Why a Data-Driven Approach to Your Enrollment Is Important
The right technology can help benefits administration run smoothly and successfully. From adding new hires to managing employee life changes, the administration side of employee benefits can be both complex and time-consuming. Whatever system you choose, you need to ensure a fast and efficient transfer of data. However, providing accurate data before enrollment begins is also critical to your enrollment’s success.
Here are some advantages of providing good data before an enrollment:
Employer Benefits
| Reduced Errors | Correct data reduces the chance of preventable issues and errors. |
| Billing Accuracy | Helps prevent paycheck deduction problems and billing issues from the start. |
Employee Benefits
| Data privacy | With pre-loaded data, the risk of exposing sensitive information is reduced. |
| Time savings | By confirming data on-site versus asking for information, your employees can get back to their jobs faster. |
| More education | Employees have more time to focus and ask questions about their available benefits when data is supplied ahead of time. |
In addition to being able to provide more education during a benefits review, when a benefits counselor can see correct data immediately, they can tailor their conversation for personalized benefits recommendations.
Research shows a guided, personalized enrollment is one of the most effective benefits education techniques.
92% of individuals report being Very Satisfied or Satisfied with one-on-one enrollments with an account manager.1
Ensuring your employees get the full amount of time they deserve to review their benefits is critical to making the wisest decisions. Set your employees up for success by providing accurate data before their personalized enrollment session. Speak with your American Fidelity account manager today.
This blog is up to date as of September 2020 and has not been updated for changes in the law, administration or current events.