Posted by admin | Posted in Employee Wellness, wellness program | Posted on 27-11-2010
It’s tough to get staff members to take part in benefit programs that they don’t even know exist.
Seventy-one% of staff members lack basic knowledge of standard benefit programs, according to a new study by the American Payroll Association (APA).
Low participation rates
The ASA research study focused on workers knowledge of their company’s pre-tax benefits. While almost three quarters of workers say they live paycheck to paycheck, and would like to stretch their current salaries –
• 52% don’t take part in available flex spending accounts (and 6% of had never even heard of an FSA)
• 17% didn’t know their corporation offered a health savings account or health reimbursement arrangement (46% of those alert to the benefit still don’t participate), and
• 18 percent are unaware of existing transportation benefits or subsidies their company offers.