Employment Benefit Management

Background

While previously manual management of Employee Benefits requires tedious documentation, computation and record keeping, with Benpal, complete Employee and Dependent benefits management made simple. Benpal delivered efficiencies and superior performance in almost every aspect of employee benefits, data analysis and benefits / insurance renewals at our clients’ global operations.

Issues / Challenges

Historically, due to different departments / Business units along with Multiple Job levels, it was difficult for the client to administer the benefits. To further add on, the scheme design got more complex due to the complicated enrolment and product logic basis a combination of parameters. The scheme design and benefit administration was different across asia due to the difference in the nature of operations and demography. This was becoming challenging for the HR in absence of an integrated portal.

Benpal asia
Solution:
Replicated an online retail shopping experience to that in an online flex and insurance benefit enrolment experience.

Solution:
Additional data attributes in the Employee profile to capture the Bank details for payment and reimbursement processing.

Solution:
Customized the voluntary product enrolment and core product upgrades basis different family demographics criteria.

Solution:
Benefit allocation basis 15+ job grades across 5+ Business Units for core and voluntary products.
Solution:
Real time reporting with standard and bespoke reports to process the enrolment and payment information in a timely and accurate manner.
Solution:
A cost-effective risk information online system that allows clients to collate data, manage insurance enrolments and reimbursements.

Benefits

Benpal Asia provides us a system wherein organizations will be able to control over their Employee Benefits in just one platform. It is designed to highly contribute to the users’ overall experience through services like Insurance Management, Reimbursement Management, Marketplace and Flexible Benefits Management with round the clock access and flexible purchasing process.

1. Enhanced the employer brand in positioning the company in a better place
2. Created competitive advantage to attract and retain talent
3. Increased employee engagement by creating a culture of ownership and responsibility
4. Improved the cost efficiency of the benefits provided
5. Reduced workload and processing time for HR on benefits, communications & management
6. Tailored / Customized reward package meeting the needs of your employees
7. Online, 24/7 access for all employees to manage their employee benefits package
8. Increased employee understanding and engagement with their total benefits package


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