04
Aug
The employee benefits lifecycle The employee benefits lifecycle refers to the various stages and processes throughout an employee's tenure with a company about their benefits package. It encompasses everything from initial benefits enrollment to the termination of benefits upon the employee's departure. Broadly employee Benefits can be divided into two major segments traditional and non-traditional. Traditional benefits [...]
02
Aug
Configuration vs. Customization Software configuration involves changing a system's settings and parameters without modifying its source code. It relies on specialized expertise to perform the necessary configurations and can be done through administrative interfaces or configuration files. Configuration allows users to tailor the software to meet specific requirements or adapt it to different environments. It doesn't require[...]
31
Jul
The communication challenges Let us first explore the various communication challenges in the employee benefits administration process: Technical terms and complex concepts can make it difficult for employees to understand their benefits. The abundance of options, plans, policies, and updates can overwhelm employees when understanding their benefits. Encouraging employees to participate in benefit programs actively can[...]
12
Jul
Employee benefits administration has come a long way since its inception in the early 20th century. Employee benefits have evolved significantly from rudimentary healthcare plans to comprehensive benefits packages encompassing healthcare plans, retirement plans, insurance coverage, and more. In recent years, with the advent of technology, the landscape of employee benefits has undergone yet another transformation. This[...]
16
Jan
AI, today, occupies the realms of practically every business industry. It is no longer the fascinating "something" people enjoy in science fiction. This is true even for human resources management. The application of AI in HR has unlocked more free time, thereby allowing HR teams to shift their focus to more strategic tasks within their company. AI[...]
