Employee Benefits Administration Company, Clarity Benefit Solutions, Discusses the Importance of Benefits Administration Software for Small Businesses
NEW YORK, Feb. 4, 2019
NEW YORK, Feb. 4, 2019 /PRNewswire/ -- Employee benefits administration company, Clarity Benefit Solutions, discusses the importance of benefits administration software for small businesses.
Some small businesses are under the false impression that their smaller number of employees means that they do not need benefits administration software. However, smaller businesses are also the ones who may lack the resources in the human resources department to make sure that your employees, your most important assets, are taken care of. There are a few reasons why benefits administration software is important for small businesses.
First, benefits administration software streamlines the benefits onboarding process for newly eligible employees. Taking the time to educate new employees on benefit offerings, plan options, and answer questions can drain limited human resources time. Benefits administration software provides decision-support tools that help employees quickly and efficiently make the best decisions, without taking up human resource's time. The enrollment process is much more simple when all employee information is already stored in a portal, enrolling them in just a few minutes.
Although some small businesses are exempt from some legal requirements, there are some employment, compliance, and regulatory laws that you must comply with no matter how many employees you have in your company. Benefits administration software ensures there are no errors in this process so that your company is always in compliance. This includes complicated documents like ERISA documents as well as educational resources about compliance.
Additionally, having a technology platform to automate tasks greatly increases productivity and efficiency. Some benefit administration tasks are redundant and take a lot of time. Replacing these time-consuming tasks with automated software not only saves time, but it also reduces human error which can end up being costly.
Benefits administration software also helps your company make better, smarter decisions. Manually analyzing data takes a long time and can lead to important points being missed. Software tools can help automatically generate data and reports, which helps identify trends and patterns so you know what is working for your company and what is not.
About Clarity Benefit Solutions: Clarity Benefit Solutions provides technology that makes the health insurance plan selection process fast, easy, and straightforward. For over two decades, we have provided clients with industry-leading technology, compliance, and exceptional customer service. Our offering is designed to save time and lower the costs of managing benefits while also promoting employee self-service and automated ACA compliance.
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SOURCE Clarity Benefit Solutions