49: Percentage of employees who don’t understand their benefits
About half of employees don’t understand their benefits, and 80% of employees never open benefits communication, according to data from the International Foundation of Employee Benefit Plans cited in a presentation during HRE’s Health and Benefits Leadership Conference earlier this month. “Although benefits are the reason many choose an employer, awareness about how the benefits work is really left to chance,” says Dana Baker, director of Mayo Clinic’s Complex Care program.
What it means to HR leaders
Employees have long been confused, frustrated by or uninterested in employee benefits. But in many ways, the