Those managing the open enrollment process are often so close to it that they fail to realize just how confusing it can be for employees who may be new to the organization, unfamiliar with employee benefits, or entering a different life stage. In many cases, the selections made during open enrollment will have a significant impact on your employees' financial health throughout the year, so equip the team with tools and resources that help them make informed decisions based on their unique needs. Providing clear examples of the various plan options and detailing who would benefit from each one is a smart strategy for translating confusing benefits-speak into terms your employees can understand and appreciate. Go the extra mile by offering live Q&A sessions focused around frequently-asked questions to ensure employees feel confident in their elections and see the value of your total compensation package.
It is common sense that the HR is responsible for reflecting the company's values through the benefits offered. The departament manages the benefits according to the company's strategic vision. The goal is to create a good organizational environment and positively impact the employees with a better quality of life at work. One way to ensure that open enrollment runs smoothly with the least stress is to understand the different profiles of employees and to offer and assist in the choice of more relevant benefits. Through careful analysis, HR must develop customized benefits policies. Everything must be aligned with the individual needs of the employees and the company's conditions and culture. In this sense, it's also important to keeptrack of what today's market practices and creates regarding benefits once shifting needs are faster and faster.
Financial Advisor, CFP®, MBA, APMA®, CRPC® at Rise Private Wealth Management
Answered 3 years ago
Some employees may believe picking a health plan with the lowest premiums and deductible will guarantee the cheapest out of pocket cost to them, but don’t consider something like a High Deductible Health Plan with an HSA. An HSA is a tax-advantaged account that enables you to use pre-tax money to cover eligible, out-of-pocket medical expenses. Funds that aren't spent in the calendar year can be rolled over, allowing you to build up your HSA during your working years to provide you with access to tax-free withdrawals to cover health care expenses in retirement. It also can reduce your taxable income in the year you contribute, with limits changing each year. Providing education and helping employees understand the implications of their choices on their financial future can allow them to be more engaged in your company.
The lifeblood of an organization is good communication and for Open Enrolment, good communication is not an exception, it is must! So as open enrolment looms, allow it to run smooth and stress-free. Ask yourself. Is your communication plan all-encompassing, taking into consideration the needs of the employees? Do you include stakeholders? Is your communication clear and free of jargon? Do you communicate on an on-going basis and allow for feedback? Do you utilize different media platforms? Do you make use of employees compelling stories of their experiences? Is your communication plan inclusive? Do you re-assess your plan for continuous improvement? Did I hear you say No to any of the above questions? If you did, I implore you to develop a communication plan that considers the needs of your people, they are your greatest asset!
First Senior Vice President / Chief Administrative and Human Resource Officer at North Brookfield Savings Bank
Answered 3 years ago
Having a smooth open enrollment hinges on one phrase; start early and communicate often. With open enrollment around the corner it is important to communicate to your employees along the way with small messages of importance so that you don't do one overwhelmingly large data dump on meeting day. Including spouses on meetings and communicating to those decision makers is also key.
More than likely, your employees are curious or even anxious about the upcoming changes to benefits during Open Enrollment. Keep them informed and educated. Build a roadmap with visible milestones and expectations that you maintain and keep updated for employees to view on-demand. Open Enrollment should be an experience that employees look forward to, a chance to learn how their feedback was used throughout the year to enrich the new benefit plans. Don’t assume that employees remember the process from last year or comprehend the benefit jargon. When it comes to Open Enrollment, you can’t go wrong with oversharing and educating nonconfidential information. -Abigail Caldwell- People Operations and HR Director at vFairs
Set a clear deadline early on. Start way before even the enrollment season starts. In your enrollment letters or collateral, make the deadline date super prominent. Mention it wherever possible; in meetings and emails. Keep sending constant reminders. Setting the deadline will set clear expectations; and will also make everyone submit their applications on-time. Make sure you’re flexible with the deadline; give as much time as possible by starting early on.
Make it clear that open enrollment is available. Anyone who is eligible for coverage should be aware of the option to enroll during open enrollment. One way to do this is by sending employees an email or text message informing them when open enrollment is available. Another option is to post information about open enrollment on your company intranet or calendar. You can also include this information in employee handbooks or ask employees to consult their employee handbook before making any decisions about their benefits options during the open enrollment period.
CMO at Schwartzapfel Lawyers
Answered 4 years ago
Make sure Employees are informed ahead of time, before open enrollment begins. Expect people to be forgetful and or put it off unless they're reminded. To that end you may want to set up automated weekly reminders both before and during the enrollment process. This may help pick up any stragglers who are slow to act or forgetful. You may also want to increase the frequency or urgency of your call to action as the enrollment period starts to reach it's end. These steps should help to make sure anyone who wants to enroll will have every opportunity too.
