Construction Today - January 2017 - 70

Civil
Civil | COMPANY NAME

By Eric Krieg

TAKING Control
OF BENEFITS
B

enefits plans - and specifically
health benefits - have long been
used as a cost-effective and tax-advantageous way to support wages
in a holistic view of total compensation. In
the construction industry, where labor and
related benefits costs often have the greatest
impact on the bottom line, it's important
to continually manage and review plans to
make sure you're optimizing performance
and eliminating waste.
However, benefits managers are consumed with the ongoing struggle to control
healthcare costs and manage the structure of
the employee health program. This is done
with the additional challenge of managing
employee noise and dissatisfaction regarding
the health plan. This is a big chore, indeed.
Unfortunately, what has been happening
with such a close watch on health plan management is that many have forgotten about

70

CONSTRUCTION-TODAY.COM AUGUST
JANUARY2016
2017

the big picture of total compensation. Without a close eye on compensation in conjunction with health plan decision-making, your
employees' disposable income is experiencing dramatic erosion. This
is due largely to the increase in payroll contributions and skyrocketing plan deductibles and cost-sharing.

What's a Leader to Do?
First, stop following your counterparts who work within the rules
of the system that actually caused the current mess. Next, act as if
everything starts with a fresh approach to plan management and
decision-making.
If you keep playing the game under today's rules, both your
employees and company will continue to lose. The cards are stacked
against you. The healthcare providers, insurance companies and brokers are currently in charge and you are simply a pawn in their game.

The Path To Success
Here are five ways your company can dive deep into your employee
benefits plans.
1. Really understand your employees' healthcare cost issues by
conducting a deep analysis of your workforce and understand-


