dart board with Employee Benefits pinned in center (Photo: Shutterstock)

A recent survey from Kaiser Family Foundation suggests that the cost of health insurance premiums will increase sharply in the coming year. In light of this, employers may be forced to make some tough choices regarding benefits. Some organizations will make cuts to coverage or wellness initiatives, while others may need to pass cost increases to employees.

Without the right communication and implementation strategy, these kinds of changes can shock and frustrate employees, and with that comes the risk of losing talent. Before that happens, leaders should make sure what they’re offering fits their people’s needs and that employees understand the value of their benefits and what is available to them. In doing so, organizations can ensure their people are equipped to get the most out of those benefits, which will drive better outcomes – for employees and the business. 

 

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