Attractive benefit packages help recruit and retain top talent. PayVision Online’s benefit administration services is integrated into our powerful workforce management solution. You tailor your benefits to meet the needs of your business and our HCM | Payroll platform makes sure your employees are accurately and efficiently compensated.
Your employees work hard for you, and offering tailored employee benefits will not only save you time, but will also result in improved employee engagement. Benefits could include:
Flexible Spending Accounts – Under Section 125 of the IRS Code, employers may adopt a plan that allows participants to set aside money, on a pre-tax basis, to pay for qualifying medical and dependent care expenses. Flexible Benefit Plans reduce payroll taxes and the employees save FICA, federal and state taxes.
Health Reimbursement Arrangements – Health Reimbursement Arrangements (HRAs) are another major part of the growing trend toward greater health care consumer responsibility. When you establish an HRA, you help your workforce with out-of-pocket expenses.
Health Savings Accounts – Health Savings Account (HSA) is a full featured spending and savings account with limited cash requirements and automatic roll over into market driven mutual fund investment elections. Most importantly for your workforce, an HSA account is portable – employees keep any unused funds for use in future years and to roll over those funds when they leave the company.
With our comprehensive workforce management solution, your benefits administration has:
- Streamlined open enrollment
- Real time integration
- Carrier specific reports
- an Automated process
that ultimately improves employee satisfaction. Reward your employees with PayVision Online!
Call us at 214-442-5888 to learn more about our unified time and attendance, payroll, benefits and human resources solution!