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Global Work Glossary

Lost in a maze of global employment jargon? Find your way out with our handy collection of work and HR terminology

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Benefits Administration

What does benefits administration refer to?

Benefits management refers to the process of overseeing employee benefits programs such as healthcare and retirement plans. When employers offer these perks, they are responsible for ensuring compliance and helping employees find all the information they need to make use of them. This can help to ensure happy healthy workers and boost retention rates.

For example, in the United States, two of the common tasks involved in benefits management are ensuring that employees know how to enroll in health insurance plans and checking compliance with the Employee Retirement Income Security Act (ERISA). This can mean running employee training sessions and conducting regular audits.

Benefits administration often also involves evaluating the value of current benefits, selecting cost-effective benefits plans, and reviewing and updating employee information in a benefits management system. All of these tasks are made easier with a platform like Multiplier that provides both organizations and employees with an instant overview of current benefits and benefits options. Using a solution such as this is particularly key when offering benefits globally as it handles all documentation needed for compliance in each country.

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