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In the war, for talent, the results show that clearer employee benefits information is needed for companies to win, recruit and retain talent.
Furthermore, 94% of younger employees between the ages of 25-34 agreed that better labelling would help their decision process. And according to the same research, communication regarding benefits is often sporadic, with less than two in five (37%) respondents stating that their employer is very transparent and helpful when it comes to workplace benefits.
A third (31%) wish that their employer would provide more information, and one in five (19%) said they only received benefits information when they first joined and never again after that. More than one in ten (13%) would have no idea who to ask for further information.
Who is responsible for making sure that employees understand their benefits? According to the survey, 32% of respondents believe this falls to their employer. However, a fifth (20%) would pin responsibility on both employers and product providers/insurers. A similar proportion said they are responsible as an individual (19%), rising to a third (33%) of respondents aged 25-34, the highest of any other age group.
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