http://www.CONSTRUCTION-TODAY.COM

Table of Contents for the Digital Edition of Construction Today - January 2017

Contents
Construction Today - January 2017 - Cover1
Construction Today - January 2017 - Cover2
Construction Today - January 2017 - 1
Construction Today - January 2017 - 2
Construction Today - January 2017 - Contents
Construction Today - January 2017 - 4
Construction Today - January 2017 - 5
Construction Today - January 2017 - 6
Construction Today - January 2017 - 7
Construction Today - January 2017 - 8
Construction Today - January 2017 - 9
Construction Today - January 2017 - 10
Construction Today - January 2017 - 11
Construction Today - January 2017 - 12
Construction Today - January 2017 - 13
Construction Today - January 2017 - 14
Construction Today - January 2017 - 15
Construction Today - January 2017 - 16
Construction Today - January 2017 - 17
Construction Today - January 2017 - 18
Construction Today - January 2017 - 19
Construction Today - January 2017 - 20
Construction Today - January 2017 - 21
Construction Today - January 2017 - 22
Construction Today - January 2017 - 23
Construction Today - January 2017 - 24
Construction Today - January 2017 - 25
Construction Today - January 2017 - 26
Construction Today - January 2017 - 27
Construction Today - January 2017 - 28
Construction Today - January 2017 - 29
Construction Today - January 2017 - 30
Construction Today - January 2017 - 31
Construction Today - January 2017 - 32
Construction Today - January 2017 - 33
Construction Today - January 2017 - 34
Construction Today - January 2017 - 35
Construction Today - January 2017 - 36
Construction Today - January 2017 - 37
Construction Today - January 2017 - 38
Construction Today - January 2017 - 39
Construction Today - January 2017 - 40
Construction Today - January 2017 - 41
Construction Today - January 2017 - 42
Construction Today - January 2017 - 43
Construction Today - January 2017 - 44
Construction Today - January 2017 - 45
Construction Today - January 2017 - 46
Construction Today - January 2017 - 47
Construction Today - January 2017 - 48
Construction Today - January 2017 - 49
Construction Today - January 2017 - 50
Construction Today - January 2017 - 51
Construction Today - January 2017 - 52
Construction Today - January 2017 - 53
Construction Today - January 2017 - 54
Construction Today - January 2017 - 55
Construction Today - January 2017 - 56
Construction Today - January 2017 - 57
Construction Today - January 2017 - 58
Construction Today - January 2017 - 59
Construction Today - January 2017 - 60
Construction Today - January 2017 - 61
Construction Today - January 2017 - 62
Construction Today - January 2017 - 63
Construction Today - January 2017 - 64
Construction Today - January 2017 - 65
Construction Today - January 2017 - 66
Construction Today - January 2017 - 67
Construction Today - January 2017 - 68
Construction Today - January 2017 - 69
Construction Today - January 2017 - 70
Construction Today - January 2017 - 71
Construction Today - January 2017 - 72
Construction Today - January 2017 - 73
Construction Today - January 2017 - 74
Construction Today - January 2017 - 75
Construction Today - January 2017 - 76
Construction Today - January 2017 - 77
Construction Today - January 2017 - 78
Construction Today - January 2017 - 79
Construction Today - January 2017 - 80
Construction Today - January 2017 - 81
Construction Today - January 2017 - 82
Construction Today - January 2017 - 83
Construction Today - January 2017 - 84
Construction Today - January 2017 - 85
Construction Today - January 2017 - 86
Construction Today - January 2017 - 87
Construction Today - January 2017 - 88
Construction Today - January 2017 - 89
Construction Today - January 2017 - 90
Construction Today - January 2017 - 91
Construction Today - January 2017 - 92
Construction Today - January 2017 - 93
Construction Today - January 2017 - 94
Construction Today - January 2017 - 95
Construction Today - January 2017 - 96
Construction Today - January 2017 - 97
Construction Today - January 2017 - 98
Construction Today - January 2017 - 99
Construction Today - January 2017 - 100
Construction Today - January 2017 - 101
Construction Today - January 2017 - 102
Construction Today - January 2017 - 103
Construction Today - January 2017 - 104
Construction Today - January 2017 - 105
Construction Today - January 2017 - 106
Construction Today - January 2017 - 107
Construction Today - January 2017 - 108
Construction Today - January 2017 - 109
Construction Today - January 2017 - 110
Construction Today - January 2017 - 111
Construction Today - January 2017 - 112
Construction Today - January 2017 - Cover3
Construction Today - January 2017 - Cover4
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol17issue5
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol17issue5b
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol17issue5a
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol17issue4
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol17issue4a
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol17issue3
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol17issue3a
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol17issue2
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol17issue2a
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol17issue1
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol17issue1a
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol16issue6
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol16issue5
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol16issue4
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol16issue3
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol16issue2
http://digital.construction-today.com/nxtbooks/knighthouse/ct_vol16issue1
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201712
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201711
http://digital.construction-today.com/nxtbooks/knighthouse/ct_20170910
http://digital.construction-today.com/nxtbooks/knighthouse/ct_20170708
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201706
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201705
http://digital.construction-today.com/nxtbooks/knighthouse/ct_20170304
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201702
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201701
http://digital.construction-today.com/nxtbooks/knighthouse/ct_20161112
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201610vol2
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201610
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201609
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201608
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201607
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201606
http://digital.construction-today.com/nxtbooks/knighthouse/ct_201605
http://digital.construction-today.com/nxtbooks/phoenix/ct_201604
http://digital.construction-today.com/nxtbooks/phoenix/ct_20160304
http://digital.construction-today.com/nxtbooks/phoenix/ct_20160102
http://digital.construction-today.com/nxtbooks/phoenix/ct_20151112
http://digital.construction-today.com/nxtbooks/phoenix/ct_20150910
http://digital.construction-today.com/nxtbooks/phoenix/ct_20150708
http://digital.construction-today.com/nxtbooks/phoenix/ct_20150506
http://digital.construction-today.com/nxtbooks/phoenix/ct_20150304
http://digital.construction-today.com/nxtbooks/phoenix/ct_20150102
http://digital.construction-today.com/nxtbooks/phoenix/ct_20141112
http://digital.construction-today.com/nxtbooks/phoenix/ct_20140910
http://digital.construction-today.com/nxtbooks/phoenix/ct_20140708
http://digital.construction-today.com/nxtbooks/phoenix/ct_20140506
http://digital.construction-today.com/nxtbooks/phoenix/ct_20140304
http://digital.construction-today.com/nxtbooks/phoenix/ct_20140102
http://digital.construction-today.com/nxtbooks/phoenix/ct_20131112
http://digital.construction-today.com/nxtbooks/phoenix/ct_20130910
http://digital.construction-today.com/nxtbooks/phoenix/ct_20130708
http://digital.construction-today.com/nxtbooks/phoenix/ct_20130506
http://digital.construction-today.com/nxtbooks/phoenix/ct_20130304
http://digital.construction-today.com/nxtbooks/phoenix/ct_20130102
http://digital.construction-today.com/nxtbooks/phoenix/ct_20121112
http://digital.construction-today.com/nxtbooks/phoenix/ct_20120910
http://digital.construction-today.com/nxtbooks/phoenix/ct_201208
http://digital.construction-today.com/nxtbooks/phoenix/ct_201207
http://digital.construction-today.com/nxtbooks/phoenix/ct_201206
http://digital.construction-today.com/nxtbooks/phoenix/ct_201205
http://digital.construction-today.com/nxtbooks/phoenix/ct_201204
http://digital.construction-today.com/nxtbooks/phoenix/ct_201203
http://digital.construction-today.com/nxtbooks/phoenix/ct_201202
http://digital.construction-today.com/nxtbooks/phoenix/ct_201201
http://digital.construction-today.com/nxtbooks/phoenix/ct_201112
http://digital.construction-today.com/nxtbooks/phoenix/ct_20111011
http://digital.construction-today.com/nxtbooks/phoenix/ct_201109
http://digital.construction-today.com/nxtbooks/phoenix/ct_201108
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201107
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201106
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201105
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201104
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201103
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201102
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201101
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201012
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201011
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201010
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201009
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201008
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201007
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201006
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201005
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201004
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201003
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201002
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201001
http://digital.construction-today.com/nxtbooks/schofield/ct_200912
http://digital.construction-today.com/nxtbooks/schofield/ct_200911
http://digital.construction-today.com/nxtbooks/schofield/ct_200910
http://www.nxtbook.com/nxtbooks/schofield/ct_200909
http://www.nxtbookMEDIA.com