As the saying goes, "convenience is king." Convenience is a great selling point when it comes to employee benefits administration, and any solution that touts convenience gets our attention, but benefits advisors and employers alike have to be wary.
There are countless benefits technology solutions on the market. Unfortunately, many of them fail to deliver streamlined ben admin processes. Among these systems are all-in-one solutions, which are often provided by HCM and payroll providers. Not only can't these systems simplify ben admin, but advisors who endorse these systems may wind up cutting themselves out of the equation.
|The pitfalls of all-in-one technology
A system that offers a mix of many aspects of HR under one hood sounds very appealing. And once teams begin using the system, they may find that some components work really well; however, the other components often pale in comparison. You can't compromise other HR components for one that works really well — and you especially can't compromise on benefits administration technology.
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