Annual Benefits Fair Offers
Prizes, and Fun
According to a major national study of employee benefits trends by MetLife, a leading provider of insurance and other financial services to millions of individual and institutional customers, employee benefits remain important in supporting an organization’s goals of strong employee attraction and retention.
“At Rensselaer, we have known for years that a comprehensive benefits package that protects employees and their families is essential to forging a bond between an employer and its employees,” said Curtis Powell, vice president for human resources. “Today, the Division of Human Resources knows that employees who are satisfied with their benefits are more likely to be satisfied with their jobs and loyal to the organization for which they work.”
Powell also noted that he and other members of the human resources staff are constantly reviewing Rensselaer benefits plans and industry trends so that the Institute can continue to offer the most comprehensive and competitive benefits program.
“Despite today’s economic climate, we are focused on maintaining employee benefits at a reasonable level, which we believe brings some peace of mind to Rensselaer employees.” Curtis Powell
National studies report that many large U.S. employers will require their employees to pay a larger share of the costs of benefits in 2012 than they have in the past, by requiring higher premiums, greater in and out of network deductibles, and increased out-of-pocket maximums. At Rensselaer, as a result of negotiations with vendors, attention to industry trends, and sound management of costs, Rensselaer will continue to offer employees a comprehensive and cost-effective benefits program.
The 2012 benefits changes will include a modest 5 percent increase per pay period of approximately two to nine dollars for Health and Dental program premiums, which is significantly below the national average of 9 percent, according to Powell.
“There are many organizations that are either reducing or completely eliminating retirement, medical, prescription, and other benefit plans, which can have an impact on the employees,” Powell said. “We are pleased to be able to continue to provide comprehensive and affordable health benefits, dental services, life and disability insurance, and vision benefits. We will also continue our Healthy Campus Initiative, which includes wellness programs and participant incentives.”
On Nov. 4, more than 900 Rensselaer faculty and staff were able to learn more about 2012 benefits at the annual Benefits Fair and Faculty and Staff Appreciation Day Event in the Alumni Sports and Recreation Center. More than 40 benefits vendors participated in the event, providing attendees with an opportunity to learn more about specific programs, ask questions, have fun, and win prizes.
During the event, attendees were able to take advantage of free flu vaccinations, chair massages and biometric screenings for body mass index, body fat, hydration rate, glucose, cholesterol, and blood pressure. In addition, information on wellness programs, stress management, nutrition, menu and meal planning, smoking cessation, and general pharmaceutical wellness was also available.
“Despite today’s economic climate, we are focused on maintaining employee benefits at a reasonable level, which we believe brings some peace of mind to Rensselaer employees,” Powell added. “Our goal is that Rensselaer will continue to be recognized locally and nationally for the depth and breadth of its affordable benefits programs.”