Situation
Our client was a private health care facility with a traditional pension and benefits system that was in need of change.
Challenges
The main challenges we faced on this project included:
- Achieving a paradigm shift within the organization
- Working around financial issues and divisions in executive thinking — and in obtaining adequate funding for the modified plans
- Realigning the pensions and benefits program in a fashion consistent with the people and the business strategy
Actions
To address these challenges, our consultants:
- Examined the existing business strategy and identified the people strategy required to implement the proposed strategy
- Identified the most important aspects to maintain and deliver in the pensions and benefits program
Results
At the conclusion of the project all the key success factors had been achieved, and the client was highly satisfied with the project deliverables and the value added by Schroeder & Schroeder Inc. Our actions resulted in:
- A sound and clear plan for re-alignment of the pensions and benefits program, altering elements that required modification to be in alignment with and supportive of the business strategy