Question

In: Operations Management

imagine that you are the human resource manager of a small architectural firm. you learn that...

imagine that you are the human resource manager of a small architectural firm. you learn that the monthly premiums for the company existing health insurance policy will rise by 15% next year.what can you suggest to help your company manage this rising cost?

Solutions

Expert Solution

As a Human Resource manager of company, following suggestion can be given to manage the rising cost –

  • Sharing the cost – There are various benefit of health insurance to the employees of company, so they can be encouraged to share the costs with the company.
  • Medical care organisations – Various health care and medical care organisations are there which provide medical care at lower rates. Companies can take help of these organisations to reduce their costs.

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