Hr Analytics

Businessolver Announces Latest Product Innovation through Technology Advancements Designed to Maximize Employee Engagement

Businessolver, a leader in SaaS-based benefits technology and services, today announced the latest enhancements and additions to its product suite, specifically designed to meet the unique human resource challenges brought forward by the dramatic shifts in the workforce over the past year including return to work challenges, monumental shifts in digital demand, and greater efficiency needs in HR/benefits administration for employers.

"Our latest product additions reflect the spirit of innovation that runs through all that we do, as well as strengthen the end-to-end benefits support we provide our clients as they work hard to drive results for their organizations under the unprecedented pressure created by the pandemic combined with a shift in digital demands from the upcoming majority workforce," said Rae Shanahan, Businessolver's Chief Strategy Officer. "These enhancements, which were rolled out throughout the first six months of 2021, address current human resource needs around return-to-work strategy for hybrid workforces and offer reinforced employee engagement tools to help employees better choose and use their benefits—no matter their work location."

Vaccine Tracker adds greater transparency and peace of mind to return-to-work planning
As employers consider return-to-work policies amid the COVID-19 recovery, tracking individual employees' vaccination status is an important piece of strategic planning. Businessolver's Vaccine Tracker offers its clients a seamless and secure way to do that, by allowing them to track vaccine status in the same place as employees' eligibility data, creating a convenient location to manage this important information. Through the deep communication framework embedded in Benefitsolver®, Businessolver clients can also help communicate to members the importance of updating their vaccine status and provide digital automated reminders through mobile app notifications, e-mail, text messaging, and user prompts upon login to do so.

Historical medical utilization integrated into MyChoice® Recommendation Engine drives more personalized plan recommendations
Although claims data is not always the best indicator of future health care spend, understanding how employees have previously used their medical benefits can be a valuable educational entry point to help employees understand the impact plan selection can have on their health care utilization and behavior. Businessolver added a new option within its decision support tool, the MyChoice Recommendation Engine, that allows historical claims utilization to be integrated into the overall benefits recommendations suggested for employees and their dependents during the benefits enrollment process. Not only does this enhancement help yield greater personalization in plan recommendations, but also allows employees the opportunity to understand how they are putting their benefits to use and if more cost-effective usage is possible.

MyChoice Find a Provider reduces confusion and adds convenience to accessing health care
In partnership with Amino®, a leading health care guidance platform, Businessolver added MyChoice® Find a Provider to its product offering, a health care navigation tool that allows employees to find and book high-quality, cost-effective medical care within Benefitsolver. Powered by Amino's Smart Match technology, MyChoice Find a Provider seamlessly integrates with Benefitsolver, the MyChoice Mobile App, and Businessolver's personal benefits assistant SofiaSM to guide employees toward informed health care decisions based on their condition, medical plan, and geographic location/preference. More often than not, driving greater health care consumerism begins with providing greater convenience. MyChoice Find a Provider creates a seamless opportunity for employees to find in-network providers and review cost coverage options from the same place in which they enroll in their benefits, an important tool ahead of next year's transparency regulations.

Updated user interface for MyChoice Mobile App promotes mobile-first adoption in line with consumer tendencies and preferences
The average American spends more than 17 hours in front of a screen each day, including 4.5 hours on a smartphone—most of which is spent using apps. The average American smartphone user has close to 90 apps installed on their phone and uses almost 8 apps every day. Further, the increase in remote work since the start of the COVID-19 pandemic has surged daily screen time—now up to 19 hours since March 2020. Those statistics drive Businessolver's continued investment in its mobile technology, including the latest release of a new user interface and dashboard for its MyChoice Mobile App. The updated dashboard uses consumer best practices and brings greater visibility to Businessolver's personal benefits assistant Sofia.

Enhanced reporting for Sofia helps clients shape and shift benefits engagement strategies
Alongside continuous updates to its artificial intelligence capabilities, Businessolver recently upgraded the depth of reporting available to clients related to usage of its personal benefits assistant Sofia. This enhanced reporting includes important performance metrics that show Businessolver clients Sofia's ability to resolve employees' benefits questions via chats and calls any day, any time. More importantly, the new reporting includes engagement metrics for Sofia that aren't available elsewhere—specifically how Sofia is able to mine thousands of conversations to provide the key insights into what an employee population is asking and how they are asking it. This leads to superior findings in how Businessolver clients can pivot engagement strategies throughout the year to meet employees' needs.

"We're honored to be a trusted partner for our clients during this incredibly challenging time, and want to repay that trust by giving them our very best in product innovation and exceptional service," Shanahan said. "The additions and enhancements we've made to Benefitsolver in the first half of this year help bolster our clients' ability to meet current workforce challenges as well as arm them with data to effectively plan for the future."

About Businessolver

Since 1998, Businessolver has delivered market-changing benefits technology and services supported by an intrinsic responsiveness to client needs. The company creates client programs that maximize benefits program investment, minimize risk exposure, and engage employees with easy-to-use solutions and communication tools to assist them in making wise and cost-efficient benefits selections. Founded by HR professionals, Businessolver's unwavering service-oriented culture and secure SaaS platform provide measurable success in its mission to provide complete client delight.

Spotlight

Are you worried about the unintended consequences of AI? ChatGPT and other generative AI software will forever change the landscape of work. How should your organization engage with GenAI to benefit the business while maintaining security and privacy? Exactly where AI will take us may be uncertain, but you can navigate it intell

Spotlight

Are you worried about the unintended consequences of AI? ChatGPT and other generative AI software will forever change the landscape of work. How should your organization engage with GenAI to benefit the business while maintaining security and privacy? Exactly where AI will take us may be uncertain, but you can navigate it intell

Related News

HR Practice

Modern HR Software Solutions Introduce New Features to Enhance Workplace Efficiency in 2024

Factorial | February 05, 2024

With the New Year underway, many businesses are reevaluating their HR software solutions to increase efficiency and effectiveness in the evolving HR management landscape. Gartner data highlights that businesses frequently replace HR software due to system inefficiencies, missing features, and reliability concerns. Key reasons for dissatisfaction include inefficiency (34%), insufficient functionality (29%), and unreliability (13%). In response to these challenges, modern HR software solutions are offering five new features designed to enhance efficiency within its software AI-powered Applicant Tracking System : New AI-powered Applicant Tracking System (ATS) to streamline the traditional CV screening process, a major bottleneck in recruitment. This innovative feature allows hiring managers to assess applications based on various criteria such as company values, job descriptions, CVs, offer letters, and custom questions. The result is a significant reduction in screening time, ensuring a comprehensive evaluation process. Geofencing Precision: Geofencing Precision addresses challenges faced by organizations with multiple locations or flexible policies. By incorporating geofencing capabilities into its time-tracking features, HR software solutions help prevent unauthorized overtime, a key contributor to increased labor costs and decreased workforce productivity. This enhancement allows HR leaders to enforce accurate clock-ins at designated workplaces, thereby reducing labor costs and enhancing employee accountability. Insights V2 Data Analytics. Insights V2 provides organizations with comprehensive data for informed decision-making. Users can now filter company data using multiple parameters, simplifying the process of checking and exporting valuable metrics in real-time. This timely and accurate insight is crucial for strategic decision-making. Time-Saving Documentation: Time-Saving Documentation enables users to pre-fill forms with document templates and fillable PDFs. This streamlined process, combined with personalized data, enhances efficiency for employees verifying information, meeting the growing demand for tools that simplify administrative processes. Seamless Payroll Integration: HR software solutions are seamlessly integrating payroll and benefits administration with HR management processes. This aims to enhance organizational efficiency by reducing manual errors, improving accuracy, and fostering collaboration between HR and finance departments. Recognizing this, Factorial, a leading provider of HR software solutions, is introducing innovative features from AI-powered applicant tracking to payroll integration. Jordi Romero, Co-founder and CEO of Factorial, emphasizes, "These new features reflect our dedication to empowering HR teams globally. By harnessing the power of technology, we aim to transform the way organizations approach human resources, fostering efficiency, collaboration, and success." As businesses strive for greater efficiency and effectiveness in the new year, Factorial is committed to providing support and solutions. About Factorial Founded in 2016, Factorial offers people-centric solutions for HR teams, automating processes so they have more time to dedicate to the people within their organization. With over 75,000 users across 65+ countries, Factorial serves clients such as KFC, Booking.com, and Whisbi. Factorial became Europe's newest Unicorn in 2022 following a Series C investment round.

Read More

Payroll

ADP® Assist with Generative AI Features Makes HCM Decisions Easy, Smart and Human

ADP | February 02, 2024

ADP®, a leading global technology company providing human capital management (HCM) solutions, announces the availability of ADP Assist, a cross-platform solution powered by generative AI (GenAI). ADP Assist enhances HR productivity, aids decision-making with data-driven insights, and streamlines day-to-day tasks for practitioners, managers, employees and executives with simple, human-like conversations. It harnesses the power of ADP's unparalleled data and expertise along with GenAI to simplify the world of work. ADP Assist builds on ADP's current AI capabilities and is currently in early release with some ADP clients today with a planned rollout for all clients. "For 75 years, ADP has been at the forefront of payroll and HR innovation. With ADP Assist, we're providing an intelligent platform that simplifies HR tasks, leaving time for people leaders to be more strategic," says Maria Black, president and chief executive officer of ADP. "It's not just another technical solution; it's a comprehensive experience that combines ADP's unmatched HCM dataset and expertise to empower HR professionals, leaders and employees." Data Drives Innovation Data is at the core of all ADP products and solutions, informing and driving ADP's approach to innovation and AI technology. ADP has the industry's largest and deepest HCM dataset with over one million clients spanning 140 countries and 41 million wage earners globally. ADP's extensive and unique dataset is used to train ADP's AI to anticipate what users want and need. ADP Assist turns unmatched data into highly credible and actionable insights so that clients can make smarter decisions. Easy, Smart and Human "In a constantly changing workplace, innovation must keep up and meet people's real-world needs," says Sreeni Kutam, president of global product and innovation at ADP. "ADP Assist is the next step in our vision to create an HR ecosystem that is not only efficient but empowers employees and HR professionals alike. We've created a platform that understands the complexities and dynamics of modern HR management and offers smart, user-centric solutions. And, as always, we are committed to the secure and ethical use of data to support these technologies." ADP Assist seamlessly integrates with ADP products across multiple ADP platforms. It anticipates what users want and proactively delivers actionable insights in plain language. Using an intuitive, conversational interface, ADP Assist provides valuable and contextual insights which touch every aspect of HR – payroll, time, talent, benefits, recruitment, analytics, reporting and compliance. ADP's portfolio of currently available GenAI- and AI-powered tools deliver the following capabilities Easy payroll. ADP Assist validates payroll information. It checks for payroll anomalies and uses GenAI to identify and help resolve missing tax registrations and answer questions by drawing on ADP's large, up-to-date dataset of compliance information. This saves HR effort and helps clients to ensure employees are paid accurately and on time. Smart analytics. ADP Assist uses GenAI to dramatically simplify report creation by understanding context and generating insightful reports in an easy-to-understand format. HR practitioners and leaders can easily access internal, national and global workforce data from ADP's deep HCM dataset to analyze compensation, turnover, candidate profile relevancy and talent market insights. Human insights. Intelligent and AI-based HR support for employees and clients can anticipate and solve common employee problems across HR, payroll, time and benefits. This reduces frustration for employees and eliminates certain low-value tasks for managers and HR practitioners. ADP Assist can send personalized, proactive notifications to employees on their mobile device or desktop to help resolve HR issues quickly, keeping them productive. AI-powered conversational interface makes it easy for employees to get the information they need without involving HR. Search by Intent. The RUN Powered by ADP payroll and HR solution features an omni search bar that understands intent behind the search terms and uses GenAI to mine ADP's deep knowledge base to deliver easy-to-use and effective content. "In the age of AI, the better the data, the better the artificial intelligence," says Holger Mueller, vice president and principal analyst for Constellation Research, Inc. "ADP is uniquely well-positioned in the field of HCM vendors given the breadth and depth of its data. ADP is using that data to make AI more human, focusing on customer success in a worldwide space. This really makes a difference not only for HR practitioners but for leaders and employees." About ADP Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people.

Read More

info

this is news

madhav | April 24, 2024

this is description

Read More