Content
Rippling offers comprehensive employee management features and customizability at a reasonable price. The depth of its tools and flexibility may overwhelm some smaller businesses, but compensating employees and contractors is a simple and clear process. A payroll and benefits administrator applies compensation and benefits policies in an organization.
You are the benefits guru guiding your business to a better open enrollment experience with Namely. Simplify your benefits program operations by automatically generating the appropriate benefits options to enrollees with customizable rules-based events and employee initiated life events. Integrate benefits technology with other HR functions and HR software, allowing benefits information and changes to automatically reflect when it comes to tasks like payroll processing. Most benefits admin platforms charge on a per-employee-per month basis and offer tiered pricing depending on the amount of features and functionality you’re looking for. If you have 50 employees, the ACA minimum, it will cost $400 per month at its least expensive. However, if you use your own insurance broker, it’s an extra $5 per employee per month.
Paylocity is an HRM suite that streamlines workflows and automates a wide variety of administrative tasks for core processes like talent management, time and labor management, onboarding, employee engagement and more. It also allows organizations to configure it to their specific requirements. Providing high-quality employee benefits is crucial to attracting, recruiting, and retaining top talent as well as maintaining high employee engagement. Businesses should implement a strategic process to choose the right benefits and administer them effectively.
PlanSource
Paycor’s benefits administration software solution helps guide employees through the selection process, while reducing duplicate entry and benefits spend. Lumity is a data-driven and customizable benefits administration software that combines the power of data insights and technology. It uses online and people data to find and display health plans and other benefits that work best for both the employers and the employees. Criterion is an HCM solution for mid-sized and large businesses and is very technical and code-heavy. The software provides a complete set of services including benefits administration, learning management, and payroll services. The software provides several self-service tools along with a dedicated mobile app that lets employees access their timecards, paychecks, benefits enrollment, W2s, and more.
Namely’s HR software includes payroll and benefits functionality that also integrates into the rest of their HRIS. If you’re looking for a full HR software suite, check out Namely’s solution. Instead, Bennie partners with major regional and national carriers to bring your company more personalized benefits. Customers also get access to strategic benefits and HR technology consulting.
Features such as future dating allow employees to make benefits changes long before an impending status change to automate that process and ensure a smooth benefits transition. Services such as Gusto even offer recommendations to employees for personalized health plans via an automated algorithm. With the growing incorporation of AI in every tech category, expect to see more intelligent features incorporated into BA tools in the near future. With complete and intuitive cloud-based benefits administration and human capital management software and services, PlanSource has your employee benefits program and human resources technology needs covered. OnPay is a cloud-based payroll software that also offers features for HR management and benefits administration. It integrates with several low-cost benefits administration solutions so you’re able to offer health insurance, 401 retirement as well as workers’ comp.
Pro Tips on Top Benefits Administration Software
The benefits administration dashboard clearly showcases eligibility requirements, ACA compliance, and lets you manage your benefits budget. The software has a native mobile app with full functionality and robust reporting capabilities. It’s reasonably priced, has the option for SAP integration, and provides educational content for newcomers. Its other capabilities include business intelligence, integrated payroll, taxation and filing, compensation management and more.
Tell us about your organization and what you want to accomplish and we’ll recommend a custom solution. Build a great place to work where employees show up, make a difference and win together. Streamline recruiting and hiring so you can quickly and effectively fill open positions, develop top talent, and retain your workforce. To get an idea of what benefits like these can actually do for your bottom line, check out our HR Tech ROI Calculators. Lastly, for larger businesses looking into Zenefits, Enterprise pricing is available upon request.
Based on your company size & location, we recommend:
However, it’s one of the few software that provides a complete talent management suite. The software lets you provide a wide range of benefits including all sorts of insurance, 401k plans, FSA and HSA accounts, wellness programs, and more. It can be integrated with other third-party software and is fully customizable and configurable. While the solutions we looked at are the best in terms of benefits management software, we always recommend that you find the product that will fit your needs. For a more detailed comparison of dozens of products, get a free copy of our HR comparison report. Picking out the perfect benefits administration software can be a tricky business.
Benefits administrators and HR personnel could then focus on other important tasks thereby saving resourcing and time. HR professionals and business owners use employee benefits software to compare, select, administer and manage employee benefit packages. Employees use the chosen platform to learn about options, sign up for benefits, and access plan information.
