Turnover is an inevitable fact in today’s workforce. Gone are the days when you could expect an employee to earn their 30-year gold watch for continued service and dedication to one company. And while some may be nostalgic for those days of old, it’s time to move forward and prepare for your changing workforce. As Millennials become the largest portion of our workforce, we are seeing a lot of significant statistics for employee retention.
The economy is growing, unemployment is low, and the stock market shows no signs of slowing down. On the surface, things seem pretty rosy.
As HR professionals know all too well, the RFP process can seem a bit overwhelming. Requesting proposals for a benefits administration system involves all sorts of factors, from identifying what your employees need to evaluating technical capabilities, not to mention determining the right price range.
This past October we launched Sofia, our machine-learning, personal benefits assistant who, during annual enrollment, demonstrated how artificial intelligence can improve, quicken, and streamline the benefits process. When assisting employees with their benefits questions, Sofia uses machine learning which evolves and expands as she answers more questions. We were excited to see that Sofia is providing valuable information to employees, helping them enroll in or manage their benefits – she is even active right now, 24/7 – 365!
I am very excited to announce the long awaited strategic collaboration between Businessolver and Transamerica. Transamerica is a leading provider of insurance, retirement and investment solutions – and we are thrilled to work in tandem to deliver an industry-first direct integration of wealth and health. The advanced integration enables users of the Benefitsolver platform to make holistic decisions for medical, voluntary and retirement benefits.
Choosing the right HR technology partner can seem like a daunting prospect: What should the RFP entail? Will the vendor deliver on time? And most importantly, how will this solution help your employees? With 86% of employees reporting that they find the insurance purchase process confusing, it’s more important than ever for employers to offer solutions that provide their employees with the support they need during Annual Enrollment and beyond.
I can’t believe January has come and gone and now it’s time for the month of love! Before you start sighing, let me tell you, February isn’t just for chocolates, oversized stuffed animals, and bouquets of roses – it’s also time to promote healthy heart habits to keep your ticker on track and in shape. What better way to celebrate Valentine’s Day than pampering your heart?
The uses of AI are deeper and wider than we may have imagined years ago. Past literature and film depicted AI as robots helping command a spaceship or as an iron superhero saving a city from evil. While AI today may not look like a Transformer or R2D2, its expanding list of use cases is changing our daily lives.
From Siri and Alexa answering our questions to Netflix recommending shows to watch, artificial intelligence (AI) is becoming a reliable feature in our everyday lives.
“Don’t ask me about tech; I’m the money man/woman.” I’m willing to bet more than one CFO has deflected queries about their company’s technology strategy overall, let alone grittier details about data security and cyber risk.
We may be wrapping up Annual Enrollment this month, but we are already looking to 2018 and what’s in store for the year ahead. A New Year brings renewed resolutions and updated calendars, but it’s also an opportunity to strategize for success in the coming year.
The rumors are true. Data scientists – particularly ones that work in tech-dominant Seattle, like I do – are pretty left-brained: logical, analytical, objective. We generally think in numbers and figures, and yes, we drink a lot of coffee. But that doesn’t mean we can’t create technology that is empathetic.
Happy National STEAM Day! Today is meant to inspire children to explore and pursue their interests in science, technology, engineering, art and math.
We are happy to share that Sean McMurray, a Businessolver co-founder, left our Board of Directors to join us in June as Chief Technology Officer. Sean brings to our team more than 20 years of tech experience and a wealth of institutional knowledge: After all, he’s one of the original builders and designers of the Benefitsolver platform. I sat down with Sean to talk more about his role and his goals for Businessolver’s future.
Cyberattacks are a major threat to businesses today, with a single attack potentially costing a company hundreds of millions of dollars and permanently deflating customer trust. With hackers growing more sophisticated all the time, the risk has never been greater and companies need leaders focused daily on shielding customer data.
2016 is coming to a close, and we’re on the brink of ringing in a new year that will undoubtedly bring new complexities and challenges to employee benefits. In 2017, it will be more important than ever to stay informed of the latest trends and issues emerging from the benefits landscape, and though January hasn’t begun, it’s never too early to start. Here are three benefits trends to look for in the year ahead.
After a full and exciting week, the 19th HR Technology Conference & Expo is officially over. Last week’s event was packed with great sessions, advice, networking, and – if you stepped foot in the expo hall – confusion. I saw countless HR pros at the start of the show excited because there were so many vendors, but then quickly panic because there were so many vendors. Without a doubt, the amount of solutions in the market today easily becomes overwhelming, especially when decision stakes are high.
Months of planning go into the most important time of the year for us HR pros – annual enrollment. After all of the research, planning, negotiating, and preparation, one last hurdle remains before enrollment begins: Presenting the benefits strategy to the C-suite. The presentation is a big moment – a time to shine and highlight HR’s role at the table with senior leaders.
To help you nail it and get unanimous C-suite support, we recently held a webinar session about how to sell your benefits strategy to the C-suite, featuring two experts who shared techniques to ensure a successful meeting. If you missed the live session, don’t worry! The entire presentation is available now for on-demand viewing. Too busy prepping for AE for an hour webinar? Here are our experts’ five best tips and tricks:
Can you believe it’s already mid-July? ACA deadlines made the first half of 2016 fly by and before we know it, annual enrollment will make the second half fly even faster. As we mark the halfway point of the year, we wanted to take a look back on some of the predictions that we made late last year in our “7 Trends for 2016 in the Wild World of Benefits Administration” eBook. Have our predictions held true? Take a look!
We all know the saying of mother knows best. As a mom of two, I can verify this is true...(I wish!). I certainly don’t have all the answers, but there’s something to be said for a mother’s intuition – it seems like moms always know what to do. This past weekend many of our team members were lucky enough to celebrate Mother’s Day with their moms and hear some of their best, tried and true words of wisdom. Back in the office we were reflecting on our moms’ advice and I realized it’s not only sage guidance for life, but for the world of benefits administration too.