The past several years have brought a flurry of changes to the workplace. Employers have faced fierce competition among companies to attract and retain talent, and employees have gained more leverage to seek jobs with their desired combination of flexibility, pay and benefits. Employee needs have shifted, too, with increased emphasis on overall well-being, including physical, financial and mental health.
Simply put, members of the workforce are paying more attention to what their employers have to offer, including benefit accounts that help them save money and prepare for the future. It’s more critical than ever for employers to provide support and education to help employees understand their benefits account options. And, by extension, benefits administrators face increased pressure to provide the right materials, tools and strategies to assist their employer clients in this process.
Here are three key open-enrollment strategies benefits administrators can implement to help employers increase employee fluency in and engagement with health benefits accounts.