Market Overview

HCM Benefits in the Cloud: How Technology is Driving a Better Experience for Employees and the Business (2018 Research Brief) - ResearchAndMarkets.com

Share:

The "HCM
Benefits in the Cloud: How Technology is Driving a Better Experience for
Employees and the Business (2018 Research Brief)"
report has
been added to ResearchAndMarkets.com's offering.

In the never-ending effort to engage employees and improve the overall
employee experience, wellness and well-being, benefits have become
powerful tools, with cloud-based technology serving as a major enabler.
Benefits administration is no longer a siloed function. The trend now is
an organization-wide wellness and well-being effort.

  • Administered through cloud-computing.
  • Assisted by machine learning to help each employee make decisions
    based on what has worked for previous employees with similar profiles.

The term 'benefit' now serves as an umbrella for anything an employer
provides to their employees outside of compensation. Wellness refers to
anything to do with employee health: medical, vision, dental etc.
Well-being benefits go beyond the physical to employees' emotional,
psychological, social, and spiritual needs and interests.

Organizations increasingly measure the effectiveness of benefits
programs by employee participation, increased employee engagement, loss
of work days and other metrics affecting performance and employee
experience. That does not mean traditional return on investment for
benefits and wellness is not important; about one-third of organizations
know their average per-employee cost reduction attributable to their
wellness/well-being program.

The Wellness and Well-Being Study gathered 221 responses from 31
countries and 32 industries. The data was collected in January-March
2018.

Key Topics Covered

  1. Overview
  2. Impact of the 'Cloud'
  3. Conclusion
  4. Key Takeaways

For more information about this report visit https://www.researchandmarkets.com/research/tbc6vf/hcm_benefits_in?w=4

View Comments and Join the Discussion!