In much the same vein as payroll software applications, the automation of the benefits administration function has high impact implications for both employee engagement and HR/Payroll staff productivity. Whether focused on eligibility management, plan enrollment, or processing for leave, benefits administration software solutions have the ability to streamline the full employee benefit lifecycle. Through research, interviews, and focused how-to articles, this community forum is dedicated to providing the information and resources to help better understand, select, and implement employee benefits systems.
PAYROLL NEWSLETTER SUBSCRIPTION
Top Headlines Delivered
Get the latest Payroll research reports, software reviews, comparison guides & industry news
The cost-effectiveness of in-house benefits administration is in question, and many organizations and HR executives are turning to benefits administration software to bring management, automation and compliance to this core HR function. Here's our list of the top 5 essential features for any such solution.
SBC Systems specializes in the provision of modular benefits administration software; including defined benefit pension planning, health and welfare options, and managed billing. With a successful history spanning decades, the company has continued to develop and hone its offering, and has achieved an international presence. Here’s our quick review of SBC Systems’ Lifeworks.
Thanks to the changing regulatory landscape, countless employers are finally starting to see the light in terms of seriously considering the outsourcing of their benefits administration function. Nevertheless, selecting the right BAO partner comes with some unique issues and choosing the best fit means dedicating significant attention to the topics of cost, compliance, and functionality.
Traditionally, choosing a multi-country payroll provider revolved around one of two different models: integration or aggregation. Recently though, the European Payroll Services Alliance (PSA) has developed a new model—one that takes the positive attributes of the integrator and aggregator approaches and rolls it into one seamless option.
The recent ruling in the case National Federation of Independent Business v. Sibelius answered whether the Patient Protection and Affordable Care Act (PPACA) could be considered legally unconstitutional. While not without its controversies, this decision by the U.S. Supreme Court provides direction to employers moving forward as to what future benefits management will entail.
Cost reduction is often cited as the key driver for outsourcing benefits administration (alongside better service provision and legislative compliance). However, the route to achieving maximum savings actually hinges on a number of factors; including company size, service complexity, sel-service functionality, mobile access, an staffing needs
The process of open enrollment is transforming thanks to modern enrollment software that provides an ever-increasing array of options for both organizations and employees alike. With 24/7 anywhere access to crucial benefits plan information, as well as a larger than ever communication spectrum, building the business case for open enrollment software is easier than ever.
The value of benefits administration software has long been focused on how it can streamline benefits management processes. However, even greater value can be achieved from employee benefits technology by aligning functionality with employee engagement efforts.
To compete effectively in the modern talent environment, organizations must create an environment and an offering that will attract and retain the right employees with the right skills. By leveraging specific features, benefits administration technology can play a critical role in this attraction and retention strategy and contribute to the achievement of Employer of Choice status.
Tag Cloud
