Are you the owner of a company or manager of a human resources department where you constantly find yourself wishing you had a more efficient way of managing your employee benefits? If so, you aren’t alone. In fact, over 50% of United States companies plan to make a major HR software purchase in the next year and a half. If you haven’t explored the options you have with employee benefits software then now is the time. Here are a few key things to keep in mind:

1. The Importance Of Offering Solid Benefits – Did you know that 50% of employees say that the most important reason for them staying at their current job is the benefits? In other words, the benefits package that your company puts together to offer your employees is extremely important. Many companies take the time each year to do an annual audit of the benefits market to make sure they are staying competitive. The last thing that you want to hear is that an employee is leaving your company because they have been offered better benefits elsewhere.

2. The Efficiency Of Employee Benefits Software – So, why is it that so many companies in this country are choosing to upgrade to an employee benefits software? The short answer is: efficiency. Employee benefits software allows your employees to view all of their policies at once instead of having to go to several difference sources to find the information they need. It also offers administration software so that you can make the changes you need to behind the scenes from one central location. Some even offer employee onboarding software to make things easy on your new hires. Employee benefits software is somewhat of a “one-stop shop” for your administrators as well as your employees.

3. New Trends With Employee Benefits – Over the last several years it seems that group health insurance seems to be one of the nation’s most talked about types of employee benefits. In reality though, paid leave is actually the most provided benefit in the country which includes around 77% of employees. The interesting part about your job is seeing how the trends in Human Resources change through the years. For instance, a blossoming type of benefit being offered today is an employee wellness program. In this sort of program employees are given a day off or other perk for completing certain requirements revolving around their own health and wellness. Depending on the type of company you work in, the interest of your employees, and other variables this program may or may not work for you. The point is, you don’t ever have to be boxed in when it comes to benefits.

Whether you need to manage full time or part time employee benefits, looking into a new employee benefits software could really help you. Your employees and administrators will both love the ease of navigation, the efficiency, and the fact that they can see everything in one place. Consider purchasing employee benefits software before your next open enrollment. You’ll be glad you did!