Ensure Every Employee Has the Resources They Need to Thrive

Benefits administration software saves time for HR managers by automating the process of enrolling in benefits and managing employee benefits. A huge reason that impacts if employees choose to stay with their employer, is their benefits package. It is important employees are equipped with the proper tools, benefits admin software can provide associates with the tools they need to make the best decision for themselves and their families.

Competitive benefit offerings help attract and retain employees, but since benefits are complex to manage, HR software can help simplify the process for both employers and employees.

Save Time
Using benefits admin software can help free up time for your HR staff. Keeping track of forms and spreadsheets, filling out benefit packages, and ensuring employees enroll in benefits is a time-consuming task. Streamlining these tasks and the delegation of onboarding by allowing employees to self-enroll in benefits work together to save you time for your HR department.

Empower your Employees
Employee self-service tools help to educate employees on their options for eligible plans and 401k contributions. Employees can also self-enroll in benefits, and with alerts and notifications, you can ensure employees will not be aware of important upcoming deadlines.  With access to important information, employee self-enrollment, and notifications for important deadlines, employees can feel more empowered than ever to make informed decisions.

Stay Compliant
Meeting government regulations for benefits administration can be a daunting task, and errors can become costly. Using benefits administration software can reduce the risk of error by housing all important information and forms in a secure centralized location.  Many providers, like Greenshades, provide a dashboard to give a high-level view of compliance year-round, so you will always know where you stand with compliance. Employment laws, FLSA regulations, ACA compliance, and year-end reporting can be difficult to navigate. Benefits administration software can assist and provide experts to walk you through any questions.   

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The four main types of benefits include medical, disability, life insurance, and retirement benefits. These are the most common benefits that employees expect from their provider, however, having an attractive benefits package can make your business more attractive to potential employees and help you to retain your current employees.

Additional benefits that enhance the employee experience can include;
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• Flexible spending account
• Generous PTO offering
• Pet insurance
• Wellness program
• Student loan repayments
• Remote working options
• Relocation payments

There are many options for what benefits you can offer your employee. Benefits admin software can help you understand what benefit packages are best for both your business and your employees.
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When shopping for benefit software there are some key features that can help assist your HR department:
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• Covers a range of benefits: Your software should include the basic benefits coverage of medical, dental, disability, and life insurance. Depending on your business need, you may need a provider that supports a wider range of benefits.
• Compliance management: Choose a benefits administration software that can ensure your business maintains HIPPA, COBRA, FLSA compliance, and more.
• Employee self-service: Equip your employees with information regarding the plans they are eligible for, 24/7 access, employee self-enrollment, and important alerts for upcoming deadlines.
• Connects to your payroll: Information that flows over to your payroll can make handling deductions easier. Instead of manual entry, allow the information to flow from your benefits admin software to your payroll software.
• Integration capabilities: Be sure your benefits admin software can integrate with any existing products you already have, or you are looking to use for your business. Work with your IT team to ensure the software you choose is compatible with your business.

When implementing benefits admin software, you can expect there to be a learning curve and a need for training for administrators.