HRRecruitingAlert.com » Survey: Effective benefits communication boosts retention

Survey: Effective benefits communication boosts retention

March 6, 2009 by Sam Narisi
Posted in: In This Week's E-Newsletter, Latest News & Views, Retention

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.

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