In the last two employer assessment surveys we conducted for medium-sized businesses (both since the recession started) – both employers were ranked very low by their employees with the statement “I know what my benefits are”. In addition, employees felt their benefits package was inferior.
One way small businesses can manage those issues (which go directly to morale and performance) is to communicate precisely what those benefits are worth to each employee. In fact, we’re designing those communications for those clients right now.
Take a look how she designed the compensation summary – it’s clear, concise, and communicates not only what is included in the employee’s benefits package but the dollar value on what it costs the company.