You might think that the more you spend on health care, the more your employees will value your contributions. But surprisingly, simply spending more doesn't get you a lot of additional recognition.
What matters more than how much you're spending is how your benefits are perceived by your employees.
With employee benefits being such a large investment for most companies and recruitment and retention on the line, it is critical that employees understand the value of their healthcare. So, what steps should you take to evaluate and accomplish this?
- Understanding where you currently stand – The best place to start for improving perceived value of your benefits program is the source, your employees. Understanding their current satisfaction and what they find valuable is key to developing a strategy and program that meets their needs. Many of your team members may have come from competitors and could also provide valuable insight as to how you stack up. Feedback can be gathered through methods like surveys or annual reviews (ask your HNI service team for sample survey questions or for other ideas on gathering feedback).