Digital Transformation

Using Data to Help Employees with Decision-Making Regarding Their Benefits

Companies today usually offer benefit options, like different healthcare or retirement plans. Using data to help employees make the most advantageous decisions benefits the employees and the organization.
— By Joshua Ferdinand

Most benefits plans today include a complex set of options, like flexible spending accounts and different types of retirement plans. Adding complexity are the various tax advantages of different options, the impact of the employee’s health conditions and lifestyle, demographic information, family status, and much more.

Employees need help and many are not getting it, only to discover in the future they made less than optim....