
Employee Onboarding Best Practices: How Benefits Education Increases Retention
The saying about first impressions lasting longer applies to corporate settings as much as a casual relationship. How employees view a company and its processes on their first day sets the tone for what they’ll come to expect and deliver as they continue to work with it.
Onboarding is an important aspect of employee engagement and retention because it fosters a sense of belonging, enhances productivity, provides clarity, helps employees understand the company culture, and reduces employee turnover.
Proper onboarding practices help make employees feel valued right from the first week of joining an organization when used for benefits education purposes. This is because it creates a sense of support and belonging, helping employees feel that the company cares about their lives and futures.
It also helps them understand the different benefits packages and what they are entitled to, helps foster a stronger work culture, and allows employees to feel supported through the availability of these benefits.
Why Benefits Education Matters in Onboarding
No onboarding process is complete without benefits education. Though changes to plans and updates can be made during an employee’s lifespan with the company, it is important to provide adequate benefits education to help them feel valued and appreciated.
Here are reasons benefits education matters in onboarding:
1. Helps employees understand and maximize their benefits
Adequate knowledge of benefit programs and providers helps employees start a long-term plan towards a better future. From insurance to retirement and vacation, there are many programs available with varying plans. With benefits education, employees can understand these plans and choose the best options that align with their short-term and long-term goals, ensuring that their benefits are fully maximized.
2. Reduces confusion and frustration with benefits selection
The biggest challenge with benefits programs is information overload. There are many plans and providers, which can confuse and frustrate new employees during the onboarding process. This can also lead to employees abandoning the benefits programs.
Benefits education ensures that employees can select the right benefits programs that suit their needs without confusion or frustration.
3. Enhances job satisfaction and loyalty
Educating employees about their benefits from onboarding instantly tells a new employee that an organization has their best interests at heart. This enhances job satisfaction and loyalty, allowing them to feel supported, valued, and motivated to perform optimally at all times.
Best Practices for Integrating Benefits Education in Onboarding
To ensure that benefits education is properly integrated into onboarding, prioritize communication using simple information and multiple access points (online portals, handbooks). Also, incorporate interactive elements where employees can communicate with HR teams or chatbots to answer any personalized queries.
Here are some best practices for integrating benefits education in onboarding:
1. Start early
Start educating your employees about benefits options before they officially resume their duties. Use welcome emails, benefits guides, or short explainer videos to tell them about the options available and how they apply to them. Doing this helps new hires come prepared with questions, leading to faster decision-making.
2. Use multiple channels of information
There are different educational formats available that serve different learning preferences. Create a list of webinars, ebooks, explainer videos, live hostings, and digital and printable benefits guides for employees to select from. This ensures that employees can get the information they need from any preferred source.
One-on-one sessions with HR and benefits specialists also offer personalized explanations.
3. Offer personalized guidance
Employees may come from varying classes, but their needs may be similar. Create groups and tailor information to employees based on their demographics. Highlight relevant benefits to help employees see the direct results of their benefit packages, making decisions easier.
4. Take advantage of interactive tools
Benefits administration software with self-service portals doesn’t just make the process stress-free; it also helps employees navigate benefit programs with ease and purpose. Use benefits calculators and comparison tools to help employees choose between different options. These tools provide personalized insights into tailoring their programs to suit their needs.
5. Regular follow-ups
After onboarding, offer Q&A sessions as well as regular follow-up sessions. This keeps employees updated about new updates, changes, or any information they need to make better decisions about their benefits.
How Effective Onboarding Improves Retention
One of the major goals of onboarding is to reduce employee turnover in a competitive business world. Here’s how effective onboarding helps improve employee satisfaction and retention:
- Employees feel supported and valued from the start. Effective onboarding, especially with benefits education, helps employees feel supported on the first day. This reduces dissatisfaction and increases loyalty.
- Informed employees make better benefits choices. When an organization provides valuable benefits information to their employees, these employees can make better decisions and feel secure in their position or career path. This leads to stability and confidence, allowing them to perform at their best.
- Reduces turnover by addressing benefits-related concerns early. When benefits-related concerns occur after years of service, employees may feel unsupported from missing out on programs that serve their needs. Effective onboarding improves retention by addressing these concerns early, helping them make lasting decisions or updates as needed.
Conclusion
Benefits education during onboarding helps educate new hires about the benefits programs available and how they can maximize this knowledge for a better life. It also reduces confusion and helps businesses retain talent and gain loyalty.
Investing in a structured onboarding strategy helps companies create a plug-and-play process that serves them over time, allowing them to comply with federal and state laws and be responsible to their employees.
Creating a structured onboarding strategy with your in-house team adds significant workload and does not ensure effective information dissemination. Working with a trusted benefits administration service provider helps you benefit from years of experience in employee onboarding with companies and organizations similar to yours.
At Enroll UR Benefits, we provide a tailored approach to employee onboarding and benefits education in ways that support your business goals and lead to employee retention across teams. Talk to us today.