Carrying out an effective open enrollment is challenging, however, making employees well educated about benefits while also having right strategy and resources can help employers run a smooth enrollment.
Here is some tips employers can use to maximize benefits for employees this open enrollment:
#Provide New Benefits and Perks:
Employees are more apt to make changes in their benefits plans when they receive new options. Therefore, instead of offering same benefits year-after-year, introduce some new plans. Voluntary benefits provide employees supplement core health coverage while protecting them from dreadful out-of-pocket expenses.
#Avoid Bells and Whistles:
Dropping a neatly planned benefit package in the mailbox of each employee is not enough. Make sure your plan information is as simple as possible and then deliver this information to employees in a dynamic and interactive way so that they feel more educated and equipped with right benefit knowledge.
#Establish Open Lines of Communication:
Effective communication is at the core of running a smooth open enrollment. Ensure that there are open lines of communication among employees, benefits brokers, HR, etc. Develop a solid communication plan in advance and communicate the benefits to employees with a variety of methods- onsite meetings, mobile communication, personalized emails, one-on-one meetings and more. Employers can also use multi-channel approach to better attract employees towards benefits.
#Customize Benefits to the Demographics of your Employees:
Benefit selection process becomes easier for employees when they have offerings tailored to their needs. Consider different age groups, needs and other demographics of your workforce and then customize the benefits package accordingly. You can also create bundled benefit packages meeting to the needs of individuals. Thus, designing a benefit package customized to employees’ needs boost their satisfaction without increasing the costs.
Also Read: Run a Smooth Enrollment this Year with Right Benefits Administrator at Hand!
Benefits Broker Helping Employers Running a Smooth Open Enrollment
Enlisting a benefits broker can take lot of pain out of open enrollment and help employers put out any fires during the open enrollment. Knowledgeable brokers help employers preparing a roadmap for hassle-free enrollment while keeping them compliant with all necessary regulatory requirements. In addition, benefits brokers utilize technology solutions to streamline employee processes and giving them a connected experience.
Summarizing It Off:
Open enrollment is not an open-and-shut case. With a strategic planning, employers can come up with the right benefit offerings and can provide employees better enrollment experience. Above article describes some tips that employers can use to maximize the benefits for employees and make them feel more secured throughout the year ahead.
