Employee Benefits – The Key to Employee Loyalty?

Employee Benefits - The Key To Employee Loyalty?

Many companies spend more than 25% of their compensation budget on benefits such as medical, dental, insurance and retirement plans, according to the U.S. Department of Labor. Yet they may be skipping the simple steps that ensure they get the full value from that investment. That’s because employers underestimate just how important benefits are to creating and maintaining employee loyalty. Only 25% of people who aren’t satisfied with their benefits have a strong sense of loyalty to their job, according to a recent MetLife study. However 70% of employees who like their benefits have a strong sense of loyalty. According to Prudential, 81% of workers rate a company’s benefits package as highly important to their decision to change employers or remain with their current company. It might be easy to dismiss these statistics – employees should be lucky to even have a job, right? That is the wrong attitude. In …

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5 Tips for Improving Employee Communications

5 Tips For Improving Employee Communications

Human resources professionals are often called upon to deliver information to employees at all levels of their organizations. Whether it’s a serious message or something less important, poor employee communication can lead to people missing out on benefits they could use, company programs or extracurriculars they would have enjoyed, policies they must follow or other essential news about the organization. Employee communications can be a challenge, and there’s always room for improvement. Here are 5 ways you can make yours more effective for the benefit of your organization and all of its people. 1. Practice Transparency “Fostering a culture of transparency is one of the most effective ways to communicate with employees,” says Leigh Steere, co-founder of Managing People Better. Too many employers curate information by deciding what employees should hear based on what they can handle instead of talking about the whole story. Instead, commit to providing clear and appropriate …

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