Employee benefits and benefits in kind include various types of non-wage compensation provided to employees in addition to their salaries. In most countries, most kinds of employee benefits are taxable to at least some degree.
When a benefits administration functionality is introduced into an organization, it allows HR and benefits professionals to automate the complex, time-consuming process of benefits enrollment and administration. While HR and benefits professionals may still need to provide assistance for the processes, automation can eliminate much of the burden and empower employees.
By automating benefits administration, your company may save cost and time while reducing the number of errors. HR professionals, employees and the organization as a whole may benefit greatly from this shift.