Nov 21, 2019, 3:30 PM
(From Associations Now) With the 2019 Open Enrollment Period in full swing, organizations would do well to focus on increasing benefits awareness among employees, especially among younger generations of employees, according to a recent study by the firm Businessolver. The report found that roughly 80 percent of employees likely are not knowledgeable about basic aspects of their benefits offerings — leading to situations of healthcare overpay, failure to get the full 401K match offered by employers, or missing unique benefits that could save employees down the road. To improve benefits literacy, Businessolver recommends coming up with, “a personalized, year-round engagement and education approach that appropriately uses technology to give employees small, manageable, and meaningful bites of information."
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