benefits administration

How many companies outsource benefits-related functions? Short answer: more and more. Two recent studies both demonstrate this dramatically. The third annual Guardian Workplace Benefits Study found that one-third of employers now outsource all of their benefits administration, a 65% increase since 2013.
Three business areas where automation could improve efficiency and save time and money.
According to the 2012 Open Enrollment Survey of the Aflac WorkForces Report, over half of employees make mistakes with their benefit elections, leading to $750 million in annual waste. In part, that’s due to a “perception gap:” half of employers believe they have communicated effectively with employees about their benefit programs. Try these tips to help employees elect the right options in your benefit program.
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