Affordable Care Act (ACA) Compliance for 2022, 2023, and Beyond
Like taxes, employee benefits administration requires a lot of paperwork and management to ensure compliance. Since its inception, the Affordable Care Act (ACA) has had several requirements for employee benefits and annual reporting with some changes over the years. As 2022 comes to end and with 2023 just around the corner, ensure that your company […]
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The Role of Carrier Communication in the Employee Benefits Process
As data grows more and more important, the way Information is transferred also grows more important. Since computer technology has improved and allows for faster, safer data transfers, there is no reason for the employee benefits and carrier communication to remain stuck in the era of fax machines. Carrier communication—also known as carrier connectivity—is an […]
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How HR Technology Elevates Employee Benefits Enrollment
Benefits enrollment can be a major stressor and time strain for HR staff. New hires are excited to learn about their benefits. They are sure to have plenty of questions reflecting their individual priorities and circumstances. Long term employees also need a lot of help during open enrollment periods, especially as deadlines get tighter. Is […]
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Everything You Need to Know about COBRA Health Insurance
Health insurance provides peace of mind for policyholders and their families. Losing a job, or even changing jobs, can mean the end of insurance benefits, in addition to income. For the past few decades, COBRA health insurance has made gap coverage for insurance more widely available, but what exactly is it and how does it […]
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Is the Netconnect HR Conference Worth Attending? You Bet It Is!
We get it… attending conferences can be a financial and time burden for some—booking travel accommodations, multiple days out of the office, etc. When it comes to Netconnect, our own annual HR technology conference, we are dedicated to bringing you all the benefits of an HR conference without all the hassle. In years past, Netconnect […]
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Employee Perks: 15 Emerging Trends Your Company Should Consider
In today’s highly competitive recruiting market, employee benefits and perks give your company an edge over the competition. These details, especially employee perks, are a major influence on where job searchers end up applying and working. But what is the difference between employee benefits and perks? Why should you offer both, instead of just one […]
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Employee Benefits Management: Getting the Most Out of Your Benefits Plan
When done properly, employee benefits management helps employees, as well as the company. Because employee benefits can be complicated, and you need a centralized system to manage costs and adjust policies. Employee benefits management has several moving parts, but that complexity brings more opportunities for improvement. When it comes to benefits, both legal compliance and […]
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Top Ten Advantages of BenAdmin Software
If you provide employee benefits, you know that it takes time and effort to manage those programs. Did you know that your company can streamline the benefits process and improve your employees’ overall benefits experience with BenAdmin software? The right HR technology improves the efficiency and accuracy of benefits-related tasks. Between legal compliance issues and […]
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The Essential Features of Benefits Administration Software
Benefits administration involves lots of moving parts. Your employees need options to be able to sign up for the benefits they prefer (especially when there’s an employee contribution), and your company needs to ensure accuracy, efficiency, and compliance. Thankfully, benefits administration software streamlines many of the actual tasks of benefits administration. LEARN: What is Benefits […]
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What is Benefits Administration and How Can HR Technology Make it Easier?
Salary is likely the most important—but in no way the only—factor when it comes to recruiting new employees and retaining existing ones. Employee benefits are a major facet as well, which means benefits administration is an important role to fill by your HR team. Outside of those few benefits required by law, a diverse and […]
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HR and Employer Considerations in a Post-Roe v. Wade Workplace
In a controversial decision earlier this month, the U.S. Supreme Court overturned its long standing Roe v. Wade ruling from 1973. For almost 50 years, the landmark ruling protected a pregnant woman’s liberty to choose to have an abortion. With the recent Dobbs v. Jackson Women’s Health Organization decision, abortion has not been made illegal […]
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10 Ways HR Technology Helps Manage Labor Cost More Effectively
In many industries, labor cost is one of the biggest expenses for a business. According to the Bureau of Labor Statistics, wages and salary costs make up about 70% of employer costs for employee compensation. The remaining 30%of costs go toward benefits. In a period of inflation and rising wages, how can your business manage […]
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