Employers should recognize that benefits directly affect employee retention, as 60% say benefits influence their decision to remain with a company.
A year-round approach to open enrollment should leverage historic data and employee feedback to continually adjust benefit offerings and meet evolving employee needs.
Effective communication during open enrollment is crucial; organizations must clearly articulate the value of benefits, avoiding jargon and adapting to various employee preferences and channels.
Employers can support employees through various benefits, such as flexible work arrangements and childcare support, while adding value like earned wage access to alleviate financial stress.
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