Employees want to like their benefits. They want to use them to stay healthier and improve their quality of life. But benefits can be complicated and information scarce. This lack of clarity forces many to simply give up.
We’ve identified 3 strategies for increasing transparency throughout the member experience. These recommendations address possible points of confusion and supply the ways and means to make informed decisions and stay engaged.
In fact, 82% of employees who have good benefits say they’re highly satisfied with their jobs. Another 45% say vision benefits, in particular, contribute to their feelings of financial security.1
We know the value of engaged employees. Highly engaged business teams are 21% more profitable, and engaged employees outperform those who aren’t by 202%. 2,3
The reality is that half of employees don’t understand their benefits materials, which can make it difficult to appreciate or engage with them.5 Employees oftentimes find enrollment and making health insurance decisions “very stressful.” 6 As a result, many employees are simply giving up. Of all the generations in the workplace, Millennials may be the hardest to reach—55% report being not engaged at work.7
We’ll reveal 3 strategies for increasing transparency throughout the entire member experience.DOWNLOAD OUR
1“The State of Employee Benefits: Findings From the 2018 Health and Workplace Benefits Survey.”; (Jan. 10, 2019); Employee Benefit Research Institute.
2 Harter, Jim and Mann, Annamarie. “The Right Culture: Not Just About Employee Satisfaction.” (April 12, 2017); Gallup.
3 HR.BLR.com, 2015.
4 Vision Watch Vision Correct Standard, 2012.
5 “Benefits Communication Survey Results”; (2016); International Foundation of Employee Benefit Plans; www.ifebp.org/bookstore/benefits-communication-survey-results/Pages/benefits-communication-survey-results.aspx; accessed June 2019.
6 “The 2017 ALEX Benefits Communication Survey.” (2017); Jellyvision.
7 “How Millennials Want to Work and Live.” (2018); Gallup.