We’ve mentioned in previous blog entries how education about their benefit offerings is almost as important in the minds of employees as the benefits themselves. Now a recent study, conducted by Unum, indicates to what extent this is true.
According to the survey results, 77{d044ab8acbff62f209a116f8142e303cb886f535b0fcf58cb82cde7cb327d3c9} of employees who say their benefits package is “excellent” or “very good” also consider their employers to be of the same high caliber. On the flip side, only 17{d044ab8acbff62f209a116f8142e303cb886f535b0fcf58cb82cde7cb327d3c9} of those who were dissatisfied with their benefits rated their employer as very good or excellent. This is no surprise, right?
Well, in an interesting twist, 79{d044ab8acbff62f209a116f8142e303cb886f535b0fcf58cb82cde7cb327d3c9} of workers who rated their benefits EDUCATION as being very good or excellent also gave their employers the same ranking. Whereas only 30{d044ab8acbff62f209a116f8142e303cb886f535b0fcf58cb82cde7cb327d3c9} of those who received fair or poor education surrounding their benefits had the same to say about their employers.
This suggests that when employees understand their benefits, they tend to value them more and–as we now know–they also seem to value their employers more for offering them.
It’s a great time for employers to take advantage of the current benefits climate, when workers are so overwhelmed with the changing options and regulations, and provide their employees with the information they need and want in order to make the best decisions about their benefits.
Contact us to find out how we can help. For more information on the results of this survey, you can read the full article at Employee Benefits News.