Benefits administration systems help organizations manage employee perks and amenities in line with government regulations. However, to effectively achieve this, you need benefits administration software with features that complement your business needs. For instance, the tool should be easy to use to engage every member of the organization. With the best benefits administration software for employees in 2024, not only will you plan and administer benefits effectively, but you also have an increased chance of retaining top talent.
What is Benefits Administration Software?
Benefits administrative software are tools used by HR professionals to plan and administer employee workplace benefits packages. These include benefits eligibility, enrollment in medical, dental, or life covers, stock options, and more. You will also be able to adjust the employee benefits packages without affecting the organization’s bottom line.
Key Features to Look for in a Benefits Administration Software
Employee benefits administration software has many features, which you should look into before choosing. Most importantly, consider a software with complementing features, which includes affordability. After all, one of the main goals of investing in this tool is to manage employee benefits administration without spending a lot of money.
Here is an overview of the key features of benefits administration software.
1. A self-service portal that allows employees to log in and track the benefits administration programs. They can also use the employee benefits platform to upload or update their personal information and documents.
2. Enrollment planning, especially when it comes to managing health insurance.
3. Document management, including storing and organizing employee benefits, onboarding documents and other agreements.
4. Preparing all employee compensation statements to allow employees quickly access information regarding their compensation.
5. Regulatory compliance to ensure benefits administration is conducted in accordance with the law.
6. User-friendly dashboards allow HR professionals to effectively manage benefits administration and make quick, informed decisions when needed.
7. Integration with other HR software to help your organization run seamlessly and achieve its objectives
List of the Best Employee Benefits Administration Software 2024
Below is the list of the best employee benefits platform 2024 providers based on our thorough research. Note that they vary in features, meaning that any organization, whether small or large, can benefit from them. You just have to choose considering your business requirements.
1. Deel
Deel’s benefits administration software empowers HR departments to efficiently manage and customize employee benefit programs while ensuring compliance with regulations. Deel is designed to simplify and streamline the process of managing employee benefits, making it a top choice for organizations seeking efficiency and convenience in their HR operations. Deel offers a wide array of key features and benefits that make it an indispensable tool for HR professionals.
Core Features
- Centralized Benefits Management
- Customizable Benefit Plans
- Automated Enrollment and Onboarding
- Compliance Made Easy
- Employee Self-Service Portal
- Reporting and Analytics
- Integration Capabilities
2. Remote
Are you a business owner with full-time contract workers, whether remote or on-premise? Well, Remote is worth considering. As the name says, you can use the tool to manage international payroll, benefits, and other employee compensation. All these activities can be handled while complying with the countries’ regulations your employees work in. Your workers will also enjoy their experiences when tracking their benefits administration history.
Core Features
- User-Friendly Platform
- Self-Serve Onboarding
- Document Management
- Local Compliance
- Daily Operations Management
- Data Security
- Integrations
- Communication Management
3. OnPay
OnPay is a comprehensive online platform that provides efficient and user-friendly benefits administration solutions for businesses of all sizes. With its intuitive interface and robust features, OnPay streamlines the process of managing employee benefits, making it easier for HR professionals and administrators to handle complex tasks.
Core Features
- Benefits Administration Management
- Employee Enrollment
- Compliance Management
- Carrier Integration
- Employee Communication
- Reporting & Analytics
4. PeopleKeep
Are you looking for a benefits administration tool in the healthcare sector? PeopleKeep will help you manage all health benefits. As a result, employees will take you seriously, and you will not have to worry about recruiting more employees. Instead, you will focus on managing employee benefits to their satisfaction. In addition, PeopleKeep has an intuitive-user interface dashboard, allowing HR professionals to automate the benefits administration functions while focusing on other crucial matters.
Core Features
- Self-Service Portal
- Mobile Device Friendly
- Professional Guidance
- Time and Tracking
- Communication Management
- Reporting and Analytics
- ATS Integration
5. Rippling
Managing hundreds of employees is challenging, and it requires a tool like Rippling to achieve your objectives quickly. Rippling has proven reliable to most users, making it popular. The tool has user-friendly features to suit small or large enterprises. HR professionals will effectively manage employee benefits administration. On the other hand, it helps employees gain more exposure and skills using the learning resources provided.
Core Features
- Regulatory Compliance
- Mobile device supported
- Time and Attendance
- Learning Management
- ATS Integration
- Self-Service Portal
- Enrollment Planning
- Recruitment and Onboarding
6. BambooHR
BambooHR is an excellent choice for small and medium-sized businesses. This is because it does not limit users and has user-friendly features that give your employees a fantastic experience. In addition, BambooHR has a mobile app, allowing you to manage benefits administration on the go. With this benefits administrative tool, HR professionals become more efficient and effective.
