Implementing Transformative Benefits Plans (Feat: Brian Marcotte)
Episode description
On the latest installment of Broken Benefits, we're pleased to welcome Brian Marcotte, Former Vice President of Compensation and Benefits at Honeywell International, for a deep dive into his extensive career in benefits.
Brian and his team were responsible for implementing a nationwide network-based point of service plan that was transformative for its time. Additionally, their team was able to achieve seven straight years with a flat trend at Honeywell.
On this episode, Brian shares some of his most valuable wisdom along with stories to help inspire today's benefits workers.
Timecodes:
0:30 - Introducing Brian Marcotte to the show
1:26 - The high points during Brian's career at Honeywell
3:17 - A quick word from our sponsor
3:47 - Discovering new strategies and bringing them into reality
6:50 - Lessons that Brian learned along the way
10:08 - "Elevating the health of the population requires being innovative and nimble"
11:17 - Where to begin in developing an efficient health plan
20:00 - The difficulty of displaying and discussing data with different company sectors
23:08 - How Brian presented the health plan like a financial plan
24:16 - Handling pushback from his CEO
28:12 - The most difficult conversation Brian had with his CEO
31:46 - The importance of being data-driven and data-focused on these efforts
36:10 - Lessons learned from having difficult conversations with leadership
39:17 - How Apple's engineers were able to get Steve Jobs to buy into the iPhone idea
43:03 - Report on the experience and the quality outcomes, not costs
46:06 - Closing remarks
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