Employee Benefits Administration through Payroll Software

A Human Resource Management System, Human Resource Information System (HRIS), HR Technology or also called HR modules, or simply “Payroll”, refers to the systems and processes at the intersection between human resource management (HRM) and information technology .

The function of Human Resources departments is generally administrative and not common to all organizations. Organizations may have formalized selection, evaluation, and payroll processes. Efficient and effective management of “Human Resource “has progressed to an increasingly imperative and complex process. The HR function consists of tracking existing employee data which traditionally includes personal histories, skills, capabilities, accomplishments and salary. To reduce the manual workload of these administrative activities, organizations began to electronically automate many of these processes by introducing specialized Human Resource Management Systems which has different modules to take care of different activities within the system like employee benefits administration .

Benefits administration involves the creation and management of employee benefits, as well as providing a means for employees to be trained in understanding how the benefits work, and what types of standards employees must meet in order to qualify for the benefits.

Benefits administration involves spending a lot of the day making sure benefit plans are running smoothly. This will often include review of accumulation of personal days, vacation days, and sick days. In addition, the administrators will work with the payroll department to make sure that the employee is paid for any approved days taken, and that those days are deducted from the appropriate resource.

Employee benefits administration often involves overseeing the health insurance coverage for qualified employees. This means making sure that payments are made to the insurance provider in a timely manner, as well as ensuring that every qualified employee who wishes to be included in the group coverage is processed properly. The administrator will also be responsible for implementing a benefits plan for new employees who complete the probationary period that many companies require before being eligible to accumulate paid leave and health coverage.

When the employee benefit program includes an investment or program retirement, benefits administration personnel will also oversee the daily functioning of those programs as well.

Part of benefits administration also involves interaction with the employee. At any given point, an employee should be able to meet with an administrator and obtain the latest information regarding the status of his or her benefits.

It is important to recognize that benefits administration is involved in not only seeing to the welfare of the employee, but also the well being of the company. To that end, efficient benefits administration means developing benefit programs and managing it through a software solution.

The benefits administration module provides a system for organizations to administer and track employee participation in benefits programs and provides the following benefits :

  • Reduced paperwork
  • High level of control
  • Creates audit trails of all changes
  • High level of accuracy
  • Improved communication with payroll
  • Offer employee self-service
  • Provide a single entry point for capturing critical information

Benefits Administration through payroll software streamline benefits management by simplifying the enrollment, update, and communication processes needed for an effective benefits program. Scalable and flexible, Benefits Administration module within a payroll system supports even the most complex benefits tasks and calculations—from premiums to pensions for thousands or even tens of thousands   of participants.

Which payroll software to choose?

In India, Companies can go with various software options from various local companies, but if you are looking for a better support and good brand you should always choose a well establish brands with better support and software updates happening at a regular interval.

Companies like Sage India have a dedicated payroll software known as Pocket Payroll Software. For more information you can visit http://www.pocket.in