As a business owner, you’re familiar with the idea of keeping pace with trends in the market. But that principle applies to your daily operations and interactions with employees, too. As regulations on business owners grow more complicated, you want to identify the most convenient practices to simplify your own workload. At the same time, you hope to remain a competitive employer and retain the best workers.
Offering online enrollment for employee benefits might seem like an insignificant change, but it’s actually a simple switch that can accomplish both goals listed above. Approximately 50 percent of businesses have already begun offering this option, for two primary reasons.
Online enrollment is easier for everyone. With the old pen-and-paper method, you spent a lot of time collecting, reviewing, and recording employee benefit information. Online enrollment streamlines the process, allowing you to communicate benefit information to employees digitally. You can track enrollment in real time, and lighten the load on your human resources department.
Your employees save time too, because they can easily view options and make convenient side-by-side comparisons.
Online enrollment make employees happy. We know that happy employees are loyal employees. Research has shown that a clear understanding of benefits boosts company morale, so allowing easy access to benefit information is a no-brainer. Your employees can log on to the system to research their options, or get answers to their questions – any time, from any place.
From your side, you can track enrollment data, and keep an eye on employee trends. Learning which benefits are most important to workers can help you improve your package offerings.
These are just some of the more common benefits of adopting an online enrollment system for employee benefits. For more information on setting up online enrollment, give us a call and we’ll help you learn about your options.