September 29, 2009

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With the Economy Rebounding, Are You Engaging Your Employees So They’ll Stay? Many articles over the past few weeks are citing indicators that the economy is on the upswing. Positive news at last! When the economy begins to recover and the job market shows signs of improvement, what will your employees do? Many employees have been hunkering down for many months trying to avoid being downsized. But with a renewed economy and job prospects appearing, employees may begin to feel comfortable looking for a new job. Have you engaged your employees enough to make them want to stay? You’ve spent your time the past few months cutting costs, focusing on doing more with less money and resources. And that can lead HR departments to spend less time building employee engagement. In a down economy, these “left behind” employees weren’t going to leave. But if they’re not engaged once the market starts to open new jobs, will they continue to stay at your company? Here are some tools you could consider to engage your employees now before they start to look for new opportunities: Appreciate your employees. Studies through the years have shown that the top “perk” employees want most is to be appreciated for what they do. Let them know their worth. Make sure your employees know what they are making – not just in salary but in perks and benefits as well. Make sure they feel like part of the team. Communicate company progress – and the employees’ role in helping with the progress. These are just a short list of communications that may help engage your employees in a changing economy. What tools have you used to effectively communicate and engage your employees through the down economy? Have you taken a renewed approach to engaging your employees now that the economy is returning? Click on the comment box below and add your thoughts. We’d love to hear from you.
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Communicate to Help Employees Make Smart Medical Plan Decisions Last week, we blogged about the importance of using your benefits communications to more effectively engage employees. Today, guest blogger Elizabeth Borton, president of Write On Target, a benefits communications firm, provides practical tips you can use in communicating your healthcare options to employees. TIPS TO HELP YOUR EMPLOYEES MAKE SMART MEDICAL PLAN DECISIONS Guest Blogger: Elizabeth Borton, President, Write On Target As benefits specialists, you understand the differences between the various medical options offered through your organization. However, those differences are not so obvious to your employees. In fact, MetLife 2008 Employee Benefits Survey found that 55% of employees felt that they didn't get the resources they needed to make informed decisions and felt either confused (25%) or frustrated (24%) while selecting their benefits. So how can you design annual enrollment materials that truly assist employees in the decision-making process? The following are tips which have worked well in past enrollments: In addition to providing side-by-side comparisons of plan designs, use real-life scenarios to illustrate the different types of medical users and the plans that best fit their situation (e.g. - a single person versus a family versus an empty nester). In this way, your employees can easily identify which plan might best fit their needs, based on their medical usage. Mail targeted post cards to homes that compare plan costs, side-by-side (segment your mailing data based on the plans and cost paid by various groups within your organization.) Illustrate possible cost savings through easy-to-understand examples. (For example, a section entitled "Are you paying too much for coverage?" could show the difference between the cost to buy versus the cost to use.) Many health care providers provide a similar tool on their websites, which you should promote in your enrollment materials. Employees enter certain information (such as an estimate for the number of times they went to the doctor the year before, types of services they needed, etc.) and the tool compares the cost of being in "Plan A" versus "Plan B." A Flexible Spending Account (FSA) can help offset costs if moving to a higher deductible plan, but you have to provide quality education about what an FSA is and how it works before employees will take advantage of the plan. Employee meetings work well. If you have a small population and are making big changes, you may require attendance. Or you could pass out the enrollment packages ONLY at the meeting to encourage attendance. Don't forget to send materials home, and if necessary, hold webinars! In general, research shows that families make up 60 to 70 percent of healthcare costs and are often making the benefits decisions. Do not overlook these important decision makers. They can heavily influence the decisions make at annual enrollment. What communications have you used to more effectively get benefits information out to your employees and help them make more informed choices? Share your insight with us by clicking on the comments section below and adding your ideas.

Jane Vanderhorst

Vanderhorst Consulting works with organizations to develop and deliver on-target, results driven communications that engage employees, build sales and retain customers.

The Typepad Team

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