Benefits Beyond Insurance – Modernizing Your Total Rewards Strategy
SCOTT RIPLEY
Benefits AdvisorArthur J. Gallagher
Scott Ripley is an employee benefits advisor with Arthur J. Gallagher. He specializes in working with organizations in the strategic design, implementation, communication and management of total rewards programs to help attract and retain talent. Scott is an active board member with Professionals in Human Resources Association (PIHRA) and has conducted several speaking engagements pertaining to healthcare cost-containment and company-sponsored wellbeing programs. Scott graduated from UC Santa Barbara with a Bachelor of Arts degree and holds Series 7 and 66 licenses
Credits
HRCI - HR (General):1.25, SHRM - PDC:1.25
Description
The war for talent has never been fiercer. As organizations fight for the best and the brightest, HR professionals are scrambling to find an edge. While healthcare and retirement plans continue to be a crucial component of total rewards, benefit packages have evolved. A benefits program is a representation of a company’s culture and should be communicated as such. Mission and values should be expressed when designing a total rewards strategy. Millennials have been instrumental in identifying what they find valuable and their input is responsible for much of the innovation that has taken place over the past decade. They will make up nearly half of all US workers in the next few years, so understanding their needs is mission critical; however, companies must not overlook other generations. What can companies do to address the needs of a highly diverse, multigenerational workforce? How have total rewards changed and what does the future hold?
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