Why use a digital benefits platform?
Why use a digital
benefits platform?
Each year, your HR team could be spending hundreds of hours overseeing the renewal process for your different employee benefits and transferring data to the providers.
If an employee needs to call on one of their protection benefits, it's crucial to have accurate data. However, submitting data is time-consuming, complex and can be liable to human error.
The answer? A digital benefits platform.
A digital benefits platform could have significant advantages for you and your employees.
Digital benefits platforms in context
Digital benefits platforms in context
When considering digital transformation, you need to bear all your systems and processes in mind.
Alongside major IT projects such as computing and telephony, or a move to cloud-based file storage and sharing, some smaller changes can give significant paybacks.
For your HR and/or Reward team, a move to a digital benefits platform could be revolutionary in terms of increased efficiency and insights gained.
Not just a platform
The administration saving achievable through a digital benefits platform is often quoted as the main reason to implement one, but we disagree.
Benefits platforms aren’t just about time saved for your business (although that’s a big plus!). They can also help you:
engage your employees with your benefit offering
increase transparency of what’s available
provide better access for employees to make changes to their benefits;
and of course, they help create valuable process efficiencies for your team along the way.
As well as hosting your employee benefits, you can link your platform to other business processes – for example, if you have an employee mental health proposition, you could use your platform to communicate it.