How to Choose the right Employee Benefits Platform
Employee benefit schemes offer staff the opportunity to choose various rewards provided by their employer. It’s a fantastic initiative that offers a business many advantages, from building staff loyalty to retaining and attraction the best employees in the industry. However, an employee benefit scheme is only as good as the platform it is based on!
This is because manging employee benefits can be a time-consuming and often stressful process, especially when there are many employees and benefits to manage, while some platforms only offer certain benefits.
Therefore, choosing the right employee benefits platform is a must, as it ensures simple management of the benefit scheme and that you’re providing employees with appropriate benefits. Here’s some tips for how to choose the right employee benefits platform:
Is it User Friendly?
You want the employee benefits platform to be simple to use for all employees. A simple yet stylish user interface is always recommended, as this lets staff clearly see what benefits are on offer and how they can choose/change their benefits.
Also, the terms of all benefits should be clear to understand for all employees, helping to reduce any unnecessary friction as a result of miscommunication. Speed is also important for usability, as nobody wants to use a benefits platform that takes an age to load or download.
Wide Selection of Benefits
The benefits are the key feature of an employee benefits program, so always choose a platform that offers a wide selection of benefits. You want to provide benefits that are appropriate for a diverse workforce, so be sure to consider your workforce demographic and whether there are benefits that appeal to these.
For example, having a good selection of family benefit schemes is always a good idea. Most workforces are made of staff with family to support, so by offering benefits to these employees you’re offering rewards that are suitable for their lifestyle, making them more likely to be happy with the benefits on offer.
Of course, your workforce is probably diverse, which is why choosing a platform with a wide range of benefits to offer is highly recommended.
Management Features
A good employee benefit platform makes life easier for the employer as well as the employee. For instance, management features are essential for platform to provide access to important data relating to the benefit schemes and for communicating with employees on the platform.
So, be on the lookout for things like automatic reports, document publishing tools, survey tools, communication tools, and anything else that helps improve the on-going management of the platform.
Robust Security
You cannot overlook the importance of good security on an employee benefits platform given the amount of employee data is holds. Therefore, always check to see what security processes are used on the platform and inquire whether there is security certification such as ISO.