Online surveys might seem like a no brainer for marketing departments, and indeed they are a must-have tool. However, the benefits of web surveys are not limited to those working in the marketing and/or sales arena. A human resources department can just as easily gain valuable information from online surveys, as evidenced by a recent survey by Hewitt Associates.
The survey of 150 mid- to large-sized employers explored how companies are responding to the current economic situation in terms of retirement benefits for workers. For example, 51 percent offer automatic enrollment retirement features, but only 25 percent are somewhat or very likely to add it for new hires. Still, only 5 percent of survey respondents are expected to take a more drastic measure of cutting their company match in 2009.
To balance out such cutbacks, the survey found that companies are offering lower-cost tools that will help employees make smart investments. About 77 percent of respondents offer target-date funds, while 49 percent offer automatic rebalancing, which helps employees regularly balance their portfolios with target allocations.
Also interesting to note, employers are cutting financial education programs (dropping from 72 percent last year to 60 percent in 2009). In order to make up for this loss, companies are turning to less expensive means of outreach: 75 percent is using Intranet sites, 60 percent is using email blasts and 49 percent is using webinars.
Overall, Hewitt uncovered a number of details regarding the adoption of retirement programs in the struggling economy, all thanks to its survey. Clearly, the use of online survey tools can provide the information you need to see how your human resources department compares to other companies, how HR policies are changing due the economy, what new policies are being adopted and much more.
The survey of 150 mid- to large-sized employers explored how companies are responding to the current economic situation in terms of retirement benefits for workers. For example, 51 percent offer automatic enrollment retirement features, but only 25 percent are somewhat or very likely to add it for new hires. Still, only 5 percent of survey respondents are expected to take a more drastic measure of cutting their company match in 2009.
To balance out such cutbacks, the survey found that companies are offering lower-cost tools that will help employees make smart investments. About 77 percent of respondents offer target-date funds, while 49 percent offer automatic rebalancing, which helps employees regularly balance their portfolios with target allocations.
Also interesting to note, employers are cutting financial education programs (dropping from 72 percent last year to 60 percent in 2009). In order to make up for this loss, companies are turning to less expensive means of outreach: 75 percent is using Intranet sites, 60 percent is using email blasts and 49 percent is using webinars.
Overall, Hewitt uncovered a number of details regarding the adoption of retirement programs in the struggling economy, all thanks to its survey. Clearly, the use of online survey tools can provide the information you need to see how your human resources department compares to other companies, how HR policies are changing due the economy, what new policies are being adopted and much more.
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