“And those two systems…they don’t communicate with each other…Without that communication, it’s almost like double work because if it’s an address change or anything like that, you have to go to one system, then go to another, and that just seems broken to me.”
— Employer with 32 Employees
A recent survey of employers with companies of all sizes presented very interesting data when it comes to keeping track of employee benefits. Most notable, and hardly surprising, 77% of business owners want a single platform to manage all benefits and all carriers. Another obvious desire is that benefit technology needs to reduce total cost to the business.
There is a technology platform that not only manages payroll and benefits on the employer side, but also allows employees to manage their enrollment and benefits. This means an elimination of Human Resources Department duplications, reduction of technology costs, and the most efficient employee process across the board. This gives the HR Department the reporting they need, employees the flexibility they request, and business owners the lower total cost they want.