Here’s one way HR can help increase employees’ job satisfaction and reduce turnover:
Make sure employees fully understand their benefit plans.
Employees who say they’re well-educated about their benefits are 30% more likely to be satisfied with the plan, according to a survey by Univers Workplace Benefits.
Also, companies with employees who are knowledgeable about their benefits are 67% more likely than other employers to report turnover below 20%.
Open enrollment time gives you a great opportunity to spread the word and increase knowledge. Experts recommend these three communication strategies:
- group enrollment kits
- one-on-one meetings with HR or benefits staff, and
- paper enrollment kits.
Also, HR or benefits staffers can hold periodic meetings when any changes occur, or just to answer any employee questions.