Employee Benefits Market Check Survey: 2022 Annual Enrollment Methods

Annual enrollment season is once again approaching for many employers and employees. This time of year can cause stress and anxiety for both Human Resources staff and the general workforce. Annual enrollment is a critical part of a company’s benefits strategy. Still, many employees remain confused by the offerings available and enrollment process and do not spend an appropriate amount of time reviewing their options.

We conducted a poll during a webcast on October 21 to gain insight into employers’ plans for the following year. We compare these results against responses taken from the same poll in October 2020. The results are in the charts below.

Key Findings
While we see the adoption of digital tools, there remains a high percentage of employers relying on paper materials during annual enrollment. Embracing technology allows employers to reach all segments of their workforce in a more meaningful way. Companies that provide robust employee education and a smooth enrollment experience are rewarded with higher employee satisfaction and greater engagement with the benefits program. Further, employers who leverage technology solutions are rewarded with less administrative work for their HR teams, fewer errors, and easy access to enrollment metrics and data.

Regardless of how you communicate your benefit options, be clear, concise, and frequent. Having a well-thought-out enrollment strategy can assist an employerin achieving its employee benefit goals.

Should you have any questions regarding any of this information, please contact your local Assurex Global adviser.