Paylocity, a leader in cloud-based HR and payroll software solutions, has announced the launch of Benefits Decision Support. This new product aims to streamline benefits enrollment by providing employees with personalized recommendations tailored to their individual health needs, financial situations, and family dynamics. Integrated within Paylocity’s comprehensive HCM platform, Benefits Decision Support addresses a common pain point for HR teams by simplifying the benefits selection process.
Simplifying Benefits Enrollment
- Personalized Recommendations:
- Offers tailored suggestions for various plans, including medical, HSA, FSA, hospital, accident, and critical illness.
- Helps employees make informed decisions based on their unique needs and circumstances.
Enhancing Employee Experience
- Improved Decision-Making:
- Reduces confusion and roadblocks in benefits selection.
- Increases employee confidence and satisfaction with their benefits package.
- Administrative Efficiency:
- Eases the administrative burden on HR departments by streamlining the enrollment process.
- Provides more accurate data for optimizing benefit plans.
Recent Product Innovations
- Additional Offerings:
- Benefits Decision Support joins recent Paylocity innovations such as Recognition & Rewards, Employee Voice, Advanced Scheduling, Market Pay, and a redesigned mobile app.
- These products have seen significant success, with over 30,000 job searches through Market Pay and high ratings for the mobile app.
Advancements in AI
- AI-Driven Enhancements:
- Following the introduction of Generative AI in fiscal 2023, Paylocity has added several AI-driven features across its platform in fiscal 2024.
- Enhancements in Learning Management and Community have facilitated hundreds of thousands of AI-assisted interactions.
- Toby Williams, President and CEO, Paylocity:
- “Benefits Decision Support helps remove roadblocks and confusion so employees can take full advantage of their benefits package. We are enhancing employee confidence and increasing enrollments, ensuring more accurate data for plan optimization.”
Paylocity’s new Benefits Decision Support product represents a significant advancement in simplifying the benefits enrollment process. By providing personalized recommendations and reducing administrative burdens, Paylocity continues to lead in delivering innovative solutions that enhance the overall employee benefits experience. This launch, alongside recent AI-driven enhancements and other product innovations, underscores Paylocity’s commitment to modernizing HR technology and improving workforce management.
