Consumers across the country are feeling the impact of continued high inflation and surging prices in every aspect of their day-to-day lives. They are looking to employee benefits as a way to soften that impact. As open enrollment approaches, employers must ensure that employees have access to all of the benefits, tools, and education that will support their physical, mental, and financial health. 

For employers, getting the right mix of benefits that provide both cost savings and flexibility is critical for retaining current employees and attracting new ones. According to a recent study of HR leaders that Lively conducted with CITE research, employers are facing an average of 20% annual turnover. In response to employee demand, 84% of HR leaders surveyed had increased their companies' benefits, and 56% improved health care coverage. However, in order for these benefits to be effective in driving retention, employees must know how to utilize them and be aware of the concrete advantages they provide. This requires a clear line of communication between the employee and employer, as well as utilizing educational opportunities for a greater understanding as this year's open enrollment season approaches.