The Top Benefits Administration Software
Check what additional features you need or will need in the future and check which software can provide it all for you. Compare Top HR Software Leaders Pricing, Ratings, and Reviews for each Vendor. Does not offer clarity whether an employee has been previously submitted into the system due to lack of data from other recruiters. Claim your free account to control your message and receive employer, consultant and health plan leads. At any given time, an employer can monitor and track the progress of their open enrollment from one teammate to the next. By submitting this form, I agree that TechnologyAdvice and approved vendors may use my information for the purpose of following up on my request.
This software helps remove manual processes that can consume employees’ and HR Leaders’ time. Benefits administration software is technology that helps HR administrators and employees manage company benefits by eliminating the traditional paperwork process. These systems often automate employee benefits eligibility, elections, and enrollment in medical, dental, and other ancillary options.
- OnPay is great for small businesses looking for a payroll solution with basic HR features.
- EverythingBenefits integrates with hundreds of other HR software systems and connects with 600+ carriers for instantaneous data transfer.
- The software is most heavily used by HR managers, although employees should be able to access their own info.
- The software provides a complete set of services including benefits administration, learning management, and payroll services.
- PeopleKeep educates users about HRAs with website resources and customer support.
- Manage benefits, including open enrollment and flexible spending accounts from any device.
The more a benefits portal allows employees to set up and customize their available benefits, such as the ability to set variable rate or custom health plans, the less work there is for administrators to do. PeopleKeep is a decent benefits administration option for small businesses in which employees purchase their own plans. However, midsize to large businesses will probably want to go with a more comprehensive platform. While known primarily as a payroll tool, Gusto is actually one of the more capable benefits administration tools we’ve tested. Supporting a wide variety of benefits types, this is a great tool for businesses whose benefits needs go beyond the basics.
Ready to find the right HR Software for you?
TeemWurk offers a suite of integrated services and solutions for Employee Benefits. Our solutions comprise HR Solutions, Employee Benefits Enrollment & Administration, Payroll Solutions and 3D EDI Tool. The comprehensive services what is enterprise software will help clients to comply with the latest regulatory and legislative reforms as well as with EDI standards including HIPAA, etc. Advanced Systems and Services for Payroll, Human Resource Management, and Benefits Administration.
Product
EBG Systems prides itself for developing the most sophisticated full service corporate portal for third party administration practices. Our solutions have helped companies across the country increase efficiency, scalability, and profitability. Your workers will need an introduction to benefits programs and employee portal navigation. If you already have a Learning Management Solution, then custom training and education can be added to your current onboarding curriculum.
Popular Benefits Administration Software Comparisons
Zenefits is a cloud-based, standalone solution that offers benefits administration, time management, performance management, hiring and onboarding, document management and more as a part of its HRMS capabilities. Suitable for small and medium companies, it offers a native mobile application for Android and iOS to allow the administrator to manage the workforce better and more efficiently. Another common form of using benefits administration software is when its capabilities are integrated as part of a larger HR or HCM software suite.
Time-saving employee self-service tools include online enrollment and at-a-glance plan comparisons. Data synchronization ensures that changes get recorded and information stays up-to-date. Certified advisors and an online HR resource library provide further guidance. The software provides access to most employee benefits and has a dedicated self-service portal for employees. Other features include ACA reporting, automatic beneficiary updates, and third-party software integration.
Gusto has kept a steady pace through the years and their primary focus on payroll and benefits has not been clouded by impulsive building more features into their stack. Instead, they work with numerous integrated partners who take the wheel on new initiatives, letting Gusto stay in its lane. Designed to make benefits more accessible and less complicated, Bennie is available both as a web and a mobile app.
Using Employee Self Service, employees can manage their elections, enrollments, and more. Ask an Expert groups can be created in Community, our employee communication tool, to help manage through any Benefits-related questions employees may have. Ultimate Software’s UltiPro delivers an enhanced benefits experience through one central location that guides well-informed benefits choices, ensures data accuracy, and improves productivity. Computer Workware Inc. is a Canadian software organization, focusing on the insurance and health benefits industry. Software systems designed to make administration of COBRA, Retiree Billing, HIPAA and other benefit administration simple and easy.
