Top 5 Open Enrollment Tips

Top 5 Open Enrollment Tips

The following important tips will help your company plan a successful open enrollment. Tip #1: Design a Clear and Concise Open Enrollment Announcement  Make sure your open enrollment announcement clearly summarizes key information, including: Open enrollment period dates for all benefits Pre-tax contribution rates by specific benefit Post-tax contribution rates by specific benefit Premium increases (if any) Any benefit changes Tip #2: Create and Follow a Schedule for Communicating Open Enrollment Information Create a timeline to distribute the required communication materials to help ensure a successful open enrollment. The following is an example of a potential timeline: Email and/or mail your open enrollment announcement 7-14 days prior to the open enrollment period Send email reminders 1-3 days before the open enrollment period begins (include FAQs as an effective way to respond to the most commonly asked questions) Send a reminder on the 1st and 2nd days of open enrollment to all employees, …

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How Surveying Employees Can Help You Serve Them Better

How Surveying Employees Can Help You Serve Them Better

Surveying your employees is a great way to get honest feedback about what’s going well in your organization and what could use some improvement. Surveys help give employees a sense of ownership in what’s going on around them and can show human resources their top concerns so you have an opportunity to address them in a meaningful way before they grow into systemic problems. Here’s what you need to know about employee surveys and how to use them to help your organization. The Benefit of Surveys “Surveys function as a health assessment for an organization,” says Don MacPherson, president of Modern Survey, a human capital measurement solution. When employees are able to voice their concerns and see that leaders care and will act on their opinions, it’s quite empowering and engaging. Beyond just giving employees a voice, leadership gets to take a real look at how its staff works. Surveying employees “gives you insight into their engagement, which is …

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How to Educate Employees Getting Health Insurance For The First Time

How to Educate Employees Who Are Getting  Health Insurance For The First Time

As a result of the Affordable Care Act — also known as “Obamacare” or the ACA — many people are now getting health insurance for the first time. If your company has extended health insurance to employees who’ve never had it before, you’ll be working with people who need to learn the basics. Here’s how to educate them about their new coverage. Remind Them About Compliance “The ACA is packed with rules and regulations, and employers should let employees know that the company is compliant with the health care reform law,” says Jeannie Wilcox, assistant vice president and director of communications at the Lockton Cos. That’s important because non-compliant employers are subject to fines, and employees without health insurance may face fees. Communicate Before Open Enrollment “As with employees who have had insurance before, it’s important to hold introductory meetings before open enrollment to outline plan basics,” says HR expert Jennifer Brown. She recommends holding an in-person or online …

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How To Create A Competitive Benefits Package

How To Create A Competitive Benefits Package

As the war for top talent heats up, companies will have to work harder to recruit and retain the most desirable new hires. A strong benefits package can make the difference for job candidates trying to decide between your company and your competitor. But do you know what it takes to create a competitive benefits package? Do Your Homework Creating a competitive benefits package starts with information gathering: Survey your current employees to see if you’re offering the kind of benefits they want. Research your industry and competitors to find out what types of benefit offerings you’re up against. Look at your company culture and staffing needs to determine what kinds of employees you want to hire. Then explore what type of benefits those types of candidates are looking for. “Your benefits broker is a good place to start looking for information on what your competitors might be offering,” says Chris Costello, principal and founder of …

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Explaining Disability Benefits: Research Shows HR Needs To Do More

Explaining Disability Benefits: Research Shows HR Needs To Do More

If your organization offers disability insurance, what do your employees actually know about these benefits? The answer could be “far less than you think.” Two recent studies indicate that many human resource (HR) departments need to do a better job explaining disability insurance. While thorough information about health insurance and retirement plans is typically provided to employees, it appears that getting the facts about disability benefits to workers may receive less attention. According to a study from the Council for Disability Awareness (CDA), HR professionals generally do have a good understanding of the causes of disability. That indicates they should be able to provide clear and useful information about disability insurance to their employees – however, they aren’t necessarily doing this. For example, a survey conducted by the Consumer Federation of America (CFA) and Unum (a leading provider of disability benefits) last spring found that 88% of people who had received disability benefits felt their employers did not communicate important …

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