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An Approach to Benefit Designs
Winter 2005
By Lynn L. Franzoi
Lynn Franzoi is the Senior Vice President, Benefits for Fox Entertainment
Group, Inc., where she is responsible for the design, administration and
financing for domestic and international benefit programs for more than
13,000 employees. Ms. Franzoi also is responsible for the Fox Child
Development Center. She is on the National Partners Board of the
Business/Labor Responds to AIDS programs, a member of the U.S.
Chamber of Commerce Employee Benefits Committee, Chairperson for
the U.S. Chamber’s Qualified Plan Subcommittee, a volunteer facilitator
for AIDS-in-the-workplace education for The Positive Workplace, on the
board of the Women’s Institute for a Secure Retirement and is currently
serving on a three-year appointment to the Department of Labor’s ERISA
Advisory Council.
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Corporate America faces many challenges in trying to provide competitive, comprehensive
benefit packages to employees. Diabetes, heart disease, AIDS and other chronic illnesses
drive up direct health care costs, while absenteeism, disability and life insurance costs
also increase the expense of doing business. HIV/AIDS affects employers, employees and
former employees. How can employers be supportive, emotionally and financially, while
controlling rising costs? There are best-in-practice approaches employers can use to
create a work environment and a benefits package that help employees. Both employee
and employer benefit from this approach. The employer is able to attract and retain
talented, motivated people in the workplace and the employee has a benefits package
that meets his/her needs.
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