UBP blog

01/12/2009

Productive employees know how much they’re worth.

Filed under: employee benefit communication — ubpblogger @ 1:13 pm
Tags: ,

Productive employees also know the total cost of each individual benefit given to them. Knowing the complete value of their benefits leads employees to complain less about the benefit-related costs they incur. For instance, an employee may complain that he or she is required to contribute 100 dollars per-month to medical insurance coverage. However, when that same employee realizes that the 100 dollars is merely 10% of the total cost of the plan, he or she will appreciate the employer’s contribution of 900 dollars that much more than before. More than likely, this new level of appreciation will cause the employee to complain considerably less.

A simple way of calculating employee productivity involves taking an employee’s output and dividing it by an employer’s input (i.e. labor costs, hours worked). The components that go into an employee’s total output generally include performance related variables (i.e. dollars in sales, units produced) as well as measures of workmanship, adherence to company rules and regulations and the absence of complaints. If fewer complaints means higher levels of employee output and employees who know their worth make fewer complaints, it is plain to see that a clear, comprehensive benefits communication plan increases employee productivity.

The HR in a Box™’s Total Compensation Statements are designed to clearly communicate each employee’s net worth to a company in terms of salary plus employer contributions for each individual benefit. Tabular and graphical cost break-outs allow both verbal and visual learners to view the total picture of their benefits and compensations.

Isn’t it time your employees stopped taking your contributions towards their benefits plans for granted?

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