Online employee benefits communication portal, Mybenefitsatwork has launched a new financial education module. The module offers employers a ‘cost effective way of providing employees with access to information and guidance, through topical, thought provoking and action producing articles and tools’.
Ian Bird, founder and Director of Business Development at Mybenefitsatwork, said:
‘We’ve re-designed the portal to make it a more dynamic and interactive experience for staff, including a new pension illustration tool. The calculator not only makes employees aware of how much they will retire on, based on their current pension contributions, circumstances and certain assumptions, but it also encourages them to reflect on whether they should save more for a more comfortable retirement.’
Research undertaken by the company in May this year highlighted that nine out of ten HR leaders state they face challenges when communicating their benefits package to employees, and 95% of respondents would like to communicate their employee benefits in additional ways.
Bird adds:
‘Today, many wellbeing and benefits platforms are written by technology companies, but we have taken a different approach. As we are part of a regulated advisory company, we are able to go beyond a typical benefits platform. We can provide further information and guidance, which tends to increase communication and engagement levels amongst employees.’