Time Inc.’s Giangrande Recognized for the Move to a Private Exchange

September 3, 2015

Time Inc.’s Executive Vice President and Chief Human Resources Officer Greg Giangrande is the recipient of the 2015 Benefits Leadership in Health Care Award by Employee Benefit News (EBN). The annual award recognizes excellence in the employee benefits/human resources field.

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Greg Giangrande, on embracing a workplace culture of wellness with OneExchange [video]

EBA noted that, following its June 2014 spinoff from the Time Warner media conglomerate and under his leadership Time Inc. implemented “bold new health and wellness programs” for about 5,000 U.S. employees and their eligible dependents.

In particular, Giangrande oversaw a six-month transition to Towers Watson’s OneExchange, which gave employees more choice of plans and carriers as well as new choices in voluntary benefits such as dental, legal services and identity theft protection. Moving to a defined contribution model, Time Inc. also offered employees new options in tax-advantaged health savings accounts

Said Giangrande, “The more you take an interest in helping employees, the more engaged they become with your company. And the higher the engagement level with the employer, the better productivity you get, the better discretionary effort you get, the better loyalty you get.”

According to Jim Foreman, managing director of Exchange Solutions, throughout the transition Giangrande had “a clear vision and passion for what he wanted to deliver, and it was well executed.”

For more information on the details of the transition and Time Inc.’s commitment to empowering its employees, read the entire article in EBA.

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