| | DECEMBER 2020MANAGEHRMAGAZINE.COM6As of today, the multigenerational workforce requires benefits that are personalized, creative, digital, and flexible. A novel approach and innovative ideas, such as binding employee benefits to diversity and applying social responsibility strategies, can help organizations distinguish from the other players in the marketplace. Due to ever-changing government regulations, aging populations, and growing complex healthcare needs, medical and disability costs are escalating. As the benefits administration service arena is expanding, and the latest technologies are influencing the business, organizations are migrating their technology and data on the cloud. Since cloud storage keeps data secure, backup files on a regular interval, and prevents the HR team from filing in all that paperwork. The money organizations were spending on paper, toner, and labor will simply shift to pay for cloud services. As an increasing number of millennials are joining the workforce, making benefits enrollment mobile-friendly is no longer a distinguishing feature but a necessity. Keeping employee wellness as the top priority, flexibility of enrolling in benefits, reporting a life change event, or uploading necessary documentation from anywhere are some of the critical services that are needed to be embraced by organizations at large.On the contrary, technology trends are influencing the way business owners to approach employee benefits. The investment businesses make in technology can unlock new avenues by offering opportunities for alternative benefits in addition to taking some of the stress away. Most importantly, it can save time, which allows focusing on an essential part of business, the customers. In this edition of Manage HR, we bring to you some of the leading companies that have excelled through innovation in delivering benefits administration consulting/service. We hope the inspiring success stories of these providers benefit our readers who are in pursuit of an ideal collaboration.Let us know your thoughts!EditorialPaving the Way for Innovation in Benefits AdministrationManaging EditorAlex GonsalvesEditorial StaffAaron PierceAva Garcia Philo VazRussell ThomasVisualizersVictor Cruz Copyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@managehrmagazine.comeditor@managehrmagazine.commarketing@managehrmagazine.com MANAGE HR MAGAZINEDECEMBER - 26 - 2020, Volume 02, Issue 16 Published by ValleyMedia, Inc. To subscribe to Manage HR MagazineVisit www.managehrmagazine.com Alex GonsalvesManaging Editoreditor@managehrmagazine.comAlex Gonsalves
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