Pension Plan Cost Containment: The Case Of The 'Vanishing' Surplus
The impact of recent changes in capital markets on pension funds are explored in an interview with John Gilfoyle, Watson Wyatt's Canadian Regional Investment Practice Leader. Ways in which plan sponsors can both enhance pension fund returns and control costs are also discussed.
The Inco Vision Care Story: A Novel Approach To Cost Control
Results of Watson Wyatt's 1999 healthcare benchmarking survey conducted for Inco showed vision care costs which greatly exceeded the average annual costs of the surveyed companies. This case study illustrates how union and management worked together to identify the sources of the problem, and to implement a
vision care preferred-provider network.
Service Delivery Shifts: The Strategic Sourcing Reality
Recent technology developments have made different sourcing alternatives more viable — and often more cost efficient — than in the past. However, many organizations do not have the internal expertise to make strategic sourcing decisions, develop a plan and promote it with senior leaders. This article demonstrates how a well thought-out combination of sourcing alternatives is essential in today's era of rationalization.
Compensation: A Total Rewards Approach
With the unexpected alterations that have occurred in the North American economy over the past year, managing costs has become a critical concern in many industries. Yet, the need to attract and retain the right people has never been greater. As a result, the allocation of compensation dollars must not only support the organization’s business direction, it must be perceived as valuable by employees.
Managing Costs: A Mantra For All Seasons
Although many economists are forecasting an economic recovery for the second half of 2002, controlling costs continues to be critical for most organizations.
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