Better Benefits Enrollment: Meeting Employees’ Needs Without the Hassle
Benefits administration is notoriously complicated, time-consuming and costly. According to an article by SHRM, employers with less than 5,000 employees take three to seven months to prepare for open enrollment, and employers with more than 5,000 employees take eight months to a year to prepare. In addition, a comprehensive study by Ernst & Young found the total cost of benefits enrollment tasks per employee is $80.94 when completed manually.
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