Let’s say you are 500-employee organization that offers ten benefit plans with four documents per plan (each plan varying in length). An open enrollment period could entail over 20,000 documents for you! Online open enrollment eliminates these 20,000 documents and allows HR personnel to save time and money on paper, postage and labor while significantly increasing the accuracy of information. An enrollment cycle that normally takes four weeks to process, takes only one week with Employee Self-Service (Cedar 2002 Human Resources Survey).
Through online open
enrollment, employees are connected to their
benefits providers. Upon HR approval,
enrollment elections are applied to employee
records and employees automatically receive
an email detailing their choices. Ascentis
HR Carrier Connect electronically transmits the information to the appropriate providers.
Employees are only granted access to benefit plans for which they are eligible. Employees can easily view/update their employee records but changes are not made without HR approval unless specified otherwise. At any time, HR administrators can visit the “Setup Approval Policy” section within the “Self-Service Setup Wizard” and choose what information in Self-Service gets automatically approved and what changes get approved manually.
Electronic connectivity and integration between employees, HR, payroll, and insurance providers ensures the highest level of employee satisfaction and accuracy. Employee satisfaction is greatly increased as employees are able to obtain instant and up-to-date information. Since employees are electronically inputting and updating their personal employee data, refusals of benefits and incorrect deductions from paychecks are a thing of the past.