Remote, hybrid, and flexible work arrangements have changed employees’ needs when it comes to benefits. HR professionals say that these are the five biggest employee benefits challenges they are facing today, according to a white paper by Arizent and Ameritas:
- 43% Managing costs
- 37% Improving employee engagement
- 32% Attracting talent
- 32% Minimizing Turnover
- 30% Getting employees to understand their benefits
Employers can leverage employee utilization records to ensure they are offering the kind of benefits that attract and assist in retaining the best talent. He are some of the reports they suggest reviewing:
- Claims experience reports offer details about the types of benefit claims employees have submitted
- Plan utilization reports summarize the use of different plan design elements and features like benefit rewards and incentives.
- Benchmark reports show benefit plan design elements for selected industries within an insurance carrier’s customer base. This allows employers to compare to other employers in their industry
For example, if benefits utilization reports show that most employees meet their vision plan frame allowance each year, employees clearly value the plan. To make it even better, an employer could increase the frame allowance, further enhancing employee engagement and retention.
They may find that they need to adjust their benefits communications.
The experts at CoPower can help you dig into the data and craft the perfect solutions to meet the biggest challenges that today’s HR professionals are facing.
To find out how CoPower can help meet the demands of tomorrow’s workforces, contact:
Rodney Mattos
CoPower Regional Sales Manager
Email: rmattos@copower.com
Phone: 916.261.9280
Schedule an Appointment with Rodney
or
Jason Diffenauer
CoPower Sales Account Manager
Email: jdiffenauer@copower.com
Phone: 650.931.1731
Schedule a meeting with Jason