Human Resources/Employee Benefits Work Group

Following Stratum's overall business objective to add value for its Shareholders through standardization and collaboration, the Human Resource Group selected a carrier for Long-Term Disability, Life, Accidental Death and Dismemberment, as well as Director's and Officer's and Errors and Omissions coverage. Utilizing a single broker/consultant, Stratum was able to develop insurance contracts with leading carriers that offered their Shareholders the maximum insurance protection, while achieving significant cost reductions.

Future planning includes the potential for self-insuring some of these exposures, plus Workman's Compensation, as part of an overall insurance strategy which is described in the insurance section of this website.

In addition to insurance consolidation, the Human Resource Group has developed standardized job descriptions and conducted non-physician salary surveys. Likewise, this Group has been heavily involved in the implementation of the PeopleSoft human resource, benefits administration and payroll software, which is fully installed in three Shareholders.

The Human Resource Group continues its efforts in the area of standardizing benefits and policies and procedures across Stratum Shareholders to maximize knowledge transfer and to achieve economies of scale.

HR Information Center [Members Only]