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In most cases businesses, whether large or small, provide benefits to attract and retain the employees they need to be successful. They spend a lot of money providing these benefits, often not seeing a return on their investment.
While most small businesses focus on securing comparison quotes and submitting applications, its what many fail to do after enrollment that minimizes the effectiveness of their benefits.
We'll show you how you can decrease turnover and increase benefits satisfaction at no additional cost.
Our experience has shown that many employees do not understand their benefits and many undervalue their benefits. This lack of understanding and value recognition affects how your employees perceive their benefits. Which in turn has an impact on retention.
Research conducted by Watson Wyatt, a leading Human Capital
Consulting firm, has shown that companies that effectively
communicated their benefits had 43% less turnover and a 54%
higher benefits satisfaction rating.*
Another interesting finding was that communicating the value of your benefits has more of an impact than the actual richness of the benefits.
“Employers can spend huge sums of money on benefits, but if their employees aren’t aware of the cost or don’t appreciate the value of the benefits, they aren’t going to see a return on their investment.”
--Kathryn Yates, Watson Wyatt
The average broker provides quotes and will help you submit
applications. Our hands on approach goes well above the industry standard and will help you manage and communicate your benefits.
*2005 Watson Wyatt survey “Communication Plays Pivotal Role in Improving Retention Power of Employee Benefits”
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