Many of our benefits seem to be shrinking because of the increased costs associated with providing a good benefits package. While this is a reality, it does not explain why many employees are so unhappy with their benefits. When finding out what benefits are most important to employees, it is most critical to know that the employees actually understand what benefits are actually available.
It's hard to express an opinion about something you don't understand!:
- Do employees understand the full range of benefits that are available?
- Do employees know what all of their options are related to their benefits?
- Are employees actually taking full advantage of the opportunities they already have?
Knowledge is Power
When we do a benefits survey we start with a basic assumption; When improving benefits, it may actually save money to provide the benefits that are most important to your workforce. Think about that for a moment... How could that be? The benefits that we have today are changing at an increasing pace. You practically need a law degree to understand the fine print of any insurance policy and then, once you get an understanding, it changes... again.
By uncovering the differences in perceptions about benefits and providing a view of the opportunities to improve those perceptions, employees can begin to better understand their current benefits and then identify the opportunities for true improvements.