It can increase productivity, employee loyalty, employee morale, making operations move more smoothly and, in turn, it can increase customer satisfaction and boost sales. An important factor in how employees view the program is the full communication of benefits information through meetings, printed materials, and annual personalized statements of benefits. But it comes to nothing if staff aren’t aware of them. Once these costs are understood it is easier to demonstrate how training and/or education programs can help prevent or, at least, reduce costs associated with these threats. While discussing employee benefits has sometimes been regarded as a human resources minefield, it's critically important to have a strategy in place for communicating changes in benefits that fully informs your workforce and doesn't damage employee … Effective Employee Benefits Communication Can Reduce Employee Turnover. Thus, management must treat all employees as individuals and must treat them in a fair manner. Employee favoritism should be avoided. Every business can benefit from quality workplace communication, as it is is critical to a properly functioning organization. Additionally, free web personalization tools have been provided via the AudioEye Toolbar, which may be enabled from the … Communicate. Employee Benefits: A 401(K) Retirement Savings Plan A strong retirement benefit can help you recruit employees and reduce turnover. Employee benefits are an important part of the HR toolkit and a valuable tool for displaying staff appreciation and encouraging a positive, productive culture. management; 0 Answer. Communicating staff benefits effectively can reduce the cost of these benefits by up to 20% each year. Improving Employee Relations. Employee relations must be strengthened in an organization. The best benefit of a communication policy is total awareness of company compensation or a total compensation program. Educate. An initial discussion before they are hired and frequent communications thereafter will ensure everyone remains engaged and up-to-date. Accidental death and dismemberment insurance pays double the regular life insurance benefit if the employee dies in an accident, and also pays a percentage of the death benefit for accidental paralysis, or loss of limbs, eyesight, speech, or hearing. This website is AudioEye enabled and is being optimized for accessibility. The benefits of effective communication in the workplace are increased productivity, decreased employee conflicts and improved customer relationships. Fortunately, employers can use targeted incentives and benefits to vastly improve employee happiness and engagement in most workplaces. It’s clear that a strong employee benefits program can produce great results, like employee retention and a more effective workforce. Your employees should be made aware of the benefits you offer early and often. 2. Education should … That prize could be monetary compensation, a special lunch with senior executives or an extra day of vacation. Many employers offer mental health resources, and now is the time to continue to communicate the availability and support available through an EAP or other emotional wellbeing program like telebehavioral health … Other studies show employer return on investment for wellness initiatives ranging from $3 to $6 for every dollar spent. Increased Productivity Every business can benefit from increased productivity, and effective communication practices can help achieve this goal. These rising premiums have forced some employers to allocate a larger share of the costs for group benefits to employees. Following are some of the benefits offered by employers to employees: (1) Free lunch or lunch at subsidized rates offered to the employees.

Employee benefits are an important part of the HR toolkit and a valuable tool for displaying staff appreciation and encouraging a positive, productive culture. (2) Free medical facilities to the employee and the members of his family. Effective employee benefits communications programs can help reduce which of the following? answered Apr 17, … asked Apr 17, 2016 in Business by Murse. To do so, following points must be taken care of:-Employee has expectation of fair and just treatment by the management.