Retention, engagement ride on a well-communicated benefits plan
Aflac releases research showing employees who understand their benefits are more loyal to the organization and more engaged
Benefit management
Online avatars and cyber concierges walk workers through benefits
Interactive tech can help an employee better understand benefits at the beginning and guide them through the program, maximizing information and engagement.
Execs say benefits more about retention than attraction
HR professionals with companies ranked by the Principal Financial Group as among the most financially sound for employees say getting workers to grow with a firm is the best strategy.
Report says upping starting contribution increases secure retirement
The Employee Benefit Research Institute says even high-income workers are more likely to retire comfortably if they start their 401(k) with bigger bites.
Plan sponsors on retirement readiness: You can only lead a horse to water
A new Towers Watson survey indicates that U.S. employers think their defined contribution plans are misunderstood and underutilized, despite auto-features and education efforts.
Translation tips
Communication pros Jennifer Benz and Deborah Bosley offer advice on how to translate benefits jargon into plain English.
401(K)s: 5 keys to 401(k) plan engagement
Kristi Mitchem, senior managing director and head of global defined contribution for State Street, offers five tips for employers to help engage employees in retirement saving and planning.
The debt effect
Robust financial education programs can help employees address student loan debt, an issue that affects all generations of, not just new graduates.
Employees not barred from sharing genetic info
Employers are prohibited from requesting or purchasing DNA information, such as predisposition to a certain illness, from workers, but employees can offer it up, potentially putting themselves in protected status.
Canadian union not seeking new Chrysler jobs
The Canadian Auto Workers reached a deal with Ford and GM that included shifting toward defined contribution retirement plans. Chrysler, however, objects to a cost-of-living pay increase.
CAW strikes deal with Ford, keeps working with GM, Chrysler
Ford has said recently that Canadian labor costs are the most expensive it faces around the world.
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Social media tools gain acceptance
IBM, Sodexo frame social media to enhance company culture, business results.
401(k) fee disclosure befuddles small companies
A majority of small firms questioned in a recent survey say they arent prepared to answer employees questions about 401(k) fees.
Retention rides on a well-communicated benefits plan
Employers that market their benefits programs effectively see increased employee production, loyalty and satisfaction. However, too many companies are missing the boat when it comes to communication, workers say.
Advice from the top
Best places to work in benefits provide tips on what make their benefits great from EBA Summit.
iCOMM winners exemplify best in benefits communication
Jennifer Harvey of American Express wins for Best Overall Communications Campaign.
Anemic job growth hints that companies fear hiring
Experts looking at Augusts weak employment numbers say firms may be hesitant to increase payroll as they eye the fiscal cliff.
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News Reports
EBN forum kicks off with Benny winners
The Benefits Forum and Expo began Sunday in Phoenix with the honoring of the benefits professionals of the year.
Is fantasy football a nightmare time-waster?
More than 20 million employed Americans play fantasy football, but cracking down on participation at the office may be more trouble than its worth.