Any serious company or business owner always puts its people first, including the employees. For your company to experience growth, your employees must first experience it, which is where employee benefits administration software comes in handy.
It is the perfect solution if you want to go big with your organization but would also like to save the cost of the software and avoid using a low-quality app. One employee management software can automate onboarding, talent management, etc. However, what software are the best kind? In this article, you will learn the best employee benefits administration software.
What is employee benefits administration software?
Many businesses use the CRM (Customer Relationship Management) software tool on the front end to manage their customer experience.
On the back end, it is also essential that these companies use benefits management software to manage the experience of their employees.
The critical use of these tools is to make the job of the managers or business owners easy. The benefits administration software helps with the following activities:
- Tracking employee attendance
- Managing retiree pensions
- The integration of payroll processing software
- Monitoring benefit delivery to employees
And so much more. If you want more, then you should be targeting the benefits of administration software we list in this article:
Top 10 employees benefit from administration software
In no particular order, these are our top employee benefits tools:
Aside from being a benefits administration software, Gusto is also human resource human software and is pretty popular in the United States. Below are the pros of Gusto:
- Payroll functionality
- Onboarding options
- Benefits management
- Designed to attend to small business needs
- Access to 3 different packages to choose from
- Support for third-party integration (i.e., In a case where you use a payroll management account with another service provider.)
Below are the cons of Gusto:
- You may run into issues where you need customer support, but you may not get 24/7 customer support if you use the basic plan.
- Also, some benefits are limited to some states. E.g. in the US, Gusto only provides health benefits in 22 states
GoCo, like the rest, is an all-in-one HR software. Below are the pros of the GoCo software:
- benefits administration and enrollment
- talent management
- Employees learning management
- User friendly
- It allows for features such as time tracking, employee data management, etc
As the name suggests, BambooHR is a complete HR suite that is small business-focused. With BambooHR, you can track benefit plans across different benefit types for various employee departments simultaneously.
Below are the pros of using BambooHR:
- Tracking and managing historical information (i.e., cost, enrollment, and past providers)
- 7-day free trial
- It is easy to set BambooHR up and simple to
- It has all the necessary tools needed to control your processes
- BambooHR doesn’t have features like time tracking or attendance tracking
- You have to pay extra fees to access specific tools like performance management and talent management tool
Zenefits is one software that also provides HR services, but its primary focus is benefits administration.
Benefits also offer services like:
- Payroll processing
- Performance Management
- Automatic enrollment processes
- Onboarding solutions
Features on the mobile app are limited
- ADP Workforce Now
ADP Workforce Now is an employee benefits administration software designed to target companies with more than 50 employees at least.
Below are the pros of ADP Workforce Now:
- Automation of most of the admin task
- Performance management
- It allows for employee self-service
- Interactive software and easy to use
- It is customizable
Below are the cons of ADP Workforce Now:
Focuses on a company with at least 50 employees
Over the years, BenefitPlace has been developed and is now a complete benefits management solution for small-sized businesses.
Below are the pros of using BenefitsPlace:
- Reporting option
- Control over your companies benefit plan
Below are the cons of using BenefitsPlace:
- Not user friendly
- Not enough information on the services attached to different packages
It is an HR software that has a specific section for benefits administration.
Below are the pros of using Rippling:
- Designed for SMEs
- Automatic Onboarding and payroll management at a fair price
- New hire management
- Support for third-party integration.
Below are the cons of using Rippling:
- Rippling is not the standard for people who frequently travel because the mobile app doesn’t support benefits administration management.
PlanSource is a cloud-based benefits management software with other uses in HR management. Below are the pros of PlanSource:
- It gives its users the freedom to customize their benefits plan.
- Provisions for talent and workforce management services
- custom communication networks for employees
Below are the pros of PlanSource:
- The focus is on insurance companies and benefits providers
PeopleKeep is a benefits administration software designed to focus on small businesses with fewer employees (about fewer or less).
Below are the pros of PropleKeep:
- It allows employees to make their custom benefit plan
- It is user friendly
- Companies with more than 50 employees pay extra for the package plan
- It has no mobile app
Unlike PeopleKeep, Namely is also designed for a small business with 50 or more employees.
Below are the pros of Namely:
- Complete control of benefit administration
- Talent management
- Time tracking
- It is customizable
- Access to 1000 experts that can help you set up your software
Below are the cons of Namely:
- It attends to companies with more than 50 employees
You have been introduced to not one but ten benefit administration software, so it is now up to you to discover which works best for you.