Greg Orcutt

 

Orcutt & Company, CPA

936 State Route 28, Milford, OH 45150

 

Phone:  513-576-1989 

 

Email: greg@orcuttfinancial.com

September 2020

Open Enrollment Planning

Open Enrollment Planning

Open enrollment is an important process that usually takes place November 1 through December 15. But for employers, planning starts much earlier. Planning ahead can result in savings, a smooth enrollment process and ensure you are offering benefits that help recruit and retain the best talent. Here are some tips for success:


EVALUATE BENEFITS
Look at the menu of benefits you currently offer. Research has shown that after health insurance, many employees value low-cost options such as flex time, more paid vacation days and work-from-home options.


KEEP IT SIMPLE
Assume most employees know little about health insurance and retirement plans. Educate them on the basics.


USE OF MULTIPLE MEDIUMS OF COMMUNICATION
Consider your employees’ age, education levels, English language skills and tech savvy. Then employ a combination of methods to get the word out. Don’t rely on technology alone. Supplement it with employee meetings, email, envelope stuffers, and direct mail.


START EARLY
Get your plans, benefits and options out to employees a month before open enrollment. This gives your workers time to discuss their benefits with their families.


REMIND EMPLOYEES
Tax changes can throw withholding out of whack, so remind your staff to check how much is being withheld from their checks.


COMMUNICATE YEAR-ROUND
Communicate the value of your employee benefits and wellness packages all year round. This will help employees to appreciate that this is part of their compensation.


SUBSCRIBE

Enter your Name and Email address to get
the newsletter delivered to your inbox every month.


CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.