Dynamics 365 changes the entire game in HR

The war on recruitment of good talent counties between companies. Bigger benefits and bigger paychecks to attract and retain their best employees is a time-consuming task. Dynamics 365 has features that make the process easier.

Here’s an overview of the upcoming benefits capabilities.

Enhanced plan configuration

Benefit plans often have different costs depending on the characteristics of the policyholder.  For example, life insurance rates can vary based on gender and age. With our benefits capabilities, complex rate tables can be set up to capture differences in rates for age, salary, gender, full-time equivalent designation, job type, compensation region, and compensation level. Benefits can be bundled together to ensure that employees select the correct prerequisite plans before selecting dependent plans, enabling a seamless self-serve experience. These enhancements will allow HR professionals to offer a richer set of plans to employees.

Plans can be configurable to enable auto-enrollment based on the previous year enrollments. Also, life event processing is supported and integrated into employee self-service. Life events, as listed in IRS section 125 are supported, as well as other events such as the ability to age out of benefits, loss of spousal coverage, or even employee address changes. Administrators can choose which life events to process and how to process them by plan type, so they can administer benefits based on their unique company and regulatory policies. Lastly, employees can self- serve via an open enrollment shopping cart experience.

The benefits capabilities will provide the flexibility needed to set up multiple types of eligibility rules and coverage options. Benefit managers can easily create flexible and robust eligibility rules that ensure the right benefits are available for the right employees in an easy to use experience. Custom fields can also be used within the eligibility process to ensure that a company’s unique eligibility rules set can be met.

Plans can be configurable to enable auto-enrollment based on the previous year enrollments. Also, life event processing is supported and integrated into employee self-service. Life events, as listed in IRS section 125 are supported, as well as other events such as the ability to age out of benefits, loss of spousal coverage, or even employee address changes. Administrators can choose which life events to process and how to process them by plan type, so they can administer benefits based on their unique company and regulatory policies. Lastly, employees can self- serve via an open enrollment shopping cart experience.

Extensive eligibility setup

The benefits capabilities will provide the flexibility needed to set up multiple types of eligibility rules and coverage options. Benefit managers can easily create flexible and robust eligibility rules that ensure the right benefits are available for the right employees in an easy to use experience. Custom fields can also be used within the eligibility process to ensure that a company’s unique eligibility rules set can be met.

Flex credit programs

Companies often want to showcase the cost of benefits to employees as well as give the employees control over the way they spend their benefit dollars to help them align with their unique needs. With the enhanced benefits capabilities, flex credit programs can be established to support the scenarios above. Also, flex credits can be prorated to support retirement and other life event changes.

Global iTS is leading Microsoft Dynamics365 implementation and consulting company with offices in Bahrain, Saudi Arabia KSA, United Arab Emirates UAE, and Muscat in Oman