A) Ishwell Inc. is a growing company that just hired its 30th employee. Up until this point, they have offered single-coverage benefits to all full-time employees. They do not have a group plan, but rather they have purchased individual plans for each employee who needs insurance. The average age is 41, the average length of service is 5 years, the average salary is $75,000, and 70% of their workforce is women, and of those in the plan 60% of them are also covered under a spousal plan. They can decline applying for coverage if they wish. They are ready to consider adding a group plan. Using your HR knowledge, please respond to the following questions: Discuss whether or not Ishwell should move to a group plan?
A) Ishwell Inc. is a growing company that just hired its 30th employee. Up until this point, they have offered single-coverage benefits to all full-time employees. They do not have a group plan, but rather they have purchased individual plans for each employee who needs insurance. The average age is 41, the average length of service is 5 years, the average salary is $75,000, and 70% of their workforce is women, and of those in the plan 60% of them are also covered under a spousal plan. They can decline applying for coverage if they wish. They are ready to consider adding a group plan. Using your HR knowledge, please respond to the following questions: Discuss whether or not Ishwell should move to a group plan?
Management, Loose-Leaf Version
13th Edition
ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter12: Managing Human Talent
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Problem 10DQ
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![A) Ishwell Inc. is a growing company that just hired its 30th employee. Up until this
point, they have offered single-coverage benefits to all full-time employees. They do
not have a group plan, but rather they have purchased individual plans for each
employee who needs insurance. The average age is 41, the average length of service
is 5 years, the average salary is $75,000, and 70% of their workforce is women, and
of those in the plan 60% of them are also covered under a spousal plan. They can
decline applying for coverage if they wish. They are ready to consider adding a group
plan. Using your HR knowledge, please respond to the following questions:
Discuss whether or not Ishwell should move to a group plan?
B) What types of challenges do you see that Ishwell encounter in the adoption of a
group benefit plan?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F707f49b6-0f24-45bb-9d61-28bfa04c428b%2Fb1dd6a82-9975-488e-b84d-c4e2ce018be3%2F4s5wdul_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A) Ishwell Inc. is a growing company that just hired its 30th employee. Up until this
point, they have offered single-coverage benefits to all full-time employees. They do
not have a group plan, but rather they have purchased individual plans for each
employee who needs insurance. The average age is 41, the average length of service
is 5 years, the average salary is $75,000, and 70% of their workforce is women, and
of those in the plan 60% of them are also covered under a spousal plan. They can
decline applying for coverage if they wish. They are ready to consider adding a group
plan. Using your HR knowledge, please respond to the following questions:
Discuss whether or not Ishwell should move to a group plan?
B) What types of challenges do you see that Ishwell encounter in the adoption of a
group benefit plan?
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