Monday, April 30, 2012

HR misses the mark when communicating benefits

The survey, conducted among 275 HR professionals, shows that staff rank their available premium, life insurance and private health insurance as the most valuable benefits. But the data also shows that, apart from pensions, "soft" perks such as gym membership (seen as the least appreciated benefits by 26% of respondents), generating more communication in the field of e-mails and intranet messages, then the health and financial benefits.
Linda Smith, HR director at Unum, said: "We have a clear discrepancy between the benefits are communicated and appreciated by those workers seen - most of the communication around the" soft "benefits that do not have employees the long term and are not seen as being valued by the staff. "
Key findings

    
Almost three quarters (72%) of employers offer defined contribution pensions for all workers.
    
37% have made a significant research benefits in the past two years.
    
Defined benefit pensions are seen in the most valued by employees to be above others.
    
The most common way of communicating benefits to employees through new-Joiner packs.
Charles Cotton, performance and reward adviser at the Chartered Institute of Personnel and Development, believes that a number of HR staff the confidence to communicate effectively on complex financial products miss.
"HR departments used can be criticized for doing a poor job of communicating benefit plans because they do not have a technical knowledge of the products. As a result of changes in pension provision, in particular auto-registration, practitioners up-skilled personnel to feed on pensions.
"But there is one thing to train staff on all financial and health benefits, not just so they appreciate the benefits provided, but to equip them for situations of financial distress."
The investigation showed that most (72%) organizations offer a defined contribution to all employees, followed by life insurance (63%) and employee assistance programs (49%), while private health insurance (17%) and health screening (12% ) are the two most benefits offered to senior management only. Personal accident insurance and dental plans are the least frequently offered.
While 30% of respondents admitted that they never carried Benefits Review, 37% was done in the past two years and 55% planned to at least a basic review undertaken this year.
"Pensions auto-enrollment will be introduced this fall, offers a chance to review the benefits," said Smith. "According to our research, 55% of employers looking to review the benefits of this year, so it's important to get the right mix of benefits that are of value for both business and employees."
The research marks the launch of a new staff Today channel, Benefits Overhaul 2012, in cooperation with Unum, which looked at how organizations thorough review of the benefits they offer employees.



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