The Beginners Guide to Choosing Employee Benefits Software


By Sushman Biswas

In an SHRM survey, 92% of employees indicated that benefits are important to their overall job satisfaction. An organization that uses benefits as a strategic tool for recruiting and retaining talent reported higher overall company performance and above-average effectiveness in recruitment and retention compared with organizations that did not.

These business benefits coupled with current talent scarcity is forcing companies to take a deeper look at their benefits administration function. Today, organizations can choose from over 300 possible benefits options, making benefits technology a must-have for organizations.

The benefits offered by companies can be broadly categorized into 2 types – monetary and non-monetary. The monetary benefits typically include health, wellness, retirement, and financial assistance programs. The non-monetary benefits could include flexible working, family-friendly benefits and development opportunities.

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