Committed, focused, productive, contented, engaged. Employers look for these qualities in job applicants. They want workers who will care about their work and want to contribute to the success of the business. But for employees to engage with their work, employers must focus on caring for their team members in five areas of wellbeing[1] Gallup has defined through extensive research. Employee benefits is one component of wellbeing, because it plays a significant role in employees' satisfaction with their work. Consider five ways benefits can enhance employee engagement:
- Express appreciation – Employees are employers' #1 business asset. In addition to the products and services offered by the company, employees differentiate a business from competitors. The benefits package is one way employers can express appreciation for the contributions employees make to their business.
Benefits should help employees take care of their health and personal needs and those of their dependent family members. When this area of life is addressed, employees can put worry behind and focus on work and other things they value.
Research shows that benefits packages connect employees to their employer, which keeps turnover low. One study showed the benefits package was a major reason why employees stayed with a company[2].
For example, older workers may want good medical coverage, along with dental, vision and hearing benefits, but other employee groups may want preventive medical and dental coverage, vision plans that cover LASIK or allow for annual purchases of new eyeglasses or contacts, or flexible work hours to accommodate family needs. These diverse expectations require plans that can be customized to the employee group. This can be a daunting task, but the right insurance carrier should be able to fulfill these requests easily.
Wellness programs with meaningful incentives also are important. Employers are extending wellness efforts in new directions, such as offering health and lifestyle coaches, hosting fitness competitions and developing fitness teams.
According to a survey conducted by the Society for Human Resource Management, employers have increased the number of benefits perks available to employees and are offering unexpected bonuses and one-time incentive rewards to recognize employee accomplishments[4].
Employee benefits provide an excellent opportunity to engage employees with employers, if the packages are designed to serve a diverse workforce. Employers must solicit employee feedback and incorporate good suggestions into coverage choices. This requires extensive work and time, but the rewards are worth it in terms of committed workers who inspire a positive attitude that draws customers to the business.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.