Benefits administration software enables the HR department of an organization to assemble and manage its employee benefits program effectively.
It involves managing and updating employee benefits, such as health, disability, and life insurance, as well as pension plans, vacation, paid time off, and maternity leave. Benefits administration software also allows businesses to maintain compliance with tax and labor laws and often combines payroll and HR management in one platform.
Best Benefits Administration Software:
Benefits Administration Software
From $39.00 + $6.00 per employee /mo.
From $5.00 + $40.00 per employee /mo.
From $6.19 per employee /mo.
From $10.00 per employee /mo.
Between $15.00 - $30.00 per employee /mo.
From $60.00 + $5.00 per employee /mo.
From $80.00 + $4.00 per employee /mo.
From $300.00 /mo.
From $600.00 per annum for every 5 users.
From $7.00 per employee /mo.
From $29.00 + $15.00 per employee /mo.
From $2.00 - $4.00 per employee /mo.
What is a benefits administration system?
A benefits administration system allows benefits administrators and/or HR employees to set up, manage, and update the benefits for each employee in the organization. It also ensures that companies remain compliant with tax and labor laws.
What are the 4 major types of employee benefits?
- Disability Insurance.
- Social Security and Medicare.
- Workers' Compensation.
- Unemployment Insurance.