In order to improve employee retention and comply with worker’s benefit rules, most employers offer different types of employee benefits incentives and benefit plans, including life insurance, health insurance, pension, paid vacations other rewards. Software products for benefits management give them the tools to set up, manage and administer all types of employee rewards and benefits. The key features of benefits management software include the ability to manage auto enrollment, the ability to view and manage employee benefit data from a centralized platform, reporting capability and the ability to integrate with other applications - most notably traditional HR solutions. Most products offer a self-service solution that enables users to enroll in a plan, track benefits plans, update contact data and manage life events from a single dashboard. Read full guide
