When it comes to handling employee benefits, there are new Internet-based strategies available to reduce administration time, improve efficiency, eliminate errors, and provide valuable resources and reporting capabilities. These programs allow employees and employers to obtain benefit information anywhere they can connect to the Internet.
Employees like the freedom of viewing benefit options during their enrollment period at home with their spouses, as well as reviewing benefits, accessing documents and forms and updating demographic information throughout the year.
Employers like the cost savings. According to CFO.com, the average cost for HR staff to manually enroll an employee in benefits is $109.48. The average cost for an employee to enroll online via self-service is $21.79 — an 80 percent savings.
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