Want to pay for performance? Take a long-range view to avoid problems. Some incentive-pay plans are designed in a shortsighted manner by rewarding workers for the wrong efforts. A plan that pays bonuses to those who cut costs may appear sensible, but it can prove misguided. That’s because employees who are overeager to cut costs may lose sight of value-added services that could produce additional pockets of profit.
Most organizations still have much to learn and decide upon before the 2015 and 2016 deadlines. How is your organization using the time to prepare? What are your options… and what can you do now to minimize or avoid penalties? How can you estimate the amount of employer penalties to decide whether to offer health insurance in 2015 and beyond?...Click here to find out more.