Your benefit enrollment and eligibility process is the foundation of a valuable partnership with your employees. When your employees understand the value and features of their benefits, they become more engaged and, maybe, even more productive. Offering tailored employee benefits will not only save you time, but will also result in improved employee engagement.
Streamline Open Enrollment
iSolved® HCM provides an improved experience for employers and employees for the critical open enrollment process. A user-friendly interface offers a more engaging and intuitive benefits enrollment experience while users navigate step-by-step through the benefit enrollment process, driving up employee engagement and usage.
- Online enrollment for employees
- Direct connectivity with carriers
- Life event updates facilitated through employee self-service
- Fully integrated – No need to export data for payroll purposes
The iSolved® enrollment process increases employee engagement, and includes checks and reporting to help smooth out the complexities of your open enrollment period. Payroll Network works hand in hand with your broker to will ensure your employees have the information they need to properly and efficiently manage their benefit selections.
Calculate Full-Time Equivalent Employees in Real Time with Real Data
Under ACA, extra attention must now be paid to the calculation of Full-Time Equivalent (FTE) employees as it affects the health coverage employers are required to offer. In general, it is considered best-practice to base these calculations on actual labor data rather than estimates that use the number of full and part-time employees on staff.
iSolved® HCM’s ACA reporting function gives you the ability to automatically calculate Full-Time Equivalent employees using real data, updated in real-time. This means you can monitor fluctuations and ensure that your benefits package is ACA compliant.
If your current Human Capital Management Solution doesn’t have an FTE calculation tool, we have some excellent resources in our ACA Center that will assist you in the manual calculation.