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About Al Doran
Benefit Management Initiatives Target Employee Behavior
Monday, February 12, 2007
Boston. Ma., -- The trends in benefits management are clear: integrate benefits more tightly with payroll and employee self-service to achieve administrative time and cost savings while pushing bold employee wellness initiatives to reduce healthcare utilization costs. According to a newly published Aberdeen, a Harte-Hanks Company report, "Benefits Management Benchmark: Technology Automation and Employee Self-Service," 66% of Best in Class firms have automated benefits management via software licenses, on-demand subscriptions or 3rd-party outsourcing. Only 51% of industry norm groups and 30% of industry laggards have an automated benefits management system. The report's key findings indicated that 44% of Best in Class had also invested in some form of consumer-driven health plan to motivate changes in employee behavior toward wellness. The goal of these initiatives is to reduce the rate of healthcare utilization while increasing attendance and productivity of the workforce. Read more: http://www.ehrms.com/blog/one-entry/9465 |
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