Technology
Having the right cost-proven and comprehensive technology solution is key to any groups ability to implementing any resource management strategy.
Enrollment
This tools is one of the simplest solutions for collecting benefit enrollment information and transmitting it to carriers , plan administrators and payroll deduction managers. Enrollment Platforms capture pertinent application or enrollment information necessary for the issuance of coverage or participation in a plan. Some provide additional services such as submission of servicing requests and form repositories.
Benefit Management
Benefit Management systems take hyper-expands the capabilities of an enrollment platform. In addition to collecting and simply transmitting data, Benefit Management systems also support:
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Benefit communication campaigns
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Integration with other platforms such as onboarding, payroll and carrier/plan administrator for real-time data transactions
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HR and Employee self-service portals
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Functionality for Adds, Changes and Terminations
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Benefit Management systems are usually implemented as an extension of the HR function that oversees benefits and is managed by members of HR, Broker and Technology partner.
Payroll
Payroll Management platforms come in a variety of flavors, but most provide a fundamental set of core capabilities. This includes (but not limited to)
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Time Keeping (Including PTO)
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Wage Payment Distribution (Paper Check or Direct Deposit)
Human Capital Management
Human capital management (HCM) software is a technology application that can help employers manage and look after their employees. It's sometimes called an HRIS (human resources information system) or an HRMS (human resources management system).
Human capital management (HCM) transforms the traditional administrative functions of human resources (HR) departments — recruiting, training, payroll, compensation, and performance management — into opportunities to drive engagement, productivity, and business value. HCM incorporates modules to manage resources from hire to retire.