Welcome to eni’s BalanceBenefits … we are expert designers of integrated benefits solutions, individually tailored to meet your unique and evolving benefit needs!
We’ve introduced our integrated benefits model, which includes a Benefits Information Line and Web Portal, and learned how our Integrated Benefits and Human Capital Design teams assist us in designing a customized integrated benefits model for your company resulting in a real ROI (“return on integration”)! Using a “life events” focus, we’ve explained how we connect employees to their benefits through “knowledge points” while supporting your corporate culture. Our last entry illustrated how you can win the talent war using our integrated benefits solution to retain talented employees and recruit skilled new employees.
Today we are going to talk about how benefit integration can help increase employee engagement with both their benefits and their job:
Employee engagement is a number one priority in 2015 for HR professionals according to a recent study conducted by VirginPulse. Why is this a top priority for HR? Well, for starters, because a majority of employees (68.5%) are “not engaged” or are “actively disengaged” according to a 2014 Gallup Report. In a 2013 report, Gallup estimated that, “actively disengaged employees cost the U.S. between $450 billion to $550 billion each year in lost productivity.” Disturbingly enough, Gallup concluded that these “workplace engagement levels have hardly budged since Gallup began measuring them in 2000.”
Next, employee engagement is extremely important to organizational success. Specifically, Gallup has consistently found “close ties between engagement and outcomes such as turnover, profitability and productivity”. In fact, a 2015 Gallup article noted that “as the percentage of their employees who are engaged at work increases, companies find themselves better positioned to grow”.
Although employee engagement is extremely low within most organizations, it is incredibly important to an organization’s success. So how can benefit integration increase employee engagement? Well, benefit integration increases benefit awareness, benefit understanding, and benefit connectivity; makes benefits more accessible; and reduces benefit confusion, which together works to increase employees’ engagement with their benefit package. Employees, who are engaged with their benefit package, feel more satisfied and supported by their benefits as well as significantly more engaged with their job.
By integrating your benefit package, employees will be significantly more engaged with both their benefits and their job. Furthermore, by increasing your employees’ engagement with their benefit package, benefits will be used at a higher level, ensuring that your investment in your benefit dollars is not wasted. Increasing your employees’ engagement impacts your company positively on multiple levels, including profitability!
In summary, benefit integration can help to increase employee engagement with their benefits package and with their jobs!
Learn more about our integrated benefits solutions and join the HR revolution by reviewing BalanceBenefits on ourwebsite. You can order “Beyond Benefits” by Gene Raymondi, CEO and thought leader on Integrated Benefits Solutions, watch our integrated benefits video, or simply request more information.
We look forward to helping you with your benefit needs!