Employee perks have become a powerful tool for attracting and keeping top personnel in recent years. Benefits administration, on the other hand, is a time-consuming process that entails a variety of activities. Fortunately, with the help of automated services, you can streamline the majority of them.


13+ Benefits Administration Software

1. ADP Benefits Administration

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Rating: 4.5/5

Price: Custom

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2. Zenefits

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Rating: 4.8/5

Price: $21/month

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3. Everything Benefits

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Rating: 4.7/5

Price: Custom

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4. Employee Navigator

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Rating: 4.6/5

Price: $445/month

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5. Paycor

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Rating: 4.7/5

Price: Custom

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6. Gusto

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Rating: 4.7/5

Price: $39/month

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7. BambooHr

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Rating: 4.5/5

Price: FREE

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8. Namely

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Rating: 4.7/5

Price: Custom

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9. Paylocity

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Rating: 4.5/5

Price: Custom

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10. Human Interest

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Rating: 4.5/5

Price: $120/month

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11. Justworks

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Rating: 4.8/5

Price: $44/month

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12. Benefitfocus

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Rating: 4.7/5

Price: Custom

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13. Bswift

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Rating: 3.9/5

Price: Custom

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14. Rippling

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Rating: 4.9/5

Price: $8/month

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What Is a Benefits Administration Software?

Benefits administration software assists businesses in planning and administering employee benefits packages while also ensuring adherence to government requirements. Employee benefits, including insurance plans and stock options, are managed through benefits administration systems, which use an administrative interface to assist open enrollment periods. These programs are also used by businesses to view and change employee benefits packages. Employee portals and self-service options are standard in benefits administration programs, allowing employees to see, manage, and update personal information and documents. HR departments are the most common users of these systems, which would enable HR managers to administer benefit packages and encourage healthy behavior among employees.

Benefits

For many organizations, the benefits management process comes with a lot of baggage. The operation is costly, time-consuming, and necessitates a great deal of logistical planning. Here are a few of its advantages:

  • It can help you save time
  • It eliminates mistakes
  • It’s practical
  • Compliance is ensured via automated platforms

Features

Are you searching for a better way to manage your employee benefits? Look for the following features and capabilities to improve your workflow management and your bottom line:

  • Account creation is quick and straightforward
  • COBRA’s robust capabilities
  • Keeping global records
  • Dependable customer service

Top 10 Benefits Administration Software

1.  ADP Benefits Administration

ADP is a corporate outsourcing company that provides human resource information, payroll processing, time and labor management, and other services. ADP has raised $2.3 million in investment. With $14.6 billion in revenue, ADP has purchased 15 firms and has a 94 percent rating. They also have a large team with 58,000 employees.

2. Zenefits

Zenefits is a cloud-based platform that helps businesses manage their payroll management and benefits. They have a 63 percent rating and at least $100-500 million in income.

3. Everything Benefits

For enterprises, EverythingBenefits offers SaaS-based employee benefits administration solutions. EverythingBenefits is a $5 million company with 90 workers. They received a 90 % rating as well.

4. Employee Navigator

Employee Navigator is a human resources platform that offers payroll and benefits management services to organizations. They have a rating rate of 85 percent and employ 100 people. Their annual income is in the range of $5 to $25 million.

5. Paycor

Paycor is a cloud-based HR management platform that includes payroll, tax compliance, hiring, benefits administration, and attendance tracking. Cincinnati, Ohio, is where Paycor’s headquarters are located. Paycor has a $338 million revenue and 2,000 workers.

6. Gusto

The headquarters of Gusto Telecom are in Oxfordshire, England. Gusto Telecom has received $330,000 in funding, and they make $12.8 million in annual revenue.

7. BambooHR

BambooHR creates HR management software for small and medium-sized organizations that are hosted in the cloud. The headquarters of BambooHR is in Lindon, Utah. BambooHR employs 1,000 employees and generates $57.5K in revenue per employee. They have received a rating of 72 %.

8. Namely

Namely creates a SaaS-based platform for businesses that provides HR, payroll, and time management solutions. With 500 employees and a revenue of $100 million, they have an 81 % rating.

9. Paylocity

Paylocity is a company that provides organizations with cloud-based payroll and human capital management software. Paylocity’s revenue per employee is $196.3K. Paylocity has raised $129.8 million in investment. They’ve also received an 88 % rating.

10. Human Interest

Human Interest is a financial technology platform that helps employees with administrative automation and 401k support. With total sales of $100 million and 500 people, they have a rating of 87 %.

FAQs

What does it mean to be a benefits administrator?

The benefits administrator is in charge of overseeing and make production scheduling for operations of group benefit plans.

What are human resource management softwares?

Businesses use human resources management to integrate various HR operations, including storing employee data, handling payroll, recruitment, benefits administration, time and attendance tracking, employee performance management, and maintaining competency and training records.

Is payroll a difficult skill to master?

This is a challenging, demanding, and rewarding profession that requires you to perform complex computations and handle payments under tight timeframes. Payroll administrators must possess several abilities and characteristics to carry out their responsibilities successfully.

To summarize, benefits administration is a time-consuming and labor-intensive activity. A benefits administration software is the most satisfactory solution for making this procedure more efficient and time-consuming. It can help you achieve more significant results by streamlining your benefits administration processes.


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