break down their recipe for proposal success:
Sara Richards, Director of Benefits at Red Bull &
Ellen Meza, VP of Total Rewards and People Operations at Crunchyroll (previously for DocuSign)
Here’s what they’ll cover:
1. How to create your master list of benefits options with prioritization backed by data
2. Tactical advice based on your company’s growth status in the recession (cutting, holding or growing during the recession)
3. How to expectation set with your leadership team to set the approval process up for success
4. How to navigate the emotional side of benefits decision making, including the anxiety of making the wrong decision or not addressing enough of your population

Designing Your Benefits Strategy: Session 2 Building the Perfect Proposal

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Designing Your Benefits Strategy: Session 2 Building the Perfect Proposal

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