But they also expect a competitive benefits program. Many companies today are discovering outsourcing the benefits function allows them to offer more comprehensive programs than they could if they kept the benefits function in-house. Outsourcing employee benefits benefits all employees. Benefits experts can provide higher quality service since they are bound by service level agreements. Outsourcers have the access to capital and are now investing in the technology to move some benefits functions to the Internet, for example.
Employers benefit, too.
They receive better services at lower costs. And they don't have to keep up with the constant changes in federal law. They can leave the headaches of reporting to them. An Electric Relationship Chip Howden of Southern Company discusses the electric utility holding company's outsourcing of HR functions. Consolidating benefits administration through outsourcing Insuring Success Taking the pain out of dealing with insurance companies by putting benefits administration on-line.