Best Practices

As the industry changes, roles change — often faster than job descriptions can be updated. New hires who do not receive the training necessary to understand how their role fits into the bigger company picture can contribute to higher turnover rates.

Leaders can support by example, and ensure that lifestyle benefits are integrated in the accepted behaviors of their workplace culture.

Giving employers and their members the tools to see what's working is the key.

Automatic enrollment helped 81% of plan participants start saving sooner for retirement and, significantly, 94% of participants stay in the plan once they have been automatically enrolled, according to a Principal survey.

Open enrollment is a great opportunity to help employees understand the full potential of health savings accounts, but the communications should be quite different for those new to the workforce than for those nearing retirement.

By tailoring your communications and education during open enrollment, you can help employees choose the benefits that will best meet their needs throughout the coming year.