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Employee Benefits Management: Getting the Most Out of Your Benefits Plan

Netchex HR Blog

When done properly, employee benefits management helps employees, as well as the company. Because employee benefits can be complicated, and you need a centralized system to manage costs and adjust policies. When it comes to benefits, both legal compliance and employee satisfaction are important.

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Benefits Coordinator Job Description: Salary and Job Responsibilities (with Examples)

Analytics in HR

Aflac also found that 83% of organizations believe their benefits package positively impacts employee productivity, while 84% reported that it enables them to recruit top talent. Contents What is a Benefits Coordinator? What does a Benefits Coordinator do? Coordinate with HR or the payroll team for payroll deductions.

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The Essential Features of Benefits Administration Software

Netchex HR Blog

Your employees need options to be able to sign up for the benefits they prefer (especially when there’s an employee contribution), and your company needs to ensure accuracy, efficiency, and compliance. Thankfully, benefits administration software streamlines many of the actual tasks of benefits administration.

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Penalties for Benefits Noncompliance

Zenefits

Inflation is not only fueling price increases; it’s also requiring employers to pay more in penalties for not complying with benefits laws under the Employee Retirement and Income Security Act of 1974 (ERISA). History of benefits compliance. Employers have been offering employee benefits since the late 1800s.

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Consequences of Outdated Employee Benefits Systems

Zenefits

Technology is making remarkable strides across the employee benefits landscape. A 2019-2020 survey found that the vast majority of organizations are utilizing a benefits application in some shape or form. Benefits administration is regarded as the most complex HR process. Absence of employee self-service burdens HR.

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HR Software Showdown: Top 10 Tools Every Business Needs

HR Guy

These tools refine the HR workflow, amplify employee involvement, and guarantee procedural compliance coupled with robust security. These tools refine the HR workflow, amplify employee involvement, and guarantee procedural compliance coupled with robust security.

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Don’t Let Your Data or Participants Get Lost in Space

HR Daily Advisor

Sabotage by crew member Dr. Zachary Smith threw the ship off course and launched endless adventures. The possibility of cyberdata sabotage is now a day-to-day threat that frequently makes the headlines—and employee benefit plans are not spared exposure to data sabotage. The ensuing adventures are anything but fun.