Employees are happier with their employee benefits than they have been in the past several years. And this is always welcome news for employers.
According to MetLife’s 12th Annual U.S. Employee Benefits Trends Study, employees are reporting the highest level of benefit satisfaction since the survey began, which, for the most part, means company benefits programs are working on all cylinders.
But of course, more could be done.
The report finds that employees want more from their benefits and are willing to share more of the costs. In fact, 60 percent say they are willing to pay more in order to have a choice of benefits that meet their needs.
However, employees need help from their employers when choosing and understanding benefits. More than half (53 percent) agree that they need more help understanding how their benefits work and how they meet their needs.
So how can employers help employees better understand benefit options and suitability – and therefore increase enrollment even further? Read on to find out.
1. Focus on tools and tactics that matter most to employees
The MetLife study reveals concerning disconnects between the enrollment tactics employees find helpful and those tactics that employers actually provide. Employers should prioritize those tools and tactics that employees value most when mapping out an enrollment plan.
The below is a priority list employers should use to benchmark enrollment plan and identify opportunities for enhancement. (The graphic below for small- to mid-sized companies, only.)
And for companies with more than 500 employees, follow this priority list: