Google, of course, has always been in the numbers business. Some of its massive data projects include the workplace. With Project Oxygen, Google hopes to make better bosses by analyzing data about managers. The company is also delving into workforce data to understand the effectiveness of its own HR strategies and practices.
Can your healthcare organization head down the same path?
2. HR Will Get Out of the Benefits Business, Part I
HR strategists, who are keenly aware of what's happening in the health insurance marketplaces, see the beginnings of a major market upheaval. While employers have been shifting healthcare costs onto workers for years, the real game-changer is on the near horizon: Employers will one not-too-distant-day stop offering commercial health plan policies as part of their benefits packages. Instead they'll provide employees with a financial incentive to use a health insurance exchange to select coverage, much as 401(k) plans have replaced company-sponsored pension plans.
The reason is simple, as explained by MarketPlace Money: it's money. "… [S]ome employers who have tried this have offered employees anywhere from $2,500–$3,000 per year to shop with on private health exchanges. That amounts to less than they'd have to pay for insuring workers under traditional company plans on average."