Typically, employee wellness is not just considered as a monologue that includes only higher fitness levels, this involves a complete benefits package from employee fitness to financial well-being.
Apart from adopting some employee friendly practices and setting up fitness centers and other activity areas for employees, managing their benefits effectively is also a critical factor. You must have an updated benefits management system for employees so that they do not get stuck at any point during enrollments or any other benefits processing.
Here’s how this process has evolved over the time and how employers can have a quick check on how much they are doing to provide best to their employees:
Moving from Manual Processes to Automated Systems
Days are long gone when the benefit managers or HR pros used to manually perform all the data entry and related tasks for employees enrolled in their respective benefit plans. The process was not just tedious, but error-prone too. The process was repeated every year during open-enrolments, when any new hire joined or the data removal process when any employee left or got terminated from the company.Thus, the process was time-consuming, error-prone and costly as the task was purely paper-based. This instigated the need to move from paper-based and manual benefits system to an all-automated system.
Focus on ACA Compliant System
With the strict ObamaCare mandates and provisions, complexities have multi-folded and employers are worried! Heavy penalties for non-compliance have just added to their concerns and that makes it all the more important to have a fully-compliant benefits management system that can re-assure employers that they are not missing out on any provisions as well as ensure that employees’ interests and healthcare needs are properly addressed.Another critical factor is the ACA reporting that is in its first year and employers are still struggling to get hands on information about the requirements and penalties. Thus, an ACA reporting tool is also the need of the hour to make sure that employers do not get subjected to the penalties as set by the IRS.
Simplified and User-friendly System
It is not just having an all-integrated system to help employees, a system that they can understand and use properly is more important. Usually, they end up grappling with the system making wrong choices. Since their benefits decisions are influenced by their and their families’ needs, they must be given the right options and technology to make a better deal. Thus, employees do need a system that helps them while enrolling for benefits plan and that is easy-to-use.Employers can also set-up training sessions for employees before enrollments as well as give them proper information about the benefit offerings so that they can make better decisions.
In-line with Changing Benefit Landscape
To become a preferred employer and provide employees the best of benefit offerings along with the ease of technology, you need to get insights-driven. Stay updated with all the information related to benefit plans, benefit management, communications, etc. to add value to your benefits offerings.Thus, investing in those areas that can help them gain better insights and real-time information from the health benefits industry will prove to be beneficial in making wiser decisions related to employee well-being.
Employers, these days, are adopting every possible measure to stay ahead of times and offer the best services to their employees. From providing advanced technology, to compliant and simplified enrollment platforms, they are doing it all to have a happy, satisfied and healthy workforce.
