How to Improve Employee Engagement with Benefits
How to Improve Employee Engagement with Benefits

How to Improve Employee Engagement with Benefits

If your workforce is more focused on where to go for lunch than achieving business results, that’s a problem. Many studies, including Paycor’s own People Management Report, confirm what we already know: Employee engagement is strongly connected to productivity, profitability and customer satisfaction.

It’s hard to argue that employee engagement is a bad thing. A recent Gallup survey compared businesses that ranked in the top 25% of employee engagement to those in the bottom quarter and found those in the top are 21% more profitable, 17% more productive, have 10% better customer ratings, experience 41% less absenteeism and suffer 70% fewer safety incidents.

Also, engaged employees are less likely to be actively searching for a new job. Employee turnover is expensive so it’s important to take whatever actions possible to avoid it.

cost to hire employee statistic

So, what motivates engagement? There’s not one exact answer—it’s up to you to determine what works best for your employees. Recognition and acknowledgement for a job well done is a good starting point, but that’s just the tip of the iceberg. How can you make your team feel connected to the company?

Do you need to offer a better compensation package? Additional training and development opportunities? A flexible work environment? Yes, those offerings definitely can help with employee motivation, but a solid benefits program can also have a huge influence on your employees’ overall engagement.

Benefits can Impact Employee Engagement

Chances are, if the human resources team at an organization isn’t focused on engagement, no one else will be. There’s no magic bullet that guarantees engagement but providing a great benefits plan should be a significant part of your strategy. Start with the fact that there’s now five generations in the workforce—creating a benefits plan that suits a multi-generational staff is imperative to keep workers at every age interested and engaged.

What once were considered non-traditional benefits are becoming more mainstream. Flexible hours, working from home, on-site fitness classes and regular free lunches are benefits more employees come to expect.

Even the way an office is designed can benefit employees. A sedentary office lifestyle is not conducive to today’s emphasis on health and well-being. Instead, work environments with an activity-based floorplan that encourages employees to move around and choose a workstation that suits them are becoming more commonplace. It could be a walking treadmill or standing desk, it could be a spot on the couch next to a window—whatever it takes to foster productive work which leads to greater employee satisfaction and engagement.

A Benefits Administration Partner Can Help

As benefits enrollment and administration becomes increasingly complex it can prove to be complicated and frustrating for your HR staff and employees to understand. Remember, your goal is to keep your teams engaged, not make their work lives more difficult. Working with a provider who’s “been there, done that” can ease some of the stress.

First, it’s important to find ways to simplify everyone’s day-to-day processes and minimize time-consuming, manual tasks. Eliminating paper and moving benefits enrollment and administration online is key. Everyone wins when you streamline the entire HR, benefits and payroll process.

Second, empowering your workforce to maintain their personal and team information from anywhere with an internet connection is an additional way to improve engagement. Self-service options help improve employee satisfaction across the board.

Third, offering interactive decision and support tools can help educate your employees on their benefits options and even give them recommendations based on their individual needs. Take the guesswork out of benefit decisions by offering a personalized plan comparison that can help your employees feel more in control. Bonus (!) it also eliminates an enormous administrative burden from the HR benefits team.

At Paycor, we want to help you make a difference in your organization. Ready to attract top talent and create more strategic benefits plans? With the right technology and expertise, you can take your HR operations to the next level.

Source: 1Society for Human Resource Management

More to Discover

Webinar: Customer Exclusive: Benefits Advisor Pro Demo - 2/17 @2PM ET

Webinar: Customer Exclusive: Benefits Advisor Pro Demo - 2/17 @2PM ET

This session is only for current Paycor CustomersJoin us for a customer-exclusive virtual tour of Benefits Advisor Pro and learn why it’s time to upgrade. After you attend, you’ll receive a $25 GrubHub gift card via email to enjoy lunch on us!Speaker: Kim Saldana Kim is a Senior Product Marketing Manager for Paycor’s Learning Management solution and is responsible for driving the go-to-market strategy for learning to Paycor’s customer base.Speaker: Rob Koors As Senior Client Sales Executive, Rob works with current Paycor clients as a consultant to add-on services that drive efficiencies and ROI within their businesses. Rob has a background of 5 years in the HCM space and while an expert in all of Paycor products Rob specializes in...

Webinar: Benefits Trends in 2021: Navigating the Impact of COVID

Webinar: Benefits Trends in 2021: Navigating the Impact of COVID

With the ongoing health and economic impacts of Covid-19 in our country, businesses have been required to pivot in how they operate in both safety in the workplace, employee relations and cost containment. This webinar is designed to help with practical steps that businesses can take to enhance employee safety, morale and compliance as they continue to operate in uncertain times. Highlights to be covered: 1. Employee Relations and Retention Strategies in a COVID-19 World 2. Ideas for ensuring employee morale and company culture doesn’t suffer and impact your operations 3. Highlights of benefits cost savings and new marketplace offerings 4. How technology has become key to employee engagement and benefits satisfaction. Speakers: Heather...

How to Use Employee Assistance Programs (EAPs)

How to Use Employee Assistance Programs (EAPs)

We talk about “work/life” balance, but in practice, there’s often not much of a line between the two. A problem in life can easily become a problem at work (or vice versa). That’s why so many companies now offer Employee Assistance Programs (EAPs), which give workers access to help, broadly defined: mental health help, financial planning help, you name it. There are also EAPs that offer assistance with childcare and elder care. Here’s everything you need to know about EAPs. What Is an Employee Assistance Program? EAPs are essentially a benefit, offering various kinds of free, confidential help for whatever kind of problem an employee may be experiencing. This often comes in the form of a phone helpline, assessments and counselling....

Webinar: Benefits in a Pandemic: What HR Leaders Need to Know

Webinar: Benefits in a Pandemic: What HR Leaders Need to Know

Building a benefits program for a diverse workforce has always been a top priority, but now it’s become both more important and complex. With so much change and uncertainty at work and home, employees are struggling to cope with isolation, loneliness and added stress. They may wonder if their employer is doing enough to help. This is an opportunity to come through for your people. It’s an opportunity to reevaluate your benefits offerings to make sure they deliver real value. With the right guidance and planning, your benefits program can be an unbeatable competitive advantage that drives retention and helps your company live up to its ideals and stand out from the crowd. Watch this webinar to learn new insights on the benefits that...