Every company must comply with laws where employees are given benefits and bonus compensation on top of their salary. These benefits in question vary, from healthcare to paying insurances taxes. With benefits administration software for employees, employers can help assist their employees with benefits awaiting them. Here are some of the best benefits administration software available right now.
9+ Benefits Administration Software For Employees
6. Sap SuccessFactors
What Is Benefits Management Software for Employees?
Benefits management software for employees is an online HR software where employers administer and manage compensation benefits and bonuses for employees that are included on top of their regular salary. This employee benefits platform helps companies aid employees in paying for their healthcare and insurance during the tenure of their employment.
Benefits management software for employees assist employees in paying for their healthcare and benefits, lessening the workload needed on the part of the employee who is complying with the payment of their basic access to healthcare and insurance benefits. Additionally, the benefits administration platforms empower employees in working hard on their duties so they can earn their bonuses on top of their regular salaries. The benefits administration software also ensures that companies comply with labor regulation laws through HR compliance. Depending on the laws, employees should have the right to get the benefits as part of the tenure of their employment.
Benefits management software should be able to provide tools for HR employers to manage and facilitate their benefits management, which is usually done in software that is quite centralized, allowing for smoother, streamlined management in compensating benefits to employees. The benefits enrollment software should also be able to allow employees access to the benefits they are getting as well as its breakdown on top of their salary. The software should be able to integrate with HR software, specifically on financial matters such as HR payroll software.
- Easy-to-use, centralized dashboard
- List of employee benefits and breakdown
- Connection with HR software
Top 10 Benefits Management Software for Employees
1. Sap SuccessFactors
Sap SuccessFactors’ human capital management software provides HR the tools they need to create to engage their workforce that is flexible, resilient, and empowering their employees. Sap has 518 employees and earns annual revenue of $75.1 million.
Benefitfocus provides a simple, yet seamless benefits management software that empowers employees with its simplified interface. Benefitfocus has 1,746 employees and earns annual revenue of $253.2 million.
Gusto empowers businesses’ employees with their people-focused platform that allows them to execute HR tasks easily. Gusto has 1,357 employees and earns annual revenue of $176.4 million.
Rippling’s HR software automates every HR task that allows employers to perform their tasks effortlessly. Rippling has 458 employees and earns annual revenue of $66.4 million.
Ascentis’ workforce management software provides a full suite for companies that provides all the features the companies need to manage their human relations. Ascentis has 345 employees and earns annual revenue of $50 million.
SentricHR’s HR payroll software allows HR employers to manage their employees easily wherever they go. Sentric has 111 employees and earns annual revenue of $22.3 million.
UZIO provides three-in-one software that includes payroll software, benefits management, and HR software that aims to be affordable, simple, and extensive. UZIO has 93 employees and earns annual revenue of $13.5 million.
Peoplekeep allows HR employers to give their employees health benefits for the betterment of their workforce. Peoplekeep has 60 employees and earns annual revenue of $8.7 million.
Infor’s modern enterprise resource planning software allows enterprises to overlook every ERP aspect and task extensively. Infor has 17,114 employees and earned a revenue of $3.2 billion in 2019.
BerniePortal’s paperless online HR software provides all-in-one features to employers to help them grow their business quickly. BerniePortal has 4 employees and earns annual revenue of $600,000.
Does benefits management software connect with partnering insurance companies and government agencies?
Usually, yes. Many benefits management software for employees connect with insurances and government agencies to allow HR to pay the amount for employee benefits such as healthcare, taxes, and insurances. Alternatively, HR would use the respective organizations’ own software instead with benefits management software being used as a guide.
Do employees having their healthcare, insurance, taxes paid as part of their benefits mean their salary is deducted?
It depends on their companies’ policies. Usually, these benefits paid would mean they are considered as deductibles as part of their benefits which are useful in case of an emergency. Another case is that these benefits are on top of their regular salary, meaning they are bonuses.
How much does benefits management software for employees cost?
Pricing for benefits management software for employees is usually customized, with pricing tiers offering more features or less depending on the price. Pricing for employee scheduling software varies depending on the features available and the intended target audience. Small companies may benefit more from free or low-cost benefits management software, while large companies may benefit more from high-cost software.
Employees can take benefits of their hard work during their shifts thanks to benefits management software and its extensive tools and features.
11+ Best Business Spend Management Software for Windows, Mac, Android 2021
19+ Best Remote Workforce Management Software for Windows, Mac, Android 2021
14+ Best Remote Work Software for Windows, Mac, Android 2021
15+ Best 3PL Software for Windows, Mac, Android 2021
13+ Best Customer Retention Software for Windows, Mac, Android 2021
18+ Best Sales Training and Onboarding Software for Windows, Mac, Android 2021
11+ Best Cloud-Based Salon Software for Small Business for Windows, Mac, Android 2021
19+ Best Project Management Software for Small Business for Windows, Mac, Android 2021
18+ Best Project Management Software for Enterprises for Windows, Mac, Android 2021
15+ Best Augmented Reality (AR) SDK Software for Windows, Mac, Android 2021
4+ Best Urban Planning and Design Software for Windows, Mac, Android 2021
6+ Best Payment Card Issuance Software for Windows, Mac, Android 2021
16+ Best Employee Communications Software for Windows, Mac, Android 2021
24+ Best Objectives and Key Results Software for Windows, Mac, Android 2021
5+ Best Drug Inventory Management Software for Windows, Mac, Android 2021