BENEFITS
It's critical to recognize just how important acompetitive benefits package can be in recruiting the best staff possible. Gone are the days when salary in and of itself was lure enough.
"Competitive organizations, whether they are big or small, with benefits programs will be able to attract employees away [from you]—especially if you don't provide the most fundamental programs such as health care, disability insurance, and things like that. Understanding the business benefits of an employee training programme can sometimes be more of an art than a science. This paper highlights five major benefits of employee training: impact on bottom line; staff retention; improved quality and productivity; the flow-on effect; remaining competitive. Successful employee training delivers improvements in employee performance which, in turn, creates a better performing business and an improved bottom line. As economies become progressively service orientated, it is the development of people that is providing successful businesses with long-term sustainable success.
COMPENSATION
Provides services to employees to answer their benefit questions, resolve problems related to access to or payment of benefits, orient newly eligible employees, and process enrollment forms, changes, and loan requests.
Maintains employee benefits data in automated human resources information systems.
Coordinates transfer of data to external vendors, plan providers, auditors, and consultants.
Negotiates and contracts with benefit plan providers, vendors, auditors, and consultants for services, premiums, and plan administration.
Prepares and communicates information to employees and former employees about benefit programs, procedures, changes, and government-mandated disclosures.
Analyzes and evaluates services, coverage, and options available through insurance and investment companies to determine programs best meeting needs of organization.
Maintains employee benefits data in automated human resources information systems.
Coordinates transfer of data to external vendors, plan providers, auditors, and consultants.
Negotiates and contracts with benefit plan providers, vendors, auditors, and consultants for services, premiums, and plan administration.
Prepares and communicates information to employees and former employees about benefit programs, procedures, changes, and government-mandated disclosures.
Analyzes and evaluates services, coverage, and options available through insurance and investment companies to determine programs best meeting needs of organization.
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