It’s that time of year again! Open enrollment for 2021 is in full swing. Some may be asking, what does this annual event represent and how well can it serve you and your company, especially during these challenging and uncertain times? Truvelop is here to shed some light on how important open enrollment really is, what we can do to help, and a couple of good insights and recommendations from Truvelop’s Co-Founder and CEO, and tenured HR leader, Lisa First-Willis.
WHAT DOES THE OPEN ENROLLMENT SEASON REPRESENT?
Historically, open enrollment was the time of year that employees made their annual benefits selections for the upcoming year. However, open enrollment season is quickly evolving as it becomes more than just health, dental, and vision, and more about the total employee experience. There are other benefits offerings available in the marketplace today that provide intangible benefits, such as personal and professional development opportunities, career planning, mentoring, wellness programs, corporate giving, volunteer opportunities, rewards and recognition, retirement, and long term savings to name a few. Today, more and more companies are seeing open enrollment as an opportunity to showcase how much they truly value their employees and the amazing employee experience they provide.
WHAT DOES OPEN ENROLLMENT MEAN FOR HR PROFESSIONALS? AND HOW DO TOOLS LIKE TRUVELOP COME INTO PLAY?
Open enrollment time is also when the HR team has an opportunity to come together, strategize, and set the stage for the upcoming year. Experienced HR teams will review important metrics such as employee retention, turnover (regrettable and non-regrettable losses and the reason for leaving), program participation rates and internal employee satisfaction or survey data, culture ratings and core value awareness or adoption. Personal and professional development along with up-skilling have become an important part of the employee experience. This is where an app like Truvelop adds value. Truvelop’s continuous performance management and development technology helps identify developmental opportunities for all employees as well as who may be at risk of leaving if they are not provided an opportunity to learn and grow. Truvelop even provides data-driven insights and actionable recommendations for managers to follow that promote a positive, engaging employee experience.
HOW DO WE BELIEVE THE EMPLOYEE EXPERIENCE HAS CHANGED?
From the beginning of 2020, the employee experience has changed in many ways. With many employers shifting to remote work, the focus on increasing communication and engagement has come center stage. The consistency and frequency of communication between managers and employees – regardless of where they are working -- is a critical component of employee engagement. Using technology such as Truvelop’s Spark feature to deliver instantaneous feedback allows managers and employees to engage in real-time conversations using the mobile or desktop App. It’s really that easy.
LOOKING FOR NEW AND CREATIVE WAYS TO IGNITE YOUR EMPLOYEE EXPERIENCE?
If you are looking for new and creative ways to ignite your employee experience, I recommend checking out these companies that I have come to know as a member of the start-up community here in Baltimore. I love what these companies are doing and if I was still leading HR, I would definitely consider adding these programs.
Givhero is an employee well-being, engagement and community impact resource for employers. Givhero is socially focused, by inspiring and motivating healthy behaviors so individuals can improve their lives and their communities.
Pinkaloo is a modern workplace giving solution. Pinkaloo makes it easy to drive values-driven engagement with employees, creating a community of philanthropy across teams within an organization.
Sunny Day Fund™ helps American workers build emergency and personal savings with a little help from their employer. We enable organizations to cultivate a more productive, sustainable and financially healthy workforce.
Not only do I like what these companies are doing and see the value of their products, I really like their founders. Check them out!
HOW CAN TRUVELOP HELP?
For all companies going through this open enrollment period, Truvelop is here to help. Truvelop provides managers the resources they need to help them adapt to proactive vs reactive management strategies, which helps employees identify barriers or challenges they are facing. Furthermore, it adds transparency across an organization which reinforces desired culture and promotes a better overall employee experience.
Reach out to our sales team today to learn more about how Truvelop can help your company!