Employers do not communicate benefits

A Towers Watson survey between February and March 2013 among 1,066 employers says that a third of employers do not communicate with employees about their benefits. Effective communication plays a very important role in determining the compensation package. According to the survey, there exists a positive correlation between the perceived value of benefits and effective communication in the organisations surveyed. Among employers who felt they communicate effectively on benefits, 91 per cent also indicated that they believe their benefits are sufficiently or highly valued by employees.

This number drops to 67 per cent for organisations that do not communicate on benefits effectively, the report added. Read the Financial Express news report here.