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Folks,

Out of curiosity, in companies with 50-300 emps, how close is the synergy of the HR/CFO in identifying, reviewing, selecting, etc. a benefits package?

What is the best way to approach a relationship and how to get them to agree to a survey of their benefits package to recommend specific steps?

Thanks,
Stewart

Mark's picture

Stewart-

Proceed with caution, sir.

In companies of those sizes, org structure varies widely. I know CFOs who fill out the CEO's expense reports, to those who meet with I-Bankers and provide 100 page financials each month, and follow Treasury note trends assiduously.

There is no correlation to all of that, size, and benefits.

I would not recommend you do what you are contemplating, but if you told me you had already done so, I would do my own comparative survey first, with companies of similar size, industry, location, scope, etc, and then present that anonymised data to them. If it were wildly divergent, they would likely concur, and if it wasn't, I would hope you didn't even present it. The way to do a survey is to enlist a chamber, or join a business support group, etc, where data is aggregated and shared for issues like benefits.

Careful.

Mark

stuy119's picture

[quote="mahorstman"]Stewart-

Proceed with caution, sir.

In companies of those sizes, org structure varies widely. I know CFOs who fill out the CEO's expense reports, to those who meet with I-Bankers and provide 100 page financials each month, and follow Treasury note trends assiduously.

There is no correlation to all of that, size, and benefits.

I would not recommend you do what you are contemplating, but if you told me you had already done so, I would do my own comparative survey first, with companies of similar size, industry, location, scope, etc, and then present that anonymised data to them. If it were wildly divergent, they would likely concur, and if it wasn't, I would hope you didn't even present it. The way to do a survey is to enlist a chamber, or join a business support group, etc, where data is aggregated and shared for issues like benefits.

Careful.

Mark[/quote]

Mark-

Thanks for your help. I've always worked in family-owned or smaller businesses, so I'm unaware of the larger goal of some of these companies.

I've come across some where there is a strong tie, but others where there is no tie whatsoever - just like you suggest. And, yes, this would be through a chamber-sponsored avenue to get some "legitimate" backing behind my cause.

To rephrase a question with that knowledge, should I approach each of them separately, or together with the "out" that there is only a need to approach whomever is involved in the benefits selection?