July 2007

Choose Benefits with Employee Help

There’s only one way to know if the benefits you’re considering providing to your employees are truly beneficial—ask them.

Some employee benefits providers think that having a smorgasbord of options is appealing to employees; however, research shows that offering too many choices leads to decreases in participation. Voluntary benefits are attractive, but people these days have little spare time to investigate the mechanics, costs and details of many different, and sometimes irrelevant, plans. Employees value good advice that streamlines the choice process and a selection that’s targeted to their lifestyle and needs.

Actively soliciting employee opinions about benefits is an excellent way to tailor plan offerings. Review your benefits menu annually with staff. There might be new products available that address the group or individual needs. Educate workers on possibilities and costs, advantages for themselves and family members, and renewal and withdrawal from plans. Make sure that employees know what isn’t offered as well.

Talking to your people is the best way to get the most out of your benefits dollars. Start asking today!