As the recession forces companies to cut back on spending and get more out of their investments, here’s yet another study from UNUM offering evidence that investing in better benefits communications is sound advice.
Taken in December 2010 following last year’s annual enrollment period, the UNUM study finds that effective benefits education enables employees to make better choices, can increase employee loyalty and improves how employees rate their benefits packages.
A new study by UNUM demonstrates the power of effective benefits education. Employers with highly rated benefits education had job satisfaction rates of 88% vs. 45% for those employers with fair or poor benefits education – a difference of 43 points! Employers with effective benefits education programs enjoyed increased employee engagement, loyalty, morale and productivity – ultimately driving up the ROI of significant investments in the benefits themselves.
Here are some highlights from the study:
