Online Open Enrollment

WP Summary - The traditional open enrollment period is a time consuming process that places a temporary, yet significant burden on an organization's human resources (HR) department. Although some companies have more than one open enrollment period each calendar or fiscal year, most businesses schedule a single annual event often in the fall.

Open Enrollment provides employees the opportunity to evaluate benefits such as health care, retirement, and flexible spending plans - and make change to their elections. For the employer, open enrollment is an opportunity to modify existing benefits packages to cut custs or increase total compensation values.

Unless a major life event like marriage, a birth or a death occurs, changes made during open enrollment are binding until the next open enrollment period. Because of this, it is important for HR to clearly and efficiently communicate benefits choices that are available. If effective communication is lacking, employee benefit selections can be inadequate, and create frustration for employees. This can breed organizational discontent and reflect poorly on the HR department. It may even lead to employee retention issues.

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