Synchrony @ Work
CASE FOR INTEGRATION
Making the case to your company:
The first step in
integrating your disability, workers compensation, FMLA and other related
programs is building a business case. We can provide assistance with this, too.
Here's a five step guide to help you get started.
Step 1: Capture baseline information
Step 2:
The performance trends
Step 3:
Build a cross-functional integration team
Step 4:
Access the potential value of integration
Step 5:
Develop a business case to move forward
A 5-Step Guide to Building a Business Case for Integration
STEP 1:
Capture baseline information
a - Determine your direct and indirect cost
trends
1. Direct costs
- Short term absence
- Short term disability
- Long term disability
- Workers compensation
2. Indirect costs
- Overtime costs
- Replacement worker (temp) costs
- Retraining costs
- Lost productivity
b - Find out where to get the trend
information
1. Payroll data
2. Claims and/or outcomes reports from workers compensation and disability
providers
3. Other sources you may want to consider: peer company information, industry
studies, supplier tools, Bureau of Labor statistics
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STEP 2:
Interpret the performance trends
a - Determine what the information means to
your organization
1. Identify current performance drivers
2. Determine improvement opportunities
3. Set preliminary objectives for improvement
4. Compare to overall corporate productivity goals
b - Share with your information system
partners
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STEP 3:
Build a cross-functional integration team
a - Identify your key stakeholders - Human
Resources/Benefits, Risk Management, Finance, Treasury, Safety, Operations,
Legal, brokers and/or consultants
b - Get commitment from senior management for a team approach
c - Select the integration team
d - Create objectives for the team (desired outcomes)
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STEP 4:
Assess the potential value of integration
a - Identify the potential risks and benefits
b - Determine where your company is in the areas of:
1. Productivity gains
2. Lost time strategy
3. Return to work effectiveness
4. Benefit plan design
5. Employee satisfaction
6. Cost management
7. Use of outsourcing partners
c - Where do you want to be?
d - Conduct a gap analysis
e - Can you get there and what are the obstacles?
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STEP 5:
Develop a business case to move forward
a - Outline scope of integration and game plan
b - Present to senior management for decision
c - Write a mission statement for integration
d - Create a platform for cultural change
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© 2007 The Travelers
Indemnity Company
One Tower Square
Hartford, CT 06183
All Rights Reserved
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Synchrony® is integrated absence management, which includes group
disability insurance or services from MetLife, workers compensation insurance
from The Travelers Indemnity Company and/or its property casualty affiliates,
and may include family and medical leave administration from MetLife. Synchrony
is a registered trademark of Travelers Insurance Group Holdings Inc., and
MetLife, Metropolitan Life Insurance Company NY, NY. Travelers Indemnity
Company, One Tower Square, Hartford, CT 06183.
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© 2007 Metropolitan
Life
Insurance Company
200 Park Avenue
New York, NY 10166
All Rights Reserved
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(exp1207) MLIC-LD
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