Worker Benefit Participation
Posted by Health Promotion | Posted in Health Promotion, Wellness Programs | Posted on 08-09-2010
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It’s tough to get workers to take part in benefit programs that they don’t even know exist.
Seventy-one percent of staff 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 workforce knowledge of their company’s pre-tax benefits. While almost three quarters of workforce say they live paycheck to paycheck, and would like to stretch their current salaries -
o 52 percent don’t take part in available flex spending accounts (and 6 percent of had never even heard of an FSA)
o 17 percent didn’t know their organization offered a health savings account or health reimbursement arrangement (46 percent of those cognizant of the benefit still don’t participate), and
o 18% are unaware of existing transportation benefits or subsidies their organization offers.