Employee benefits (a.k.a. perquisites or perks) are non-wage form of compensation provided to employees in addition to their normal wages or salaries. Administration of these benefits involves creating, updating and managing the benefits programme. This includes employee enrollment management, suppliers liaising and working with finance to manage benefits related invoices. Benefits Administration services are often provided by 3rd party vendors typically using a cloud-based software.
At enlyft, we use sophisticated, patent-pending algorithms to track the use of various Benefits Administration Services products and technologies. We track 9 products in the Benefits Administration Services category, and have found 2,145 companies using these products.