Discuss these 9 initiatives for Wal-Mart in DETAIL: Limited-risk initiatives: \

Question

Discuss these 9 initiatives for Wal-Mart in DETAIL:

Limited-risk initiatives: ealign eligibility

requirements for health insurance; decrease cross subsidization of spouses; give Associates more information about how to use healthcare and health insurance; lower company-paid life insurance coverage levels; capture savings from current initiatives to improve labor productivity; add a combination of best practice care management programs; further develop high-performance provider networks; offer Associates bundles of other benefits (e.g., paid time off) from which to choose; and continue to explore adding health clinics in stores.

Explanation / Answer

Limited-risk initiatives: We are recommending that Wal-Mart
realign eligibility requirements for health insurance; decrease crosssubsidization
of spouses; give Associates more information about
how to use healthcare and health insurance; lower company-paid life
insurance coverage levels; capture savings from current initiatives to
improve labor productivity; add a combination of best practice care
management programs; further develop high-performance provider
networks; offer Associates bundles of other benefits (e.g., paid time
off) from which to choose; and continue to explore adding health
clinics in stores. These initiatives will reduce costs and will slightly
improve Associate satisfaction.
Bold steps: The nine limited-risk initiatives will not fully address all
the benefits-related challenges we face. To fully address these
challenges, we recommend that Wal-Mart take five bold steps that will
require more explicit trade-offs between cost, Associate satisfaction,
and public reputation. The first two recommended steps primarily
address cost trends, the third addresses attracting a healthier
workforce, and the last two steps address improving our public
reputation.

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