Ensuring employee understanding of benefit plan changes and rate changes can be difficult, at best. When working to inform your employees of changes in their benefit packages - be it coverage changes, rate increases, or just additional information regarding their benefits - experts advise keeping communications simple, straightforward, and focused.
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Dental benefits consistently survey as among the workplace-based benefits offerings that employees want most. MetLife’s 2004 Employee Benefits Trends Survey found that one in two employees characterized dental insurance as an important employee benefit. Some estimates rank dental benefits second to medical in terms of the value that employees place on them.
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Though consumer-driven health care plans (CDHPs) are becoming more widespread, many employers are taking a wait-and-see approach toward implementation. In a survey conducted in late 2005 by the International Society of Certified Employee Benefit Specialists and Aon Consulting, about one-third of employers that had not yet implemented a CDHP said they thought the consumer-driven concept was too new and wanted to wait and see other employers’ results before going forward.
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Every employer knows it’s a jungle out there – a hiring jungle that is. Finding and retaining top-notch employees has become a major factor in keeping a company competitive. But as many employers soon discover, in the employee retention war, salary is not the only factor.
David Sirota, co-author of “The Enthusiastic Employee: How Companies Profit by Giving Workers What They Want,” made the following comments during a May 2005 interview with Knowledge @ Wharton:
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