It’s easy to put off starting your benefits plan review for the coming open enrollment season. There are always other projects that seem to take precedence, from supporting current staff members to onboarding new employees and coordinating retirements. With all of that activity happening throughout the year, it’s not surprising that many benefits professionals leave their research to later in the year, which can significantly expand your timeline for open enrollment, causing frustration for your staff — and more stress for you! Break this negative cycle by starting earlier than you feel like you need to and get your benefits plans decisions completed for the coming year.
Leave Plenty of Time for Research
When you have plenty of time for research, you are less likely to simply accept another version of the plan that you received the year before. There are ongoing changes needed for benefits strategies, based on the mix of your staff members and any regulatory changes that have happened over the previous year. Digging into these options early in the year will help ensure you have the time needed for detailed analysis into the complex decisions that will impact your staff — and your organization — for years to come.
Early Decisions Allow You to Communicate Potential Changes to Staff
Once your research is complete, question whether there are some significant changes that will be coming down the pike. Letting your staff members know about these details early in the open enrollment cycle allows you to create a greater degree of comfort and confidence once the benefits enrollment period begins. Reduce the number of questions and concerns (and stress!) for your HR and benefits team while also allowing employees time to wrap their heads around how any changes will impact them specifically.