In an SHRM survey, 92% of employees indicated that benefits are important to their overall job satisfaction. An organization that uses benefits as a strategic tool for recruiting and retaining talent reported higher overall company performance and above-average effectiveness in recruitment and retention compared with organizations that did not.
These business benefits coupled with current talent scarcity is forcing companies to take a deeper look at their benefits administration function. Today, organizations can choose from over 300 possible benefits options, making benefits technology a must-have for organizations.
