Modern compensation packages often include a wide range of benefits such as healthcare, 401(k), dental, vision, mental health and more, which can significantly impact employees' personal finances. However, employees may not fully realize these benefits' financial advantages when making their selections during onboarding and open enrollment. By making this connection clear to your employees, they will likely be more motivated to leverage the benefits available to them and make selections to better support their respective personal financial situations.

In “Open Enrollment as a Retention Strategy,” Northstar provides steps to improve open enrollment so employees can better utilize and understand the value of their benefits including:

• Tips on how to connect benefits to employees’ personal finances.
• Four steps for making benefits easier to understand and more relevant.
• Five data points to measure to identify areas for improvement.
• … and much more.

You’ll learn how to maximize the return on benefits investment by connecting benefits to personal finance to help increase employee enrollment, utilization and satisfaction to enhance overall company success.

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