As open enrollment approaches, organizations need to innovate in their employee benefits offerings rather than maintain the status quo. Engaging employees through partnerships is vital for maximizing benefits. Data shows that a significant majority of workers who understand their benefits report happiness and stability. It's essential for businesses to regularly check in with employees to grasp their needs and ensure they can confidently navigate their options during enrollment. Moreover, providing ongoing education throughout the year can enhance satisfaction and aid employees in making informed decisions about their benefits.
76% of workers who understood their benefits stated they were happy, while 82% felt that their benefits provided a greater sense of stability, underscoring the crucial connection between employee satisfaction and benefit comprehension.
Businesses should actively check in with employees during open enrollment to ensure they understand their benefits, what they want from them, and that they can confidently enroll.
Benefits are typically the second largest budget expenditure after payroll, necessitating a deep understanding of employee needs to ensure they are maximizing their value.
Year-round education on benefits is crucial for increasing employee engagement and satisfaction. This proactive approach ensures benefits resonate with all employees based on their unique needs.
#employee-benefits #open-enrollment #employee-satisfaction #benefits-management #year-round-education
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