As more organisations look to attract and retain talent into their organisations, the ability to offer flexible benefits is vital. The complexity of managing multiple or individual employee-tailored benefits packages often prevents organisations from being able to offer these, but with Oracle Advanced Benefits, this administration burden is taken away.
Oracle Advanced Benefits provides you with a structured way of controlling costs by improved information on benefit take-up and costs incurred while also reducing administration by automatically extracting accurate information for third-party providers.
Oracle Advanced Benefits enables greater flexibility to the employee. Within self-service they can see only those benefits that they are entitled to and can select and migrate across benefits in accordance with the rules that you set. They are also provided with an accurate and up to date benefit statement keeping them aware of what they are entitled to and what they have received.
Oracle Advanced Benefits is fully integrated into core Oracle HR and Oracle Payroll to ensure that when a change in an employee’s role or personal circumstances occurs their entitlement profile is automatically updated and the employee can be notified that they are eligible to update their benefits.
For more information on any of the Oracle HCM modules, please contact John Brownhill on +44 (0)1372 860 740 or email him at email@example.com