head shot collage of adults of various ages and races (Photo: Shutterstock)

Amidst economic uncertainty and high levels of turnover, employee expectations have shifted. Specifically, 40% of employees intend to scale back their benefit selection due to inflation as premiums are estimated to increase by 7%-8% in 2023. To ensure employees are getting the most out of the benefits offered, employers must focus on engaging their workforce around health and wellbeing by showcasing the value of their benefits package. With that, starting open enrollment communication planning early is a key component to developing a successful employee benefits engagement strategy.

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.