Benefits administration is often referenced in the workforce and mainstream media yet rarely defined. If you aren’t completely sure as to what benefits administration really means, you are not alone. Here’s the inside scoop on what benefits administration is really all about and why it is so important for organizations of every size and type.
Benefits Administration in Plain Terms
Search the web for “benefits administration” or a similar string of words, and you’ll be inundated with an overload of information. Instead of wading through the results, looking for meaning amidst the sea of information, shift your focus to our clear and cogent explanation of this essential human resources term.
Benefits administration is a process of forming, managing, and perfecting employee benefits. This overarching umbrella term encompasses developing benefits programs, adding new employees to the program, connecting with benefits providers, and processing invoices. Our human resources specialists embrace the challenge of benefits administration in addition to payroll, compliance services, and more.
Benefits Administration is Going High-tech
The administration of employee benefits has shifted from pen and paper to spreadsheets and highly specialized software highlighted by partial automation in surprisingly little time. Software makes administration that much easier, yet it doesn’t complete the entirety of comprehensive administration.
Benefits administration programs are helpful in generating and maintaining enrollment profiles for employees, tracking information, and executing benefits-related functions, yet human experts in this niche are still necessary.
Enter America’s Preferred Payroll. We employ experienced human resources professionals, including benefits administrators, who understand how to use the industry’s latest high-tech solutions to ensure hardworking employees receive the benefits they need and deserve every single time without exception.
Benefits Administration is Detail-intensive
It is no secret that health insurance benefits are egregiously complex. The enrollment of employees into health insurance programs, including dental insurance programs, retirement plans, and other benefits programs, requires extensive knowledge and attention to detail. Instead of attempting to master all the subtleties of benefits administration on your own, reach out to America’s Preferred Payroll to do the work on your behalf.
Our team provides benefits administration services with efficiency, ultimately serving as a net positive for your bottom line. We are here to enroll employees into benefits plans, tailor benefits packages accordingly and serve as a point of contact with medical care providers and others. Our services extend to interactions with:
- Insurance providers
- Retirement planning services
- Disability insurance providers
- All other parties relevant to employee benefits
Professional Benefits Administration Eliminates Bureaucratic Burdens
Take a moment to consider how convenient it would be to not worry about the bureaucratic component of enrolling new employees into benefits programs and processing benefits.
Instead of chewing up your limited time conducting employee benefit re-enrollments, processing paperwork, removing employees from benefit programs after departure or termination, and worrying about other bureaucratic paper-pushing, outsource the work to the specialists. America’s Preferred Payroll has benefits administration down to a science. We remove the burden of benefits from your team in its entirety, liberating you to focus on your strengths.
Professional Benefits Administration is a Competitive Edge
Though it is easy to overlook the fact that life is a competition, the truth is you and your company are ultimately attempting to provide more value to clients as well as employees than competing employers. Benefits administration is an integral component of success, especially as the battle for top-tier employee talent gears up. Choose a team of professional benefits administrators, and your business will have a leg up on the competition.
Truly effective benefits administration sets the stage for your business to attract, onboard, and retain rainmaker employees. An added bonus is the reduction in operational costs, as there is no need to invest money in training or paying out benefits to an outside team of specialists. Benefits administrators also save organizations money through cost-cutting benefits program evaluations that trim the metaphorical fat, saving your organization a considerable amount of money.
The icing on the cake is the benefits administrators’ ability to negotiate for the industry’s top rates and plans. Negotiating power and industry relationship development reduces rates, setting the stage for the savings to be passed onto you, the employer, as well as your hardworking team.
The time has come to offload the burden of benefits administration to those who do it best. Choose a team of proven benefits administrators, and you’ll tap into the expertise of a group that provides savings as well as potentially invaluable benefits recommendations that add to your bottom line.
America’s Preferred Payroll Provides Benefits Administration and More
You and your team wear enough hats in the office. Instead of adding one more in the form of benefits administration, let our experts do the work for you. Reach out to America’s Preferred Payroll today to find out more about our payroll, benefits administration, compliance, and other services. You can contact us by phone at (813) 865-4205.