There is always that one employee that doesn't submit their paperwork on time for open enrollment. The best way to ensure every eligible individual submits their documents on time, is to clearly communicate deadlines through multiple platforms. Send out reminder emails, direct messages, and even physical letters to all employees to ensure they are aware of upcoming dates. Track which employees are behind on deadlines and follow up with them personally to ensure they get their items submitted on time. With the stresses of work and personal life, some people simply lose track of time. Gentle reminders throughout the month can go a long way for people who struggle to keep up with due dates.
In my opinion, set up a system for handling employee enrollment in benefits. What kind of user experience, efficiency, and integration do you have with your current HR technology platform? If it doesn't, it might be time to switch HR software. Whether or not open enrollment for employee benefits goes smoothly and efficiently depends on the platform you use. In addition to conducting a review of your existing HR technology, you may wish to think about implementing a mobile enrollment communication plan, such as texting reminders of crucial enrollment deadlines or providing mobile-friendly educational videos.
Consider delivering a session on the benefit opportunities for employees. Many employees usually do not read the material provided, especially from an insurance institution, yet they need to comprehend their options; this indicates it is in everyone’s finest interest if the employer delivers overviews of the alternatives. Every employee will encounter differing conclusion aspects; to enable them to choose, consider having informative sessions to describe each alternative and to give details on what aspects each person should believe in the judgment. By bearing the moment to aid employees in honestly comprehending their advantage opportunities, employers can decrease employee anxiety and stress about the procedure.
One thing that can overcomplicate open enrollment is when too many steps must be taken before anyone can complete their application. The process can already be tedious. That's why employers should find a way to simplify their instructions so that more employees can clearly understand what they are supposed to do. Application materials and other contents should be shared in one communication channel that is available to all. There should also be daily notices for the progress of the enrollment.
Here’s a strategy for your HR team to make the whole open enrollment process smoother, reducing stress on everyone’s part. Even though it’s only once a year, ensure that any issues related to health benefits stay at the forefront of the conversation. Remind employees about wellness initiatives to promote increased participation. Set up Q&A sessions with a benefits specialist, on-site health screenings, or fitness classes. Regularly send out email reminders about these resources, encouraging annual health check-ups. With these pieces in place, keep your workforce well-informed (and hopefully healthier, too), allowing open enrollment to be a stress-free process.
My best tip is to create a brief educational resource that covers all aspects of the open enrollment process. This resource should include information on how to enroll and what benefits are available, as well as a list of FAQs and a glossary of terms. It should also include information on who is eligible for what benefits and what documents are required. You can also add helpful links to other resources that may be useful for your employees to help them through the enrollment process. This way, employees can use this resource to learn more about their benefits before they enroll, so they know exactly what they're getting into. This will help HR professionals reduce stress levels by ensuring employees know what's expected of them before making any final decisions about their health care plans.
In any process, information is key. HR professionals should equip their partners and support teams with data and key messages. You can begin the conversation with FAQs and talking points to get things rolling. It would be best to have a team besides you that can answer employees’ questions without facing any difficulties. When the enrollment season begins, ensure your message is consistent across various platforms. It helps reduce stress for individuals looking to apply at your company.
Communication is key to open enrollment. Early messaging and getting the right information in front of people is important, but so is giving them a chance to get further details and ask questions. This is often where the greatest friction comes from around open enrollment - people have questions and concerns, but can’t get them adequately addressed. That is why I think it is a great idea to open up as many lines of communication as possible with your workforce. Create a dedicated email inbox for open enrollment questions. Create a Slack channel. Have rotating open office hours for employees to pop in. In short, do whatever you can to make sure all avenues are open for people to talk to someone on the HR team and get their questions answered.
Start informing your employees now. Although open enrollment is a routine part of the HR world, not every person is familiar with it. For many reasons, the average person may have never utilized this option. If you start sending out detailed information early, you give team members time and an opportunity to address any questions they have. This will ensure a smoother open enrollment period.
It’s a known fact in the organization an open enrollment brings so many hassles d headaches for the employees, especially for the HR professional but you can escape from the hassle if you plan it accordingly. With a great plan of action and an early start of the process, you can run the open enrollment smoothly. I recommend that it is always better to start the open enrollment early as when you close the one open enrollment process, start analyzing the data gathered and take an in-depth look at the decisions of the employees in terms of all the manner that you are responsible to look in, the start the process immediately after so that you may have a large time to look around and negotiate the best plans for the coming Open enrollment.
Founder & CEO at GerdLi
Answered 4 years ago
Set yourself up for success by getting HR software that supports DEI initiatives. It’s so important that HR professionals use unbiased hiring practices and technology can help with that immensely. For example, HR leaders can choose software that eliminates unconscious bias during the hiring process, helping to create a diverse and inclusive workforce. I highly recommend this because unconscious bias is a sad fact we have to face - we may think we are clear of biases, but, we simply aren’t yet. We need technology to help us with this. So the best way HR professionals can set themselves and their company up for success is to choose the HR software that focuses on DEI and ensure that the right steps are being taken from the very beginning.