If you’re looking for the best HR software to manage and organise your employee benefit obligations, isolved Benefit Services might be the right fit.
Isolved Benefit Services offers a variety of benefit and payroll services to small and medium-sized businesses. These services help you lower your tax bills, follow all laws and rules, and make payroll management easier.
In our review of isolved Benefit Services, we look at the company’s pros and cons to see if it is a good investment for your business.
Isolved Benefit Services: Plans and Pricing
Instead of listing prices for its services online, the company provides customised quotes for each business based on its specific needs and employee count.
The fastest way to get a quote is to fill out the online form with as much information as possible, such as the number of people you hire and the types of benefits services you need.
Using a company like isolved Benefit Services will usually pay off in the long run. It will not only make audits less stressful, but it will also help you attract top-tier talent due to your streamlined and generous benefit structure. In a nutshell, it’s beneficial to business administration and organisational culture.
Features of Resolved Benefit Services
Now, we’ll go over some of the most important compliance services that isolved Benefit Services offers to businesses.
Keep in mind that the benefits of the company’s services can appear intangible. The value your company receives is the absence of costly penalties and litigation, rather than more clearly identifiable cost savings or productivity increases. We like to think of it as human resource management insurance.
The Consolidated Omnibus Budget Reconciliation Act (COBRA) is one of the most important but also most complicated benefit laws in the United States. It provides continuous healthcare coverage for employees and dependents in a variety of situations, but it can be a logistical nightmare for businesses to manage. This is because it necessitates complex timeframe tracking and frequent notices.
Fortunately, isolved Benefit Services has always focused on assisting businesses with COBRA compliance. In fact, the company was originally known as COBRA Compliance Systems when it was founded in 1998. Since then, the company has handled more than 8 million COBRA notices, and it is proud that none of its clients has ever failed an audit.
Employee Transportation and Parking
isolved Benefit Services make it simple to reduce employee transportation and parking costs. This makes it easier and less stressful for employees to get to work.
Rather than paying for transportation and parking with their own money and then waiting for reimbursement, iSolve allows employees to pre-authorize deductions (pre-tax) and then purchase parking or public transportation passes with a company debit card.
With isolved Benefit Services, setting up this programme is simple. The company will supply you with a pre-filled Section 132 Transportation Reimbursement Plan and will assist employees in enrolling in the programme.
Interaction with and utilisation of isolved Benefit ServicesiSolved Benefit Services maintains separate platforms for different services. On the one hand, this makes it simple to compartmentalise benefit programmes for both business leaders and employees, and it eliminates any confusion about which benefit policy is being viewed.
However, this complicates the process more than we believe is necessary. Isn’t it possible to create a simple, easy-to-use dashboard with only the most important information for each benefit policy?
Isolated Advantage Services: Ad Support
Employers and employees can use the iSolved Benefit Services website to access an extensive library of resources. These resources cover the many different types of benefits services offered by the company, as well as specific support for COVID-19-related issues.
During business hours, the company can also be reached by phone or email, and there is an online help form for other issues.
Benefit Services Resolved: Security
ISolved Benefit Services has been in business for a long time, and we believe the company has earned its reputation for providing high-quality services. You can trust the company to keep your information safe and make sure you are following all the rules.
There aren’t any major security concerns with this type of service. However, you should always send sensitive information (such as financial information or employee information) through secure and encrypted channels. This will help to protect you from cybercrime.
The lack of an integrated interface is our main criticism of isolved Benefit Services, so it’s no surprise that our favourite competitors succeed in this space.
Companies like BambooHR offer integrated, user-friendly, and powerful software platforms that allow employers and employees to view and manage their benefits online. Bamboo HR’s main strength is that it also offers a suite of other HR services, making it a one-stop shop for business HR management.
Similarly, Employment Hero offers an appealing online interface for both employers and employees, as well as the ability to combine multiple services on a single platform, though the breadth of its support falls short of that of iSolved Benefit Services.
The final word
If you’re a small or medium-sized business concerned about how to manage your benefit obligations while also ensuring your employees are well taken care of, consider iSolved Benefit Services.
For over thirty years, the company has assisted businesses (over 17,000 of them) in streamlining their benefit frameworks and making IRS and DOL audits less stressful.
Isolved Benefit Services is a good investment for the right company, and it is definitely one of the best HR programmes for businesses that do well.