HUMAN RESOURCES DIRECTOR
Underutilising opportunities to communicate is a wasted investment. Organisations spend more than a 1/3 of their revenues on people-related investments such as remuneration and benefits. Yet the greatest factor for employee attrition is insufficient compensation and benefits.
Employees’ most common complaint is that they don’t know where to find information about how to best use their benefits. Educate your employees at every touchpoint: Recruiter brand
That’s why effective communication can speak volumes.
2 out of 5 employees agree
that a well-communicated benefits program would make them less likely to leave their job.
Employees who say their company has effective benefits communications are more than 2x as likely to say they are loyal to their employer.
43% of employers believe a well-communicated benefits program leads to reduced turnover – and they are right.
HCAMAG.COM
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Interview Onboarding
Company updates
1:1 meetings
And utilise multiple channels to get the message across: Website Print Video Podcasts Social Email Mobile Intranet
The provision of benefitsrelated information boosts overall employee satisfaction with the benefits package, and benefits satisfaction is positively correlated with employee engagement. Sources: Based on an original infographic from Accumulate: blog.accumulate.com.au. “Aligning your total rewards strategy with your business goals” – Ken Gilbert, Mercer Human Resource Consulting; Sally Cornish, Mercer Human Resource Consulting, The AchieveGlobal Study – achieveglobal.com/resources/files/ Worldwide_Trends_Employee_Retention_Report.pdf. “Inside Employees’ Minds, Navigating the New Rules of Engagement” – Research on broader drivers of engagement 2011, The Glassdoor Quarterly Employment Confidence Survey – workforce.com/articles/four-creative-low-cost-ways-toeducate-employees-about-benefits. Watson Wyatt WorkAsia™, MetLife’s 2011 Study of Employee Benefit Trends, 2011 Aflac WorkForces Report, AON Hewitt – aon.com/human-capital-consulting/ thought-leadership/communication/article_employees_engaged.jsp.
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