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Employee Benefits Season Offers Chance to Boost Engagement

^{Published on 2010-09-08 09:46:10 - Market Wire}
 

CHATTANOOGA, Tenn.--([ BUSINESS WIRE ])--As employee benefits enrollment season approaches, therea™s some good news for employers seeking cost-effective ways to help boost engagement in the workplace.

"Employers are looking for ways to show employees they care without breaking the bank, and effective benefits education can be a low-cost, high-impact way to affect worker satisfaction"

[ A study ] from Unum (NYSE:UNM) reveals the strong connection between the quality of the benefits education employees receive and their perception of their employers.

aEmployers are looking for ways to show employees they care without breaking the bank, and effective benefits education can be a low-cost, high-impact way to affect worker satisfaction,a said Bill Dalicandro, Unuma™s vice president for enrollment.

The findings come at a time when industry research is revealing the degree to which employee engagement has suffered in the unsteady economy. The percentage of organizations with falling engagement scores tripled in two years, with the most significant dips occurring this year, finds a new survey from Hewitt Associates.

And some 31 percent of human resources managers say morale and employee productivity are their biggest concerns over the next six months, according to a survey released in July by ComPsych Corporation, a provider of employee assistance programs.

aOffering employees effective benefits education can help make the difference in their satisfaction,a Dalicandro said. aEven if employees dona™t have a particularly good benefits package, those who say they have a strong understanding of their benefits coverage are dramatically more likely to consider their employer a very good place to work.a

The right tools

Unuma™s survey of 1,106 adults who are employed full time was conducted online by Harris Interactive. The results show that the right tools are a critical part of the benefits education process. Employees consider one-on-one and group meetings, online tools and printed materials among the most valuable benefits communication methods. But over the last two years, their access to those materials fell markedly:

• The percentage of employees who received printed information or brochures dropping from 70 percent in 2008 to 51 percent in 2009.
• The percentage of employees who were offered a chance to attend a group meeting about benefits where they could ask questions dropped from 52 percent to 36 percent.
• The percentage who had access to a one-on-one meeting with a benefits adviser fell from 38 percent to 22 percent.

Between 2008 and 2009, workers came to value their benefits even more, according to the research. But across every age group, fewer employees said they had received excellent or very good benefits education. In 2008, 39 percent of workers gave their benefits education positive ratings. In 2009, that number dropped to 29 percent.

At the same time they saw less access to information about their benefits, 45 percent of employees reported they had seen changes in their benefits packages, including 31 percent who said they are paying more for benefits, and 9 percent who reported at least one benefit was discontinued.

aAs the benefits landscape is shifting, it is more important than ever to give employees the right tools to understand their benefits choices and to communicate whata™s available to them,a Dalicandro said. aIta™s an approach that benefits everyone.a

About Unum

Unum ([ www.unum.com ]) is one of the leading providers of employee benefits products and services in the United States and the United Kingdom. Through its subsidiaries, Unum provided $6 billion in total benefits to customers in 2009.

Harris Interactive Survey Methodology

This survey was conducted online within the United States by Harris Interactive on behalf of Unum from Dec. 9 a" Dec. 11, 2009, among 2,029 adults ages 18 and older of whom 1,106 adults were employed (and not self-employed). This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated.

In December 2008, Harris Interactive conducted similar research for Unum using many of the same questions among 2,137 adults of whom 1,122 were employed.

About Harris Interactive

[ Harris Interactive ] is one of the worlda™s leading custom market research firms, leveraging research, technology, and business acumen to transform relevant insight into actionable foresight. Serving clients in over 215 countries and territories through our North American, European, and Asian offices and a network of independent market research firms, Harris specializes in delivering research solutions that help us a" and our clients a" stay ahead of whata™s next. For more information, please visit [ www.harrisinteractive.com ].