October TruppTalk Newsletter

A step-by-step guide to open enrollment?

Each year, organizations across the United States engage in open enrollment, a critical aspect of benefits administration. This process involves careful planning, collaboration with brokers, and meticulous analysis of health plans to manage costs and provisions. However, amidst the focus on expenses, it’s essential not to overlook the potential of open enrollment to communicate the organization’s value to its employees. Benefits are more than just a budgetary concern; they are a vital factor in attracting, retaining, and engaging talent.

This comprehensive guide aims to provide a holistic approach to open enrollment, emphasizing the integration of benefits into an organization’s total rewards program. By aligning open enrollment decisions with your employees’ needs and preferences, you can optimize the return on investment while showcasing your commitment to their well-being and satisfaction.

How to define a compensation program?

A well-designed compensation program is critical to ensuring equitable and sound pay practices. When planned effectively, it will facilitate your recruiting efforts and align with your goals and values, ensuring you have the right people in place to drive the success of your organization. An effective compensation plan helps organizations:

• Attract appropriate talent
• Retain employees
• Motivate performance
• Ensure internal equity
• Maintain compliance with employment laws

Organizations should follow a systematic approach to create an effective compensation program that includes the following basic steps.

Upcoming Free Webinars

• October Live Q&A: How to conduct a compliant workplace investigation
• November Live Q&A: Paid Leave Oregon: Expert panelist discussion and Q&A
• Building employee engagement and accountability with a remote or hybrid workforce
• Best practices for open enrollment and benefits administration
• Best practices for conducting an HR audit
• Preparing for Paid Leave Oregon
• How to handle ADA accommodations in the workplace
• Pay equity, pay transparency, and disclosing pay ranges in 2023