Unlock greater efficiency and satisfaction with smarter benefits data integrations between Workday and your benefits carrier.
Section 1: Understanding the Power of Integrated Benefits
In today’s fast-paced business world, streamlining HR processes and empowering employees to manage their benefits with ease is key to organizational success. Integrating benefits and HR data is a critical step towards enhancing HR efficiency and providing employees with the tools they need to make the most of their benefits.
The Benefits of Integration:
- Seamless Administration
- Improved Employee Experience
- Cost and Time Savings
When you integrate HR and benefits data into a unified platform, you save time, reduce errors, and enhance the employee experience. However, not all integrations are equal. It’s essential to choose a carrier that offers comprehensive, end-to-end integration to maximize your investment in HR technology.
Section 2: Real Results, Real Savings
Time and Cost Savings: A Clear Advantage
Integrated benefits data isn’t just a nice-to-have; it drives measurable results. Employers who leverage deeper benefits integrations report a significant impact on both cost and time savings.
Annual Time Savings (in Hours):
- Absence Management: 81 hrs
- Setup and Enrollment: 18 hrs
- Evidence of Insurability (EOI): 128 hrs
- Billing and Reconciliation: 48 hrs
- Error Reduction & Streamlining: 28 hrs
Total Time Savings: 303 hours per year
Annual Productivity Cost Savings: $14,804
Cost Savings per Employee Per Month (PEPM): $1.23
Section 3: The Right Integrations Are Crucial for Success
Not all carriers offer the same level of integration with Workday. The best carriers provide comprehensive APIs that allow real-time data exchange, ensuring smoother workflows and better outcomes for both HR and employees.
Key Benefits of Advanced Integration:
- Automated Billing: Eliminate reconciliation tasks.
- Simplified Enrollment: Effortless setup and instant decisions.
- Streamlined Absence Management: Accurate leave tracking.
- Real-Time Data Exchange: Ensure data is current and accurate.
Section 4: Choose the Right Carrier for Optimal Integration
To get the most out of your Workday experience, it’s vital to choose a benefits carrier committed to deep integrations with your HR platform. Look for carriers with a proven track record of developing and enhancing their API integrations, ensuring that your benefits data flows seamlessly throughout your organization.
Questions to Ask:
- How complete is the set of integrations a carrier offers?
- What’s the carrier’s history with Workday and other HR systems?
- How committed is the carrier to ongoing improvements and new features?
Section 5: How It Works
Our solution leverages the power of integrated benefits data to streamline every step of benefits administration, from enrollment to absence management. See how it works for your organization:
- Streamlined Enrollment: Employees can enroll in benefits directly within Workday.
- Automated Evidence of Insurability (EOI): Employees complete the process online, reducing wait times and improving satisfaction.
- Real-Time Updates: All changes in benefits, leave, or payroll are reflected immediately across systems.
This article is posted at unum.com
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