Why Starting Open Enrollment Early In 2021 Is More Important Than Ever
Reports suggest that employees who put off job searches during the pandemic are likely to
resume them in earnest this fall, leading to a “turnover tsunami.” Employers should recognize that
they have a significant opportunity to retain employees if they begin open enrollment efforts early
in 2021. Revamping benefits offerings can help demonstrate to employees they are valued and
convince top performers seeking new jobs to remain.
However, benefits are only powerful retention tools if employees see value in the offerings. Many
employees expect some perks and arrangements made necessary during the pandemic, such as
telecommuting, to remain. Therefore, employers must tailor their offerings to include such
benefits.
Employers will also need to spread the word about their open enrollment and available offerings.
Countless surveys show that employees want more help understanding their options. These
results mean an open enrollment communication plan needs to start early, provide ample
educational resources and have multiple channels. Reach out today for help enhancing benefits
offerings and getting the word out to employees.
4 Lessons Learned From Open Enrollment During the Pandemic
There’s no denying that 2020’s open enrollment season was unprecedented. This article discusses
key takeaways from last year’s enrollment to help prepare for the 2021 season.
For more information, download this newsletter, and contact Evolution of Benefits today.