A company currently spends over $1 billion in health-related areas. The company has multiple locations.
The VP of HR has been tasked with:
• Developing a strategy to improve employee health, reduce costs, and limit the company’s risks.
• Linking the health-care strategy to corporate strategy.
How should the VP of HR develop a health-care (HC) strategy that will link with the corporate strategy?
Benchmark the HC strategy against industry practices.
Align the HC strategy with the organization’s human capital vision and mission.
Focus on developing the most cost-effective HC strategy.
Focus on understanding and satisfying senior manageme
2. How should the VP develop the health-care strategy to ensure that it addresses the health needs of the employees?
1. Listen to the water cooler talk from employees.
2. Conduct focus groups with random samples of employees.
3. Survey the entire workforce about health needs.
4. Evaluate the data from the annual report on the employee assistance program.
Choose three answers from the above four options and justify with reasoning (HR strategic planning)