A happy employee is a productive employee.
In addition to our core bookkeeping services, ABBS is proud to offer complete employee benefits administration as well. So what's involved anyways?
Benefits administration is the process of creating, managing and updating an organization’s employee benefits program and involves managing health insurance, retirement accounts, vacations, paid time off and parental leave.
Providing employees with the right mix of benefits is critical to attracting and retaining talent and creating engaged employees; they are less likely to look for another job when benefits fit their needs. Great benefits reduce stress and offer peace of mind that both the individual and their family is covered in case of emergency.
To help create a competitive benefit program, organizations often start by determining what kind of insurance coverage and co-pays the organization will offer. With a benefits program in place, employee benefit administrators or other HR personnel are tasked with enrolling new employees and ensuring all employees understand available plans.