In part one of this two-part blog series, we went over some basics on how to involve employees of your business in decisions about their benefit packages, plus why this is a valuable effort to make. There are a number of reasons why this is a smart move, and doing so might be easier than you think.
At Nielsen Benefits Group, we’re happy to assist clients with a wide range of benefits and related services, including benefits assessments, employee insurance coverage programs and more to clients in Sandy and nearby parts of Utah. Today’s part two of our series will cover some of the other major reasons why keeping employees involved in these sorts of decisions can hold major value.
Current Employees Help With Recruitment
Current employees have a fantastic perspective on the kinds of benefits and other factors that would attract them to a position – or keep them in their current role. This feedback can be invaluable when you’re working on trying to create a benefits package that will help your business stand out and attract top talent.
Cutting Costs
When you involve your employees in decisions about benefits and related programs, you’re often actually saving yourself significant amounts of money. How? Well, if you give employees a say in the kinds of benefits they receive, they’re more likely to use them – and less likely to opt out, which can save your business money.
This will also allow you to make strategic cuts to certain benefits based on how your employees use them. For example, if you find that your employees rarely use their gym membership benefit, you could save money by cutting that particular program.
Lowering HR Team Workload
Your HR team has enough on their plates without having to make all the decisions about your business’s benefit offerings on their own. When you give employees a voice in these sorts of decisions, it helps to lighten the load on your HR team and allows them to focus on other important tasks.
For instance, your HR team can focus on more strategic initiatives, like working on company culture or employee engagement programs.
Helping Employees Feel Valued
Finally, it’s important to remember that your employees are the backbone of your business – and they need to feel valued in order to do their best work. When you involve them in decisions about their benefits, it shows that you care about their needs and want to do what’s best for them.
This can help foster a more positive and productive work environment, which is good for both your employees and your business as a whole.
As you can see, there are plenty of reasons to involve your employees in decisions about their benefits packages. For more on this theme, or to learn about any of our employee benefits or insurance services to Sandy clients, speak to the team at Nielsen Benefits Group today.
