Effective benefits communication in the workplace
Research conducted by Mybenefitsatwork has uncovered that the vast majority of employers (95 per cent) believe the responsibility lies with them to keep their staff informed about changes to pensions legislation.
Mybenefitsatwork ( www.mybenefitsatwork.co.uk) is a new online service launched by the award-winning national firm of financial advisers and Secondsight’s Parent Company, Foster Denovo Limited.
It enables employers of all sizes to communicate their employee benefits to their staff through an interactive website.
The research also went on to uncover that more than half (51 per cent) of employers provide communication of their benefits via a staff handbook. Nearly half (49 per cent) state that this communication is done via a newjoiner induction programme.
83 per cent of employers believe that if staff had a full understanding of the benefits provided to them, this would make them more loyal and have a positive impact on retention. When the same was asked of employees, 80 percent said they would be more loyal to their employer.
Ian Bird, business development director at Foster Denovo and founder of Mybenefitsatwork, said: “The research has uncovered some interesting findings. What is clear is that employers need to become better at communicating the benefits that they offer to their staff. In doing so,their employees are likely to be more engaged and committed to their employer.