Honing your benefits strategy ahead of open enrollment

HR{preneur}® by ADP®

For many employers, it’s time to plan for open enrollment, which is when employers allow their eligible employees to choose or adjust their company-sponsored benefits. Open enrollment provides an opportunity to deliver real value to your business and employees. But where do you get started and what do you need to consider? We’ll discuss key steps you can take to help your business have a more efficient open enrollment.

• [0:58] Where to get started in planning open enrollment
• [1:57] Choosing the right offerings for your benefits strategy
• [2:49] Factoring employee feedback and info into the plan
• [3:25] Other steps to increase the chances of getting it right
• [3:56] Key takeaways to kick off the annual process

Copyright © 2023 ADP, Inc. All rights reserved. This content may not be distributed, reproduced, modified, sold or used without the written permission of ADP. The information is provided "as is" without any expressed or implied warranty, is based on generally accepted HR practices and is advisory in nature. This content is provided with the understanding that neither the presenters nor the writers are rendering legal advice or other professional services. Employers are encouraged to consult with legal counsel for advice regarding their organization's compliance with applicable laws. For specific insurance plans and services for your business, you must speak with a licensed representative with Automatic Data Processing Insurance Agency, Inc. (ADPIA). ADPIA is an affiliate of ADP, Inc. All insurance products will be offered and sold only through ADPIA, its licensed agents or its licensed insurance partners; One ADP Blvd. Roseland, NJ 07068. CA license #0D04044. Licensed in 50 states. Certain services may not be available in all states with all carriers. Some carriers may charge an additional fee for services. This information is not intended as tax or legal advice. If you have any questions, contact a tax or legal professional. The ADP logo and ADPIA are registered trademarks of ADP, Inc. Copyright © 2023 ADP, Inc. This material is current as of the date of this episode (September 2023).