a. Cost Containment per Textbook. Cost containment is very prevalent in organiza

Question

a. Cost Containment per Textbook. Cost containment is very prevalent in organizations today. What is the biggest cost-containment strategy in recent years, according to your textbook?

b. Company Cost Containment Measures. What cost containment measures has your company undergone in recent months? Why? What has been their impact on (a) the organization and (b) the employees?

c. Crangle Fixtures. As HR director at Crangle Fixtures, your bonus this year is based on your ability to cut employee benefit costs. Your boss has said that it’s okay to shift some of the costs over to employees (right now they pay nothing for their benefits) but that he doesn’t want you to overdo it. In other words, at least one-half of your suggestions should not hurt the employee’s pocket book. What alternatives do you want to explore, and why?

d. Christian Worldview. How could an employer integrate the concept of benefits with an understanding of those same or similar concepts from a Christian worldview, especially when considering that many organizations are seeking ways to contain benefit costs?

Explanation / Answer

(a). The biggest cost-containment strategy is to create the cost containment Action Plan which includes:

(b). Cost-containment measures:

(c) & (d). Extra benefits to employees:

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