Employees to spend more time on open enrollment this year, Voya finds

Group 1 - Employee sentiment regarding employer-sponsored benefits is low, with less than half of employees knowing how to enroll, highlighting a significant knowledge gap [3] - New York Life Group emphasizes the importance of addressing this knowledge gap year-round to foster a culture of wellbeing [3] - Voya Financial indicates that HR can play a crucial role in supporting employees' mental and financial health throughout the year, not just during open enrollment [3] Group 2 - A majority of employees (77%) plan to spend more time reassessing their benefit elections during open enrollment this year, an increase from 69% last year [4] - There is a growing awareness of the connection between financial stability and mental health, with 63% of Americans agreeing that financial stability impacts mental health, up from 57% over the past two years [4] - Approximately half of workers feel unprepared for retirement, indicating a need for more education on retirement planning [4]