This week, EBN dove into the current trends and future of what benefit managers need to do their jobs. Many are budgeting a boost in spending to get the latest and greatest tools to increase engagement and streamline functionality. Here you can find a detailed recap, highlighting key findings from our tech week coverage.
In our first-ever technology survey of employers, spending on new technology is expected to grow, with a median of $250,000 all the way up to $1 million, drawn from a broad swath of industries including health care, financial services, construction and transportation. And with ACA compliance issues all the more real in 2015, better communication with employees is critical and an excellent incentive; the lack of connection between benefits systems and other important company HR functionalities may also create serious issues on the audit trails in years ahead.
From ever-present snacks to nap pods and generous 401(k) matches, these companies offer unique benefits to foster trust in the organization and help keep workers motivated.
Almost half of the respondents in EBNs inaugural tech survey say if not at all, the overall benefits and HR systems are currently only partly well integrated. Experts say finding appropriate technology to bridge the divide not only between the multiplicity benefits offerings but also other associated HR functionalities (payroll, finance and personnel) will help prevent compliance issues that will become a much more tangible threat for IRS auditors in the coming years.
Just think, five years on the job and then a 10-day vacation anywhere on the globe? Thats what one employer does, and there are many more amazing reasons why this list of small tech companies was voted by their own employees as the best places to work in the U.S.
Retirement readiness is a growing concern: from financial institutions and lawmakers right down to employers and employees. Plan sponsors are seeing a growing need to use technology in retirement plan communications, with the majority saying they will increase their use of technology to deliver information to employees over the next two to three years.
Benefit advisers are prepared to make significant investments in internal systems in 2015 to better manage their workload, improve existing relationships with employers and better market themselves to prospects, according to findings from the first-ever EBA technology survey.
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