Administering Benefits Features and Functions
Benefits are generally handled by a third-party insurance firm (e.g., Cobra). The benefits administration functionality provides administrators the ability to manage employee benefits through the use of a third-parties' software or system. Benefits administration includes accessing and imputing new employee records, changing an existing employees' record, as well as cancelling a terminated employees' benefit profile.
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- Flexible benefits program, including adherence to government standards
- Multiple benefit options such as health, life, disability, retirement plans, accidental death and dismemberment, gifts, and awards
- Includes information on participants and dependents for plans and benefits
- Benefits data maintenance (enrollment and modification) decentralized to the employee level
- Maintain benefit coverage for employees on leave, for example, maternity leave
- Maintain benefit coverage for employees on leave and when the employee elects to pay for his or her own coverage
- Promotions attached to benefits eligibility
- Automated letter generation
- Assignment Change
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Benefits Features and Functions
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