The pitfalls of uncoordinated benefits and the potential costs of low engagement in employee benefit programs are very real for employers and their employees. In partnership with Mediaplanet’s Employee Benefits and Well-Being campaign, we illustrate a few hidden costs of these common challenges.
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1U.S. Department of Labor, Bureau of Labor Statistics, Employer Costs for Employee Compensation, December 2016, https://www.bls.gov/news.release/archives/ecec_03172017.pdf.
2Ayco Sample Outcomes Report, March 2018, includes all assessment, coaching and login data across Ayco's book of business through 9/13/2018.
3Financial wellness score determined by assessment of individual’s complete financial picture. Ayco’s Outcomes Report, September 2018. Figure compares users who utilized financial coaching prior to taking the assessment to users who did not utilize financial coaching prior to taking the assessment.
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Trends in the benefits offered during 2020 annual enrollment