Our popular blog writer, Steve Herbert, explains why Employees may only truly value their Employee Benefits if they understand them better.
A survey of 500 employers undertaken by GRiD (Group Risk Development) crossed my desk earlier this week, and one particular question and response rather caught my eye:
Do you believe your employees are aware of the employee benefits you offer, and understand them?
Yes, they’re aware of all of them and understand them all 57%
Yes, they’re aware of all of them but don’t understand them all 28%
Yes, but they are only aware of some of them 10%
No, they are not aware of any of them 5%
Now at first glance the reader might assume that I would be about to comment on the last grouping listed – the 5% who were honest enough to admit that their employees were not even aware of the Employee Benefits package on offer to them, much less understood the value and workings of each component. Yet I believe it is sufficient to say that many of those employers will already be aware that they need to take some urgent action to improve on this obvious failing.
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