Use open enrollment as an opportunity to evaluate how well your benefits strategy supports your employees and your business.
Open Enrollment Starts Before Employees See Their Election Forms
For many employers, open enrollment becomes an annual exercise in reviewing rates and distributing paperwork. But organizations that get the most value from their benefits program start by asking the right questions before enrollment begins.
1. Are Our Benefits Helping Us Attract and Retain Employees?
The labor market remains competitive, particularly for skilled construction professionals. Employers should evaluate whether their benefit offerings align with what today’s workforce values, from affordable health coverage to voluntary benefits and mental health resources.
2. How Do Our Benefits Compare to Similar Employers?
Benchmarking can provide valuable insight into whether your plans remain competitive. Understanding how your offerings compare to other employers in your industry can help identify gaps and opportunities.
3. Do Employees Understand and Use Their Benefits?
A strong benefits package has limited value if employees do not understand it. Employers should assess communication effectiveness and identify opportunities to improve engagement.
4. What Should We Be Planning for Next Year?
Open enrollment should not only focus on the upcoming plan year. It should also help employers prepare for future workforce needs, compliance changes, and benefit trends.
Bottom Line
Open enrollment is more than a deadline. It is an opportunity to evaluate whether your benefits strategy is supporting both your employees and your business goals. Starting the conversation with your benefits broker early can help you review your options, identify priorities, and prepare clearer employee communications.
For support on this or other employee benefits topics, please reach out to the OneGroup Employee Benefits Team.
This content is for informational purposes only and not for the purpose of providing professional, financial, medical or legaladvice. You should contact your licensed professional to obtain advice with respect to any particular issue or problem.
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