Benefits Administration

Growing a company requires a team of knowledgeable and hardworking people focused on strategic business goals. With five different generations comprising today’s workforce, and with finding top talent more challenging than ever, offering standard benefit packages are not enough. Whether you have ten employees or 10,000, employers are being forced to get creative with their benefit strategies. In fact, a recent Aflac study found that 60% of employees are likely to take a job with lower pay but better benefits. Offering a robust suite of benefits and one that is properly administered helps retain and attract those talented employees, positions you as an employer of choice, and assists your organization in reaching its financial goals.

Benefits administration is the process of designing and managing employee benefits packages within an organization, and is usually an essential function of the human resources department. The core functions include:

  • Selecting the right benefits administration software system
  • Evaluating the current benefits program and trends
  • Communicating with benefits partners
  • Selecting competitive benefits
  • Educating employees on how to leverage their benefits
  • Helping employees enroll
  • On-boarding/off-boarding assistance
  • Ensuring the company remains in compliance with state and federal regulatory mandates

With the ever-expanding role of HR, sometimes the understanding of complex, comprehensive solutions requires outside partners to solve your organization’s most significant issues. Outsourcing benefits administration allows your HR department to work through the challenges while keeping both your long and short-term strategic goals top of mind. Implementing benefits for your company can be labor-intensive, so work with a trusted advisor to help navigate your options, provide excellent insurance coverage, flexible solutions and the service you need.

Effective benefits administration is a competitive advantage for your organization. A strategic, quality, and comprehensive benefits package can help you attract and retain your most valued assets, your employees, as well as containing operational costs and increasing productivity. When an organization analyzes the needs of its employees and chooses to meet those needs, employees often feel heard and appreciated, which can increase employee engagement. Furthermore, employees who understand the value of their benefits and believe in what you offer are your biggest advocates.

Delivering benefits that are competitive, cost-effective, and compliant with new legislation takes precision and expertise. At Sapoznik, we deliver benefits that produce tangible, measurable results tied to your long and short-term strategic goals. Our approach to benefits administration is to streamline the process for your organization while educating employees and empowering them to make better decisions – a win for all.

Get in Touch
close slider

X
X
X
X