High employee satisfaction levels lead to increased productivity and improved morale. But employee satisfaction is complex, consisting of many dynamic factors. One of these factors is the employee's satisfaction with company benefits, whether they are financial, health, or fringe benefits.
Providing valuable and desired benefits not only improves employee satisfaction, but decreases employee turnover while enhancing recruiting efforts. Conducting a regular employee benefits survey using online survey software can help companies tailor their employee benefits plans to obtain the highest level of employee satisfaction, productivity, and stability.
Fully customized employee benefits surveys help employers find out about how their employees feel about their benefits. It is a survey tool that helps employers determine the overall effectiveness and satisfaction of its current benefits program.
Specifically, an employee benefits survey tool constructed using survey software enables human resources managers and organization leaders identify which employee benefit components are most valued by employees. When it is time to add enhancements or make changes to an existing benefits program, employee benefits surveys, can help identify which enhancement employees favor the most.
Employee benefits programs allow organizations to be proactively and get feedback early on in order to strategically design next year's benefit program. A well-planned employee benefits survey can also help executives confirm or deny rumors or assumptions employees are thought to have concerning their benefits. An initial employee benefits survey serves as a baseline for which future benefit programs, including enhancements and changes, can be measured.
In addition to measuring the satisfaction level of an employee benefits program as a whole, individual components of a benefits program can be evaluated. For example, the communication about and information available about the benefits program can be measured as well as employee involvement in various sectors of the program. Feedback on an employee's knowledge of various aspects of the benefits program can be obtained.
Employee benefits surveys can go beyond the basics. For instance, questions can be constructed to gain feedback on the company's concern for family and other issues outside of work in order to dig deeper. It's also a good idea to consider having open-ended questions on certain topical areas, which can provide even more insight into sensitive or critical topics.
Areas of interest in employee benefits surveys vary widely and include health insurance (quality and cost), vision benefits, dental insurance, vacation time, paid leave, sick pay, retirement plans (vesting and matching), child care benefits, disability insurance, life insurance, educational reimbursement, parking reimbursement, wellness programs, flex schedules, telecommuting, cost of benefits, and more.
There is a wide variety of advantages to be had through conducting an employee benefits survey. If results are published, job seekers can use the information to make employment decisions. Employers and economic leaders can use the results to assess their competitive advantage in the labor market. Both employers and job candidates can use the results of an employee benefits survey tool in employment contract negotiations and evaluating job offers -- whether giving or taking.