by EmpyreanElevate Your BenAdmin RFP to Drive Improved People & Benefits Experiences
Employer-sponsored benefits play a key role in any organization’s ability to achieve its people-related goals, whether it be through building a positive workplace culture, better attracting and retaining talent, supporting diversity and inclusion, or improving employee health and wellness.
But the success of your benefits program is about far more than plan design. To be truly successful, your people need to be able to recognize the value of their benefits, understand how to choose and use the best benefits available for their unique situation, and then make the connection between these benefits and your company culture.
Research has shown that employees cite the need for better benefits as a top driver for finding a new role. However, 58% of U.S. workers who quit their job in 2021 said the benefits offered by their new employer were the same or worse than at their last job.
This raises an important question: If your employees understood the value of the benefits program they already had, would they have jumped ship?
This data and many similar studies make it clear that employees need help understanding the value and impact of their HR and benefits programs.
HR and benefits leaders also need support in the form of a strategic partner to help them leverage the value of their benefits to help them meet their people-related goals and the goals of their overall organization.
Finding the right strategic partner starts with your RFP.
As the impact of your benefits program continues to broaden, so does the influence of your benefits administration technology and service partner.
To help you take a more strategic approach to evaluating a potential BenAdmin vendor, we have developed key RFP questions and prompts designed to help you find a partner that can improve your people and benefits experience, and ultimately, your bottom-line results.
Download our strategic guide for insight into how you can expand the breadth of your BenAdmin RFP to find a partner that can holistically support the organization you are today and the one you strive to become in the future.