Presented By: Gene Raymondi | Webcast Aired: February 12, 2013
Benefit integration is a hot new trend emerging in the world of human resources. Although still flying under the radar, employers are slowly beginning to realize the great return on investment that can be achieved when all of their employee benefits are working together. Benefit integration is the coordination of any combination of employee benefits that were previously separate from one another, in a way that they are monitored, managed, and processed in cooperation with each other.
This presentation will demonstrate how integrating employee benefits leads to maximum value, increased engagement, and superior outcomes. This will be proved by reviewing a case study whereby a large company with over 11,000 employees and more than 100 locations integrated their existing medical and EAP program with a new wellness initiative and their engagement rates for all programs skyrocketed.
Once integration was accomplished, engagement rose dramatically. The wellness program experienced unprecedented levels of utilization, as 87% of employees reported engagement (the national average is 41%) EAP/Work Life utilization increased from as low as 7.68% to as high as 38%. High employee engagement leads to increased ROI as the benefits are able to support employees on a higher level thereby reducing healthcare costs while increasing productivity, morale, and administrative efficiency.