An employee benefits offering is a powerful tool for businesses to utilize in order to both attract and retain employees. In fact, your benefits offering can make or break a decision for a potential new hire. However, even though employee benefits is an important area of focus for your business, benefits administration can be a challenging and stressful task.
In order to streamline benefits administration so that you can offer employees the offerings they want while still focusing on the business of your business, employers should consider an employee benefits solution from a company such as EBC.
With modern benefits administration solutions, employers are able to easily plan, set up, and administer their benefit offerings in one place while ensuring that enrollment and benefits data is securely and automatically delivered to carriers for open enrollments as well as life events.
Businesses can begin to provide an engaging, mobile-friendly enrollment experience, enabling employees to manage their own elections from anywhere and make the best selection for their families.
With employee benefits, HR professionals can gain instant, anytime access to the tools needed to easily plan, set up, and administer benefits in one place, allowing for information to be reviewed and approved by the right people, quickly.
Benefits administration solutions also eliminate the need for manual enrollment and changes as well as updates for carriers. HR professionals can also expect a reduced risk of non-compliance with the ability to track COBRA-qualifying events and eligibility.
Some other key advantages of benefits administration solutions include:
To learn more about how EBC HCM is already helping countless businesses with employee benefits administration and ACA services, contact us today.