How Employee Benefits May Help Retain Teachers
Attracting new talent can be a challenge for any employer, but it can be exceptionally hard for the education sector due to the increasing teacher shortage. According to the Economic Policy Institute, the number of public school teachers is expected to decrease by almost 100,000 in the next five years.1
Retaining the people you’ve worked so hard to develop is more important now than ever. Especially when more than 50 percent of teachers quit teaching before reaching retirement in the U.S.2 Offering a robust benefits package that includes supplemental insurance options may help attract and keep them. And when you include a benefits education strategy to help your employees better understand their options, you may make yourself an even more desirable employer.
Benefits Education May Also Help
When employees don’t understand their benefits options, it can leave them feeling confused during open enrollment. Many employees will even opt-out of purchasing any benefits at all if they don’t feel equipped to make intelligent choices. This can lead to gaps in coverage and financial difficulties.
Offering educational videos, one-on-one sessions with an account manager, brochures, and more can help your employees understand their benefits and give them the confidence they need to enroll every year. In fact, 93% of employees who have participated in one-to-one benefits counseling sessions found them valuable.3
Don’t let the lack of a robust benefits package or educational resources be the reason you lose top talent. Learn more about our communication and education strategy so you can keep the teachers you have and be a top pick for job seekers.
This blog is up to date as of June 2020 and has not been updated for changes in the law, administration or current events.
Related Strategy Articles
As a result of one of the hardest years the world has seen, there’s a spotlight on overall wellbeing including financial, physical, and mental health.
Is your organization dedicating enough resources to creating and executing a benefits education strategy?
You may want to think twice before having your employees enroll themselves in their benefits.