Benefits Functions & Features

Benefits functionality is used to administer a diverse range of benefit plans. Such plans typically cover accidental death and dismemberment (AD&D), disability, and life insurance, medical benefits, retirement plans, flexible benefits, and profit-sharing plans.. Benefits Functions & Features are an important module of the comprehensive HCM RFP Template.

The HCM RFP template with Benefits Functions & Features for HCM is a Microsoft Excel spreadsheet (.xlsx) featuring a total of 1430 decision criteria. The HCM RFP template allows you to quickly and easily prepare the business, functional, and technical requirements sections of the solicitation package you'll send to HCM software vendors. It ensures for:

complete response from each HCM software vendor
deep and accurate evaluation of submitted HCM proposals
impartial side-by-side comparison of HCM solutions evaluated
rational and documented selection of the best matching HCM system

The HCM software comparison report can save you up to 90% of the time you would have otherwise spent comparing all the HCM solutions from scratch.

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The Benefits Functions & Features comprise the following elements:

Benefits administration
Benefits administration includes accessing and imputing new employee records, changing an existing employees' record, as well as cancelling a terminated employees' benefit profile. Benefits administration, Benefits Functions & Features
Profile for Employee Benefit Plan
The profile for employee benefit plan includes information that is pertinent to an employees' benefits including (age, smoker/non-smoker, etc.). When/if any one of these details changes, it may affect the current benefits that the employee receives (e.g. life insurance amount). Profile for Employee Benefit Plan, Benefits Functions & Features

TEC Advisor can save you up to 90% of the time you would have otherwise spent figuring out on your own which HCM solution is the best for your needs.

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Benefits Functions & Features

Benefits administration

Profile for Employee Benefit Plan