The key to a successful benefit
program is properly engaging the employees in the enrollment. This can’t be
achieved with a passive/online enrollment. By bringing in an enrollment
specialist, brokers can achieve an engaging enrollment resulting in increased
participation and a more engaged/productive workforce for their clients.
A prevalent misconception is that
employees do not want assistance in selecting benefits and will ignore
recommendations from their employers. According to polls, employees trust their
company to deliver optional benefits that are important to them, and they rely
on their employer for benefits information.
Auto-enrollment, in which employees
are automatically enrolled in coverage most frequently income protection but
has the option to opt-out, is becoming a common way of enrollment. In fact,
according to a 2013 study done by Unum and the CFA, 85 percent of respondents
agreed that businesses should automatically enroll new employees in disability
insurance, with the option to opt-out if they do not want it.
Another technique that can boost
enrollment rates is for employers to impose “active choice,” in which
employees must learn about the insurance benefits available and then accept or
decline each benefit. When utilized consistently, active choice increases
employee engagement and frequently more than doubles participation rates.
Employers should be confident enough in the value of their benefits to urge
employees to pause and examine if each perk is appropriate for them.
Regardless of advancements in
enrollment technology, employers should recognize that simply providing online
self-service, effective pre-communication, and live customer help is unlikely
to result in optimal knowledge or participation. Many employees are hesitant to
go online and select benefits to purchase, especially if they have questions or
require additional information.
More importantly, many workers today
undervalue the chance of being unable to work due to serious illness or
disability; thus, they must be reminded of the importance of financial
protection for employees at all levels of the organization. Employees can
benefit from education and descriptions of what benefits cover and how much
they cost, which can help them evaluate what best fits their budget and
encourage them to get the coverage they require.
While technology is important in
today’s enrollment scenarios, research reveals that employees need and desire
assistance and recommendations about the best benefits for their family, and
they prefer to ask questions of a live person. As a result, the most effective
enrollment strategies mix high-tech and high-touch techniques. Employers should
not underestimate the significance of a face-to-face counseling session or a
call center session, even when combined with online enrollment.
Access to a live chat, call center
help, co-browsing with a counselor, or access to a video conference call to
communicate with a certified benefits counselor are all ways to make benefit
counselors available in an online enrollment world. This two-pronged approach
to acquiring perks at the workplace combines the best of what technology offers
with the personal touch that employees crave.
Conclusion
Employers have the resources they
need to achieve optimal enrollment results and help employees at the workplace,
which for most of us, is the only place to receive affordable financial
protection benefits, thanks to today’s accessible technology solutions and
knowledge about consumer purchase behaviors.
Leave a Comment
You must be logged in to post a comment.