Offering health benefits as part of your employee compensation package is a competitive advantage, and it is a great way to ensure you have a healthy workforce. However, offering benefits can place a lot of strain on your HR department because of the work involved. Managing employee benefits can be time consuming, and it can become complicated depending on the type of benefit packages you offer.
There are ways you can simplify how you offer benefits in a way that’s beneficial for both parties – the company administering the health benefits and the employees receiving the benefits.
3 TIPS TO SIMPLIFY YOUR COMPANY’S BENEFITS
Here are 3 tips worth considering if you want to simplify how you offer and manage employee benefits within your organization:
1. GO DIGITAL:
There is a lot of paperwork, files, and tracking required to offer employee benefits. The most effective and efficient way to offer company benefits is to go digital. Provide your employees with an online portal where they can get information about their health spending account, file claims, and submit paperwork.
2. USE A THIRD PARTY BENEFITS COMPANY:
Some companies are just not big enough to manage their employee benefits program through their human resources department, and others don’t have an HR department, they have an HR person. For small businesses in this situation, a third party benefits company may be the best solution to simplify things. You’ll be able to create a solution that works for your business and employee needs, plus they will manage and administer the benefits. Your employees will be provided access to the company website and can get assistance and file benefits claims there directly.
3. OUTSOURCE BENEFITS TO AN HR CONSULTANT:
One of the many services offered by HR consultants is offering benefits management services. Many consultants offer it as part of payroll and compensation services, allowing a single company to manage all the interworkings, which also frees up time and resources for your HR department to focus on other tasks. HR consultants will also be able to assist you with setting up a benefits program if you don’t have one or making your current plan more efficient.
MORE TIPS TO SIMPLIFY BUSINESS OPERATIONS
Want to learn more about ways you can simplify human resources related functions in your company? Check out these blog posts for more information: