benefits administration services for workday

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Page 1: Benefits Administration Services for Workday
Page 2: Benefits Administration Services for Workday

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

Page 3: Benefits Administration Services for Workday

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

Page 4: Benefits Administration Services for Workday

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%

Page 5: Benefits Administration Services for Workday

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.

Page 6: Benefits Administration Services for Workday

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

Page 7: Benefits Administration Services for Workday

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.

Page 8: Benefits Administration Services for Workday

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

Page 9: Benefits Administration Services for Workday

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

Page 10: Benefits Administration Services for Workday

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

Page 11: Benefits Administration Services for Workday

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:

Page 12: Benefits Administration Services for Workday

...Across a Wide Breadth of Industry Verticals

Public / Non-Profit Technology

Healthcare

Consumer Retail

Manufacturing Financial Services

Page 13: Benefits Administration Services for Workday

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.

Page 14: Benefits Administration Services for Workday

T H A N K Y O U

C O N T A C T U S www.onesourcevirtual.com | 888.868.0800