TITLE

Storey overhauls Michelin NA's benefit package in order to satisfy both young and veteran workers

AUTHOR(S)
Carlson, Leah
PUB. DATE
September 2004
SOURCE
Employee Benefit News;9/15/2004, Vol. 18 Issue 12, p29
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports that Martin Storey, director of compensation and benefits of Michelin North America Inc., has crafted a new employee benefits package that would attract younger workers, keep veteran workers satisfied and keep benefit costs down. Michelin decided early on that it would need to overhaul both the health plan and the retirement plan. Storey urged making the retirement and health changes simultaneously to assess the overall impact. Fortunately, Storey had a deep knowledge and understanding of Michelin and its employees, having worked at the company for 18 years in a variety of positions.
ACCESSION #
14528057

 

Related Articles

  • The Safeway solution. Dowdell, Stephen // Progressive Grocer;4/15/2007, Vol. 86 Issue 5, p52 

    This article focuses on the revamped employee health care benefit plan of Safeway Inc. In the second year of the plan, employees that signed up for it increased to 71 percent, and Safeway President, Chairman and Chief Executive Officer Steve Burd predicts the next bump will be to at least 95...

  • Monitoring Health-Care Eligibility.  // Business Finance;Jul2005, Vol. 11 Issue 7, p12 

    Provides tips on how to remove ineligible individuals from employee health-care coverage. Identification of dependents who are improperly receiving benefits; Determination of employees rendered ineligible by a change in circumstances; Establishment of procedures for documenting and regularly...

  • SALARY SNAPSHOT.  // Marketing (00253650);3/28/2007, p91 

    The article presents information about insurance schemes offered by employers in the marketing industry. Employers are more likely to offer life assurance to marketing staff than health cover, with a total of 61% being offered the former, compared with 51% for the latter. Senior product managers...

  • Cure For What Ails CU. Birch, Ray // Credit Union Journal;4/27/2009, Vol. 13 Issue 17, p1 

    The article reports on the impact of rising healthcare cost and corporate rescue plan to employee health benefits in the U.S. It cites the statement of Kent Streuling, vice president of human resource at America First Credit Union, on how corporate assessment will affect employee benefits. It...

  • Council Shops Like A Business. Czurak, David // Grand Rapids Business Journal;9/2/2008, Vol. 26 Issue 36, pB2 

    The article presents the role of third-party benefits negotiator to any organization. Reference is made to Grand Valley Metro Council (GVMC) shopping for a benefits manager for the second time in a few years. The responsibilities of the benefits manager are provided along with the council's...

  • Chronic costs. Koury, Fred // Smart Business Cleveland;Jun2009, Vol. 20 Issue 11, p8 

    The article offers advice to chief executive officers (CEOs) on choosing the right health plan for their companies. The health plan a CEO picks is said to reflect the kind of corporate culture he wants to have such as a plan with a lot of benefits with the company paying for most of the costs...

  • Looking Past Due Diligence for Benefit Plans in Mergers and Acquisitions. Komornicka, Mary L. // Benefits Quarterly;2015 Third Quarter, Vol. 31 Issue 3, p8 

    Corporate transactions involving the sale or purchase of another company or division are complex events. While employee benefit plans generally are considered in these transactions, the time and attention devoted to these plans are often minimal. This exposes the parties to additional risks,...

  • Chronic costs. Koury, Fred // Smart Business Detroit;Jun2009, Vol. 5 Issue 3, p4 

    The article discusses health care plans provided by companies to their employees and advises that proposed health care programs must be decided upon by the chief executive officer (CEO). The author says that an effective working health plan must have a balanced shouldering of costs between the...

  • Value-based purchasing advocates seek to debunk high-deductible dependency. Silva, Chris // Employee Benefit News;Jan2008, Vol. 22 Issue 1, p16 

    The article discusses value-based benefit packages for employees in which out-of-pocket costs are adjusted based on an assessment of the clinical benefit to a specific patient population. The employee benefit is recommended by Andrew Webber, president and chief executive officer (CEO) of the...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics