benefits administration services for workday
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L E S S E N R I S K
Get the Most Benefit Out of Your Workday Benefits Application
R E D U C E A D M I N I S T R A T I V E
B U R D E N S
E N S U R E C O M P L I A N C E
C O N T R O L C O S T S
Managing Employee Benefits is a Complex Challenge
HR executives say maintaining competitive benefits offerings like health insurance and retirement is a top HCM challenge.
Yet, research shows that 59% find benefits administration highly complex.
26%
59%
HIGH COMPLEXITY
MODERATE COMPLEXITY
LOW COMPLEXITY
S O U R C E S : Society for Human Resources Management – Benefits Outsourcing Employee Focus; Guardian Workplace Benefits Study
HR & Finance executives agree: navigating regulatory change while providing an excellent employee experience is difficult, but necessary.
Changing Regulatory Landscape
S O U R C E S : benefitnews.com – more companies outsourcing benefits administration; Prudential CFO Report
Believe employee benefits are critical to attracting
and retaining employees.
Say employee satisfaction with benefits is important for
their companies success.
Are outsourcing or plan to outsource regulatory requirements
of the Affordable Care Act.
65% 63% 46%
Go from Complicated to Consolidated and Compliant
Partner with a benefits administration service
provider that can offer benefits and COBRA
administration services inside your Workday
application so you can automate Open Enrollment
tasks, streamline programs and reduce paper
processes.
Unify and Simplify Employee Benefits
Lessen Risk Reduce Costs
Unify Technology & Services to Simplify Processes
Stay in Compliance
Experience Fewer Errors Provide Outstanding Service to Employees
OneSource Virtual’s versatile
suite of benefits administration
offerings will help you stay
in compliance, reduce your
risk of penalties and provide
your employees with
outstanding service.
Introducing Benefits Administration for Workday from OneSource Virtual
• Enrollment
• Employee care and call center
• Reconciliation services
• Event-driven workflow
Stop taking care of paperwork and start taking care of your people.
W H A T O U R C U S T O M E R S S A Y
“When OSV was able to take on part of the benefits role it really made me feel better. I could be more strategic about which plans I was going to roll out.”
B U S I N E S S C O N S U L T A N T & S E N I O R M A N A G E R | H R T E C H N O L O G Y
From New Hire through
termination, OneSource
Virtual leverages the business
process framework of
Workday to manage COBRA
configuration and integration,
eligibility, participant support
and payment collection.
COBRA Administration
• COBRA elections and terminations correspondence
• COBRA forms processing and notification distribution
• Management and tracking of qualifying events
• Transactions processing, including qualifying events notices, premium invoices and premium payments
• Data tracking and real-time reporting that creates audit trails for regulatory compliance
W H A T O U R C U S T O M E R S S A Y
“It’s really nice that OneSource knows exactly how to configure these plans. They’ve configured them before. We had a brand new plan that we were offering
this year as a HAS and they were able to easily configure that for us and get us rolling along the right track.”
G L O B A L D I R E C T O R , H R T E C H N O L O G Y
Shared Services and Compensation Global Supply Chain, Transportation and Logistics Solution Provider
A Track Record of Benefits Administration Excellence…
Number of Certified Workday Consultants
Benefits Services Customers
Benefits Services Employees Served
308 91 + 244+
EXISTING BENEFITS ADMINISTRATION CUSTOMERS:
...Across a Wide Breadth of Industry Verticals
Public / Non-Profit Technology
Healthcare
Consumer Retail
Manufacturing Financial Services
Managed in Workday by Workday Experts
+
There’s a lot to know and learn when it comes
to employee benefits administration and
COBRA continuation coverage, from administ-
rative tasks to health care reform legislation.
Partner with OneSource Virtual to gain the insight
and expertise of benefits administration profess-
ionals and Workday experts.
T H A N K Y O U
C O N T A C T U S www.onesourcevirtual.com | 888.868.0800