Mike Smith - The Foundation of Employee Benefits is Data
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Every employer has health care data. This data allows you to put programs together for cost management, stratify risks, or create well-being programs that are pertinent to your population. But how do you take data that for the most part goes unutilized, and take it to the next level? My guest and good friend, Mike Smith and I discuss the potential that data has to keep employees healthy, lower cost management, and equip people to lead healthier lives by releasing data into their hands.
Mike Smith is the Vice President & Partner of Lockton Companies, who provides clients with creative solutions in risk management, insurance and employee benefits consulting. Mike is a salesperson who doesn’t sell anything. Rather he focuses on learning client goals and challenges and mutually determining whether these new clients could benefit from Lockton’s approach to helping businesses.
[00:01 - 06:20] Opening Segment
[06:20 - 15:38] Utilizing Data In Covid-19
[15:56 - 27:29] How We Can Use Data For Cost Management
[27:30 - 30:30] Closing Segment
Tweetable Quotes:
“Using data is always a little bit like driving down the highway while using the rear view mirror. So you’ve got to always be careful.” - Mike Smith
“You can’t fight the facts and data is the facts.” - Mike Smith
“Taking art and science and blending them together is a great way to make decisions. To take them solely in their own silos, to just think about art, or science, or data, or gut feeling, really doesn’t make sense anymore.” - Mike Smith
Connect with Mike on LinkedIn
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Connect with me:
Email: david@turetskyconsulting.com
This show is brought to you by Turetsky Consulting LLC, our company providing business consulting on Analytics, HR Processes, and Rewards with a focus on getting answers that organizations need by demystifying People Analytics.
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