Offering Benefits Packages – Boosting Employee Morale
With the economy the way it is, employers need to do everything they can to maintain high employee morale. One easy way to do this is to offer education to employees about the benefits the employer offers (i.e. health benefits, retirement plans, etc.). According to the article Open Enrollment: A Chance to Boost Employee Morale, there are several reasons an employer should provide more information and offer a platform for employees to ask questions:
- This will boost employee morale
- This will give employees the sense that the company cares about their well-being
- This will increase employee retention rates
These are just to name a few. The article points out that “benefits education can be a highly effective, low-cost way tot boost engagement.” Some of the interesting statistics provided by the article include:
- Nearly 1/3 of employees don’t feel that their employers provide enough information on their benefits packages.
- Just over 1/3 of employees were given the ability to attend a Q&A about their benefits.
- Only about 36% of employees have access to their benefits information online.
- 80% of employees who rate the benefits packages offered by their employer as good also rated their employer as a good place to work.
“People are the lifeblood of any successful business, and in this challenging economy employers need to work even harder to demonstrate their concern for employees and their well-being,” said Dalicandro. “Everyone benefits when they do.”
Do you believe that your employer offers a competitive benefits package? Does your employer offer everyone the ability to attend a Q&A session and access their benefits information online?