Paycom Announces New Online Benefit Administration
OKLAHOMA CITY, OK, March 15, 2008 – Paycom, the internet payroll company, has made it easy for employers to manage employee enrollment and benefits. Paycom’s online and integrated system provides employers and their employees a simple solution for managing new hire and open enrollment benefit administration.
Paycom’s Director of Business Development Brad Richardson calls the online system not only savvy, but smart. “This system dramatically cuts the time HR and Benefits managers spend on enrollment and reports,” said Richardson. “We can also immediately add new information or make changes. It’s instantaneous,” he added.
“Our benefits administration is a win-win for employers and employees,” explained Richardson. “The system is not only easy for employers to set up, it’s simple for employees to use and allows convenient employee access.” Paycom’s Employee Self-Service provides employees a variety of options including the ability to punch in and out online, view and access past pay statements and payroll history, gather verification of employment, and make changes to personal contact and W-4 information.
For benefits administration purposes, a new employee can view the benefits for which they are eligible. An existing employee can view the benefits they are currently enrolled in as well as the benefits they are eligible to enroll in during open enrollment. The employee can even input their deductions into their sample paycheck to see what their take home pay would be under various scenarios.
Based on the forms or links the client has uploaded, employees can then print out and complete the enrollment forms for their different carriers.
Because Paycom operates from a single-database system, once an employee’s benefits request has been approved, they can then upload all of the new deductions into payroll by simply clicking Update. By storing all the benefits, payroll and HR information in one database, it eliminates the need for duplicate data entry and maintenance of multiple systems. Companies interested in switching to Paycom’s online benefits administration and HR solutions can find more information on the corporate web site.
Headquartered in Oklahoma City, Paycom processes payroll for customers in all 50 states and has offices in Oklahoma City, Tulsa, Denver, Dallas, Fort Worth, Atlanta, Chicago, Springfield and Raleigh.
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