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How Employee Benefits May Help Retain Teachers

 

June 23, 2020

2 minute read

Category: Benefits Strategy

Learn more about this blog article

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

Videos

Our video library includes enrollment preparation tips, product information, testimonials, and self-service support options.

 

Visit Our Video Library 

Benefits Websites

We can work with you to create a custom benefits website with enrollment preparation information and an enrollment appointment scheduler.

 

View a Sample 

Emails

Emails can be sent with enrollment reminders, available benefits, a link to your custom benefits site, compliance information, and instructions for filing claims and setting up online accounts. 

Print Materials

We can customize posters, flyers, postcards, and brochures to help ensure your employees understand their benefits and know when it’s time to enroll.

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.

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1Economic Policy Institute, Figure A, March 26, 2019. https://www.epi.org/publication/the-teacher-shortage-is-real-large-and-growing-and-worse-than-we-thought-the-first-report-in-the-perfect-storm-in-the-teacher-labor-market-series/

2NASSP: Making Teachers Stick; January 2020.

3BenefitsPro: 5 myths about enrollment that employers need to forget; June 24, 2019.

ESB-8163-0620

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https://americanfidelity.com/blog/strategy/benefits-may-help-retain-teachers/

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1Economic Policy Institute, Figure A, March 26, 2019. https://www.epi.org/publication/the-teacher-shortage-is-real-large-and-growing-and-worse-than-we-thought-the-first-report-in-the-perfect-storm-in-the-teacher-labor-market-series/

2NASSP: Making Teachers Stick; January 2020.

3BenefitsPro: 5 myths about enrollment that employers need to forget; June 24, 2019.

ESB-8163-0620

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