Wellness Programs Call for Better Benefits Communications
Wellness programs are all the rage this year. But what’s the point of a program that employees don’t understand and, therefore, don’t use? Midwest Business Group on Health has done some research evaluating employee engagement in health benefits and wellness programs.
Benefits communication used to engage and retain employees as economy improves
Mercer recently announced the results of their Attraction and Retention Survey, covering over 320 employers this year. These are their most valuable findings:
Better economy means higher employee turnover. As the economy and job market continue to improve, 62% of companies think employee turnover will increase as well. When employees have more options, they are less likely to be loyal unless their company puts effort into keeping them.
Historically, presenteeism has been a word used to describe sick employees
Financial Wellness ROI
who “tough it out” and come to work but operate far below normal productivity. But, there are many types of presenteeism. There could be any number of reasons why an employee checks out and productivity suffers. And, while presenteeism is a relatively new term, you likely have some established policies in place for helping employees stay focused at work. For instance, over half of US companies have blocked access to Facebook, Twitter and MySpace. Presenteeism, in its entirety, is a huge productivity issue that far exceeds that of absenteeism.
GuideSpark, Inc. announced two new modules for its online Benefits Learning Center solution, streamlining Open Enrollment communications and New Hire Training.
GuideSpark automates these key yet resource-intensive business processes to free up HR staff, reduce costs and allow employers to realize the full value of their benefits investments.
Each module provides a central online destination to access multimedia benefits education. The Open Enrollment module details benefits changes for the upcoming plan year, offers customized checklists of items to be completed and links to enrollment resources. The New Hire Training module educates new employees about their total compensation package, benefits enrollment procedures and orientation-related topics. Both provide a cost-effective option for using rich, engaging multimedia to educate and communicate with employees on HR topics.
Watch our new demo videos: New Hire Training and Open Enrollment
Today, GuideSpark announced two new modules for its Benefits Learning Center solution. These modules automate and streamline New Hire Training and benefits communications for Open Enrollment. As companies continue to prioritize doing more with less, many employers are looking for more efficient and effective ways to deal with these resource-intensive processes.
GuideSpark, Inc. unveiled its Web-hosted workplace financial education service, a comprehensive approach that helps employees make better use of their organization’s benefits and achieve financial security.
The GuideSpark Benefits and Open Enrollment Learning Center is designed to help employers grappling with how to effectively educate employees on workplace benefits. Engaging multimedia lessons provide in-depth and self-paced information about increasingly complex benefits offerings. GuideSpark provides anytime access to benefits education, and can be customized to support key HR events like open enrollment, new hire training and benefit program changes.
The company’s Financial Wellness Center helps employees avoid pervasive financial distractions that add stress, lower productivity and adversely affect health. GuideSpark experts point out that major employers are beginning to get the message: IBM, Pepsi Bottling Group, and Home Depot have already implemented financial education and planning programs for their employees.
Today, GuideSpark announced availability of a new white paper on the ways to leverage Web 2.0 to transform benefits communications.
It may surprise you to learn that over 50% of employed Americans received a majority of their financial and health products from their employer, making employer-sponsored benefits a critical aspect of an employee’s overall financial wellness.
If there is one statistic that encapsulates the problem that GuideSpark is attempting to solve with our Benefits Learning Center solution, it is this one: “4 out of 5 employers believe that their employees don’t have a good understanding of their benefits.”
Today, GuideSpark announced two core products focused on the issues of corporate benefits education and employee financial wellness. Over the last 18 months, we’ve had a chance to meet with many employers – from small businesses to large enterprises, from Silicon Valley technology companies to retail chains to government organizations. Not surprisingly, each of these employers carries a similar burden – how to reduce the cost of benefits while continuing to offer a competitive compensation package.
GuideSpark announced today a new financial coaching service, the latest offering from their Financial Wellness Center solution.
Customers of the GuideSpark Financial Wellness Center can now provide employees with online and telephone access to personal financial coaches. These financial coaches have extensive financial backgrounds to help users through a variety of situations, whether it’s creating a new financial plan or helping solve an urgent financial issue.
The core of GuideSpark’s Financial Wellness Center is our new online learning service. Over the past few years we’ve experienced an explosion of new web technologies and services that have changed how online users interact and learn on the web. The GuideSpark solution leverages many of these latest trends of the consumer web to create a new learning solution designed for corporations and organizations. Our solution creates a high impact, rich media experience designed especially for today’s web information user. We hope our solution starts a new trend in corporate learning experiences.
