Benefits Services Overview
When it comes to employee benefit plans, human resource professionals like you face multiple challenges today: health care reform, rising costs, shrinking budgets and frequently changing legislative and regulatory requirements. It is essential for employees to understand the value and features of your benefits plan so your organization gets the most from its benefits investment. ADP offers deep insights and practical expertise to help you face these challenges and others.
Why ADP for Employee Benefits Services?
ADP provides you with tools to help you achieve maximum return on your benefits investment. Organizations are learning the importance of leveraging end-to-end human capital management (HCM) strategies, meaning technology, processes and people are all integrated and aligned, with employee benefits serving as a critical unifying component.
We’re not just a leading provider of benefits services – ADP helps influence the shape of things to come by keeping abreast of regulatory changes and making recommendations to regulatory agencies.
What we offer
To respond effectively to the increasing complexity of benefits services, you need to work with a partner that can demonstrate consultative and administrative expertise in several key areas, including employee engagement, cost reduction and compliance.
Industry studies have shown that when employees understand and are satisfied with their benefits, they’re also more likely to be satisfied and engaged overall (Source:10th Annual Study of Employee Benefits Trends: Seeing Opportunity in Shifting Tides 2012). With ADP, your employees get the tools, communications and other resources they need to understand their benefits options and make informed choices, which can enhance their engagement in and satisfaction with benefits. And for you, new insights into your employees’ needs and behaviors allow you to forecast and make strategic decisions based on fact, not guesswork.
ADP can help maximize your investment through effective benefits administration and containment of costs. In addition, we can offer you cost-saving options, such as consumer driven health plans (CDHP) with spending account and savings account options.
ADP has compliance specialists who monitor the legislative and regulatory landscape to help keep our clients aware of new legal requirements and deadlines. Our technology, operational workflows and process controls all work together to respond to quickly legislative and regulatory changes, like health care reform.
Learn more about how ADP can help your organization:
[Source PwC Total Cost of Ownership Study: The Hidden Reality of Payroll & HR Administration Costs.]