Tired of answering unending questions about balances and policies across multiple benefits providers? The ease of a unified employee experience with a Flexible Employee Benefits Platform is a meaningful change. Account activity and deductions are all managed from the same system, connecting seamlessly to Payroll, which means convenience, time-savings and, ultimately, cost savings. With Paylocity Flexible Benefits, maximizing third-party administrative (TPA) benefit offerings has never been easier – for you or your employees!
pcty_1-PFH-Request_a_Demo-Prospect_
Convenient, 24/7 Access to Plans and Funds
Empower employees to access their flexible benefits as easily—and in the same place—as their paychecks and time-off requests.
Transportation Management Accounts are a pre-tax benefit for work-related transportation and parking.
Simplify Flexible Benefit Management and Employee Usage
Access Anywhere
Stand out as an employer by offering useful tools. Employees can review account balances and file claims any time, on mobile or desktop, with real-time event notifications—in the same tool they’re used to accessing to punch in, view paystubs, and more.
Educate Employees
Help employees make informed decisions on the flexible benefits available to them with pre-made video guidance in open enrollment.
Give Employees Smart Tools
Smart debit card technology automatically separates qualified account expenditures at checkout for a timesaving, paperless user experience.
Be Confident About Compliance
Simplify your compliance requirements-from federal and state regulations to COBRA, ACA and HIPAA.
Minimize Redundant Data Entry
Reduce errors and manual work by managing TPA in the same place as Benefits Administration. Reduced discrepancies have a direct impact on time and cost savings.
“Open enrollment was fantastic. It saved me a lot of time, headaches, and even an ulcer. It was a super simple process."
“We have HRA, dependent care, and flexible spending accounts with Paylocity, and it’s been a great process for us. We had separate software in the past, so it has been a huge time-saver for our employees and HR team."
“We have found that switching our flexible spending account to Paylocity has been a very positive move. Administration has been much easier."
Checklist: 9 Steps to a Successful Open Enrollment
Success during this important season each year depends on more than what medical and dental benefits you’re offering. Learn more with our checklist.
Flexible employee benefits are a type of employee benefit plan that allows employees to customize their benefits package to suit their individual needs and preferences. With flexible benefits, employees are given a set amount of money to spend on benefits, and they can choose from a range of options to create a personalized benefits package.
Advantages of flexible employee benefits include:
Increased job satisfaction
Cost-effective for employers
Attract and retain top talent
Improved health and well-being
Increased employee engagement
Flexible benefits can be a powerful motivator for employees in several ways:
Personalization: By allowing employees to customize their benefits package to suit their individual needs, they feel valued and appreciated by their employer.
Increased control: Employees who have control over their benefits package are more likely to feel empowered and motivated. By offering a range of options, employees can choose benefits that are relevant to their current life circumstances, such as parental leave or additional medical coverage for a chronic condition.
Improved work-life balance: By providing benefits that address work-life balance issues, such as flexible work arrangements or access to childcare, employers can motivate employees to work more efficiently and effectively.
Health and wellness: Offering benefits that support employee health and wellness, such as gym memberships or mental health counseling, can motivate employees to prioritize their health and well-being.
Retention: Flexible benefits can be a powerful motivator in helping to retain When employees feel that their employer is invested in their well-being and provides benefits that suit their individual needs, they are more likely to stay with the company long-term.
Paylocity can administer the following flexible benefits:
