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The start of a new benefits plan year is an important time for HR teams. It’s an opportunity to align employees with the resources they need while reinforcing your company’s commitment to their wellness. Here are actionable tips to help HR professionals navigate this crucial period effectively.
Before diving into the new plan year, analyze what worked and what didn’t in the previous year. Did employees engage with their benefits? Were there recurring questions or pain points? Use this feedback to refine your communication strategies and address gaps in your offerings.
Familiarize yourself with every aspect of the new benefits plan. Employees will rely on you to explain options, resolve confusion, and provide guidance. Consider preparing an FAQ document and attending any training sessions offered by your benefits providers.
Start the plan year with clear, concise, and engaging communication. Utilize multiple channels—email, intranet, video tutorials, and town hall meetings—to ensure employees understand:
Consider leveraging AI-driven communication tools to personalize messages and answer common questions in real time.
Many employees may not fully understand the value of their benefits. Schedule workshops or webinars to break down complex topics like:
Highlight how your benefits program fits into your company’s total rewards strategy. Include benefits like wellness programs, mental health resources, and professional development opportunities to show the overall value of working for your company.
A complicated enrollment process can frustrate employees and reduce participation. Partner with your benefits technology provider to ensure the platform is intuitive and offers features like:
The benefits conversation shouldn’t end after open enrollment. Use surveys, analytics, and regular check-ins to measure how employees interact with their benefits and adjust your strategy as needed. Continuous feedback will help refine your approach for future plan years.
Life happens, and employees’ needs can change throughout the year. Ensure your team is prepared to address qualifying life events and provide support for mid-year adjustments without added stress.
By putting employees’ needs first and using AI technology and strategies, HR teams can ensure a smooth transition for employees and maximize the value of their benefits offerings. Learn more by subscribing to our blog. Simply hit the “Subscribe” button above or submit your email address in the form below.
The information in this blog post is for educational purposes only. It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.
WEX receives compensation from some of the merchants identified in its blog posts. By linking to these products, WEX is not endorsing these products.
Subscribe to our Inside WEX blog and follow us on social media for the insider view on everything WEX, from payments innovation to what it means to be a WEXer.