Research indicates only 21 percent of employers think their employees have a good understanding of their benefits
Los Alton, Calif. (PRWEB) June 17, 2009
ThriveOn, Inc. unveiled its Web-hosted workplace financial education service, a comprehensive approach that helps employees make better use of their organization’s benefits and achieve financial security.
The ThriveOn Benefits and Open Enrollment Learning Center is designed to help employers grappling with how to effectively educate employees on workplace benefits. Engaging multimedia lessons provide in-depth and self-paced information about increasingly complex benefits offerings. ThriveOn provides anytime access to benefits education, and can be customized to support key HR events like open enrollment, new hire training and benefit program changes.
ThriveOn’s benefits communications lessons enable HR professionals to maximize their benefits and financial program investments through high-impact communications. This is particularly important as companies may be introducing changes to premiums, deductibles, subsidies, 401(k) matching programs and more. Employees are educated on benefits and compensation topics through a lively approach that’s a welcome change to the standard fare of thick benefits manuals, brochures and static Web pages.
“Research indicates only 21 percent of employers think their employees have a good understanding of their benefits,” said Keith Kitani, founder and chief executive officer. “Such statistics should be alarming, especially in this difficult economy. Uninformed employees are less likely to choose options that are best for them and their employers—like enrolling in tax deductible programs and consumer directed health care plans. They also put more demand on HR call centers, and are more likely to leave the company.”
Employers are now a primary source of financial and health products for employees, according to the MetLife annual benefits survey. This is an important shift, as employees now depend on their employers for the guidance required to secure their financial futures. Companies need to provide a better way for employees to understand benefits and financial offerings.
As more companies move towards open enrollment this fall, ThriveOn can provide the necessary tools to help employees better understand and value their benefits, choose options that benefit both them and the company, and integrate their company-sponsored benefits and offerings with their personal financial plan.
The company’s Financial Wellness Center helps employees avoid pervasive financial distractions that add stress, lower productivity and adversely affect health. ThriveOn experts point out that major employers are beginning to get the message: IBM, Pepsi Bottling Group, and Home Depot have already implemented financial education and planning programs for their employees.
ThriveOn delivers Web-based HR software for educating employees on important HR topics like employee compensation, benefits and financial wellness. By leveraging the latest Web technologies and trends, ThriveOn delivers cost-effective, multimedia education designed for today’s workforce. ThriveOn’s customized training solutions improve company performance by managing benefits costs while reducing employee turnover, productivity drains and financial stress; http://ThriveOn.com .
Joseph A. Larocque
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.