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Early Preparation is Crucial for Open Enrollment

By July 10, 2022October 27th, 2022No Comments

It’s no secret that the job market is an “employee’s market.” Due to the high number of job openings, many employees are feeling more confident in switching jobs for better pay or improved working conditions. Workers are taking stock of their circumstances and considering which employment perks matter the most, specifically, benefits that enhance physical and mental health, increase financial security and support work-life balance.

If your company is evaluating its benefits package, follow these three steps

First, create and distribute an employee survey to determine the level of satisfaction your employees have with your company’s benefits. Ask them what kinds of additional benefits they would like to see.

Next, work with your employee benefits advisor to review the employee feedback and determine how you can revamp your benefits package to meet workforce needs. According to general surveys and reports, top benefits employees are seeking include: increased compensation, mental health resources such as employee assistance programs, caregiving benefits, remote or hybrid work environments, flexible or hybrid scheduling, and professional development opportunities.

Lastly, if you’ve made changes to your benefits package, share the news with your employees and thank them for their feedback. It’s important for employee morale that they see the value of their contribution and opinions. By sharing their voice, they can help make your company a great place to work.

It is a tough hiring marketplace out there, but it won’t be like this forever. If you need help navigating the benefits arena, our team at Strate Insurance Group is ready to help.