What Every HR Manager needs to know about Online Benefits Enrollment
Most employers are re-evaluating benefit plan options, shopping for new providers, raising employee contribution levels, and searching for increased efficiencies within their HR technology strategies. With years of double-digit increases, human resources executives continue the search for effective cost containment strategies.
Automated, online benefits enrollment can yield substantial cost savings while providing better service to employees. This satisfies the needs of both HR and the employees they serve.
Online benefits enrollment systems allow employees to use the Internet or a company network to access information about benefit policies and prices. Using a common Web browser, employees are guided through the process of selecting benefits and entering enrollment data into web-enabled forms. This data is immediately available to HR for review and approval. After approval, the data from the online enrollment system can automatically update the HRMS system, thus eliminating duplicate data entry.
Discover how online enrollment can:
- Reduce HR call volume
- Shorten open enrollment periods
- Reduce transaction costs
- Eliminate duplicate data entry
- Reduce or eliminate paper enrollment packets
- Reduce monitoring and tracking effort
- Provide for faster, more accurate analysis
- Reduce or eliminate benefits billing errors
- Improve service levels and employee satisfaction
- Enable the HR department to assume a more strategic role
Download the complete “Evaluating Payroll Options For Your
Mid-Sized Business” white paper