Core Features
- Communication Management
- Self-Service Portal
- Mobile Phone Support
- Secure Database
- Reporting and Analytics
- Hiring and Onboarding
- Integration with ATS tools
- Free Trial
- Performance Management
7. Vantage Circle
Giving your employees perks that help them prioritize their financial well-being says a lot about how much you care about them. Vantage Perks makes that possible by offering a comprehensive employee discount and benefits platform that provides exclusive corporate deals, discounts, and cashback on a global catalog of top online and offline brands. Vantage Perks helps modern-day organizations create a cost-effective employee benefits package by offering robust integrations and apps that make it incredibly convenient— for even remote teams— to use on the go. That, and more features listed below, make Vantage Perks the ideal employee discount platform for businesses of all sizes.
Core Features
- Simple and easy-to-use interface
- Multi-platform web and mobile apps
- Intelligent budgeting and allocation
- Seamless integration with your current HRMS
- Exclusive employee discounts
- Guaranteed cashback with every purchase
- Internal classifieds
- Global product catalog across multiple categories
- Real-time price comparison
- Financial wellness packages
- Dineout booking
- Robust app notifications
- Cost-effective pricing
8. Zenefits
If you invest most of your time in the HR department rather than growing your business, you need Zenefits. It has an easy-to-use and intuitive design platform to streamline onboarding, payroll, benefits management, PTOs, and more. In addition, its automated functions allow employees to easily choose and manage their plans. With Zenefits, you can keep your employees engaged, thereby increasing retention.
Core Features
- Benefits and Compensation administration
- Communication Management
- Time Tracking
- Reporting and Analytics
- Self-Service Portal
- Performance Management
- Time and Scheduling
- Tax and Filing
- ATS Integrations
9. BenefitFocus
BenefitFocus is another robust tool perfectly tailored for small and medium-sized organizations. The tool is flexible, and HR professionals can easily integrate it with other tools to fully benefit the organization. As a result, employees will have a productive workforce, leading to satisfied clients. In addition, BenefitFocus can serve thousands of employees, making it a good recommendation for large businesses.
Core Features
- Self-Service Portal
- Time and Tracking
- Reporting and Analytics
- Performance Management
- Communication Management
- Eligibility and Enrollment
- Billing and Payments
- Data Management
- Benefits administration Insights
10. BerniePortal
Small and medium-sized businesses should also consider BerniePortal because it offers robust tools for HR benefits administration management. BerniePortal has a user-friendly platform with powerful features that not only benefit you but employees as well. Having engaged and productive employees lead to rapid career development and productivity. It is worth investing in.
Core Features
- ATS Integration
- Communication Management
- Self-Service Portal
- Benefits Administration Management
- Time and Tracking
- Reporting and Analytics
- Federal Compliance
- Performance Management
11. Dayforce HCM
Dayforce HCM puts HR professionals in a position to make informed decisions without going through lengthy and time-consuming processes. Simply put, the tool is used to manage the employee’s lifecycle and transform their experiences. It manages data from various departments in a single dashboard to ensure seamless employee benefits management. In addition, you get to benefit from real-time updates for managing complex regulatory compliances.
Core Features
- Payment Calculation
- Actionable Insight
- Mobile Device Supported
- Self-Service Platform
- Communication Management
- Time Tracking
- Reporting and Analytics
- Data Security
- ATS Integration
12. SAPSuccessfactors
SAPSuccessFactors fully engages HR professionals in Benefits administration in order to become better leaders. As a result, employees will be able to confidently approach them with any arising matters. With SAPSuccessFactors, managing workforce compensation and benefits will no longer hinder an organization’s performance. Additionally, this tool has plenty of features, including automated activities that ease manual tasks.
Core Features
- Survey Creation
- AI-Powered Text Analytics
- Communication Management
- Data Security
- Self-Service Portal
- Feedback and Management
- Employee Training management
- ATS Integration
Conclusion
Simplify your research processes of finding the most suitable employee benefits management systems. Above are our recommended software for employees that have all been tested and reviewed by our experts. Remember that you can quickly achieve organizational goals with these tools since they make work easier, allowing you to focus on other crucial administrative matters.
If you have any questions or comments regarding our guide above, feel free to reach out, and we will try our best to respond as fast as possible.
