Florham Park, NJ (PRWEB) August 02, 2012
Unicorn HRO, an industry leader in benefits, payroll and HR solutions, today announced a comprehensive solution to automate the administration, enrollment and communication of voluntary benefits. Through Unicorn HRO’s solution, employers can automate and optimize the processes associated with administering and enrolling employees in voluntary benefit programs, further minimizing the administrative duties typically associated. Additionally, Unicorn HRO integrates the enrollment process with its leading payroll solution to automate deductions.
The market for voluntary benefits has increased in recent years. According to Prudential’s Sixth Annual Study of Employee Benefits: Today & Beyond, seventy-five percent of employers say their top reason for offering voluntary benefits is to expand the benefits options available to their employees. Additionally, fifty-two percent of employees felt that offering voluntary benefits increased the value of their company’s offerings. While there are no direct costs to the employer to implement a voluntary benefit program, they do require a level of support in order to be successful.
“By providing a comprehensive benefits solution that addresses a number of employer’s challenges, we hope to save them both time and money through a more effective benefits communication and enrollment strategy and solution,” said Tim Diassi, Executive Vice President and General Manager, Unicorn HRO. “Unicorn HRO provides an automated enrollment and payroll deduction solution combined with a communications call center to answer employee questions regarding voluntary benefits.”
Voluntary benefits are designed to complement an employers existing benefits program, not replace or compete with their medical or other offerings. Employee benefit programs have long been linked to increased employee satisfaction, leading to better recruiting and retaining of key talent. When adding voluntary benefit programs, many employers can enhance their benefits program with no additional costs out of pocket. Adding voluntary benefits enables employers to maintain a competitive benefits package while providing employee’s choice of coverage.