Managing employee benefits can be a complicated undertaking, encompassing not only setting up and managing the benefits programs offered but also making sure employees understand how the benefits work and how to meet the requirements for participation. The benefits administration technology offered by New City Insurance can help with the process, saving time as well as money. By trusting this task to trained professionals with the right tools, your employees will be free to focus on growing your business – and your bottom line.
Modern technology makes it easier than ever to streamline human resources and benefits administration processes and stay on top of changing regulations and requirements. Here is a look at some of the options that are available when it comes to benefits administration technology.
Onboarding & Enrollment Assistance
When workers become eligible for benefits or need to make changes to their plans, tech tools can make the process a lot easier for everyone involved.
Employee Self Service & Help Center
Many issues seen in benefits administration and HR are relatively straightforward, and employee self-service and help center offerings can make everything easier for all parties involved. Many employees appreciate being able to get answers and solve their problems on their own, freeing up valuable time for everyone.
State-of-the-art systems can integrate with most of the biggest payroll providers to create a one-stop shop for HR, employee benefits and payroll.
Human resources tools can help deal with HR questions and keep everyone informed about your company’s benefits and administrative policies.
Benefits administration technology helps to monitor the ever-changing regulatory landscape when it comes to benefits in order to offer timely guidance on meeting HIPAA, ACA, FMLA and ERISA regulations.
COBRA administration services can make the often-tedious process of administering COBRA benefits more straightforward and efficient.
Workers compensation is a complex issue, and having the right technology to navigate this confusing area can make quick work of a task than often takes a human staff member a significant amount of time.
Benefits administration technology can take the hard work out of managing retirement plans and the complexities of related investments by offering comprehensive solutions that can meet the needs of each employee.
If your business is sponsoring a 401k plan for employees, technology can make this process as hands-off as possible.
There is no question that technology is changing the way people manage wealth, and this is something that can be addressed by benefits administration technology.
Executive benefits can provide your best employees with a greater level of benefits, and benefits administration technology can help with offerings such as excess life and disability, executive long-term care and business succession.
Speak To A Professional HR Consulting Firm
Benefits administration systems can replace manual processes and keep reporting errors down for employers while also making it easier for employees to get the most out of their benefits. If you would like to learn how this technology can help you, speak to the professional HR consulting firm at New City Insurance. Please give us a call at 888.210.2759 or request a consultation online.