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Meet Victor.
In this episode, Zane Stevens interviews Victor McKnight, Vice President of Business Development at Risk Strategies Company.
They discuss the role of employee benefits brokers and consultants in designing benefit packages that meet the needs of organizations and employees. Victor shares his career journey from accounting to the insurance industry and emphasizes the importance of understanding accounting basics in business. They also discuss the challenges of managing the rising cost of health insurance and the value of long-term disability insurance. Victor highlights the importance of community involvement and giving back, as well as the need for business planning and mentoring in the industry. In this conversation, Vic McKnight discusses the positive and negative aspects of technology and shares his favorite childhood meal.
Takeaways
- Employee benefits brokers and consultants design benefit packages that meet the financial goals of organizations while attracting and retaining quality employees.
- Understanding accounting basics is important in business and can help professionals communicate with CFOs and HR personnel more effectively.
- Employee benefits, such as health insurance, dental insurance, life insurance, and disability insurance, are essential components of compensation packages.
- Educating employees about their benefit packages is crucial.
- Brokers play a vital role in providing support and guidance to employees, helping them navigate complex benefit plans and resolve issues with insurance carriers.
- Managing the rising cost of health insurance is a significant challenge
- Long-term disability insurance is an important benefit that provides income protection for employees in the event of a disability.
- Community involvement and giving back are essential for building strong relationships and making a positive impact.
- Business planning and mentoring are crucial for personal and professional growth in the employee benefits industry.
- Technology has both positive and negative impacts on our lives.
- It is important to find a balance between using technology for productivity and maintaining personal connections.
Chapters
00:00 Introduction and Background
01:49 Employee Benefits and Consulting
03:09 Understanding Employee Benefits
04:11 Career Journey: From Accounting to Insurance
06:19 Importance of Accounting in Business
07:18 Choosing a Business Degree and Career Path
08:07 The Value of Understanding Accounting Basics
09:08 Financial Literacy and Personal Finance
10:19 The Complexity of Employee Benefits
11:23 Educating Employees on Benefit Packages
12:09 Customizing Benefit Brochures
13:08 Providing Employee Education and Support
14:30 The Role of Brokers in Employee Benefits
15:53 Addressing Employee Questions and Concerns
17:51 Client-Centric Approach in Employee Benefits
19:52 Managing the Rising Cost of Health Insurance
21:25 The Importance of Long-Term Disability Insurance
23:34 The Most Interesting Employee Benefit
25:19 Community Involvement and Giving Back
28:16 Challenges and Growth in the Industry
31:36 The Importance of Business Planning
35:35 The Impact of Virtual Work on Mentoring
37:18 Near-Term and Mid-to-Long-Term Goals
40:36 Personal Insights and Community Involvement
43:08 Rapid Fire Questions
45:06 The Positive and Negative Aspects of Technology
45:22 Favorite Childhood Meal
Connect with Victor
www.linkedin.com/in/victor-mcknight-3400554/
Protea Conversations is an enlightening leadership podcast that delves into the dynamic world of business and accounting. In each episode, we engage with seasoned leaders to unravel their unique stories, uncovering pivotal advice that has shaped their success. Our guests generously share insights and practical guidance, offering listeners valuable lessons to propel their own career trajectories.
Our dialogues aim to spark ongoing discussions about the varied experiences, opportunities, and challenges confronting today's leaders.
Through these conversations, we aspire to cultivate a forum where ideas on building a more diverse, inclusive, and successful professional landscape can flourish. Whether you're an aspiring leader or an established executive, our podcast offers simple yet powerful advice to accelerate your growth and broaden your understanding of leadership in today's ever-evolving global environment.
Join us on Protea Conversations to be a part of this journey.
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