CHARLESTON, S.C., May 20, 2020 /PRNewswire/ -- Benefitfocus,
Inc. (NASDAQ: BNFT), a technology platform provider enabling
rapid innovation for employers, health plans and consumers, today
announces "Colleague Transition Services" as a new core competency
in its Benefitplace™ total employer solution. This latest offering
enhances the company's total solution approach, which helps
employers eliminate manual tasks and automate end-to-end benefits
administration, from onboarding and administration to offboarding
and rehiring.
With the growing scale of company layoffs, in some instances
affecting tens of thousands of workers at a single company,
managing the offboarding process with empathy and maintaining
relationships with former employees is critical. This is especially
true when the economy improves and companies' focus shifts to
rehiring workers impacted by layoffs. This latest offering by
Benefitfocus provides employers with new capabilities to help
displaced workers connect to vetted, hot job leads, career support
and additional employment resources.
A key component of these transition services is a digital
"Colleague for Life" community – an interactive online portal where
employers create customized outreach programs to communicate with
and support displaced workers. Employers can activate the Colleague
for Life portal to preserve a network of talent for contract work
or rehiring as business conditions improve. For former employees,
they can take advantage of job placement services, job referrals
and other career support tools and resources.
"We believe that many employers are purposefully planning for a
comeback and they want to maintain a meaningful connection with
their former employees. They want to help them through their
current career transition and rehire them, if possible, when
conditions change," said Benefitfocus president and CEO
Ray August. "As part of our ongoing
mission to connect people to the benefits that improve their lives,
we've created Colleague Transition Services to help employers
provide timely and empathetic support to their valued colleagues in
their moment of greatest need."
Colleague for Life community
The Colleague for
Life community is designed to curate a variety of content for
employers to communicate with and support employees during their
time of transition. Examples include:
- Personalized content from the employer, helping keep former
employees engaged and aware of company programs and events
- Job search resources, career advocacy information, third-party
career and outplacement services
- Trainings and FAQs designed to support employment
transition
- Information about benefits and services available through
benefitplace.com that are designed to align to the specific needs
of displaced workers and families during a career transition.
As part of the Benefitplace total employer solution, the
Colleague for Life community is now available to the market.
Existing employer customers of Benefitfocus are able to take
advantage of it immediately, at no extra cost.
Access for former employees
Former employees can
easily access the Colleague for Life community directly through a
link provided by their former employer, or via an existing
benefitplace.com account. This secure channel will be available to
them for as long as needed.
Once logged in to the community, former employees can stay in
touch with their former employer and gain support during their time
of transition, with counseling, training and job opportunities from
their former employer or through third parties. They can also shop
for benefits and services via benefitplace.com.
Thanks to the resources provided by their former employers in
the portal and those built in to benefitplace.com, transitioning
employees can receive important information to aid their benefit
decisions, in a similar fashion to the way they were previously
informed of their employer-sponsored benefits.
Connect with Benefitfocus
Employer customers can
contact their account executive for more information about
Colleague Transition Services and the Colleague for Life
community.
To learn more about Benefitplace.com, click here.
Like Benefitfocus on
Facebook: https://www.facebook.com/Benefitfocus
Follow @benefitfocus on Twitter
Follow Benefitfocus on LinkedIn
Follow Benefitfocus on Instagram
About Benefitfocus
Benefitfocus (NASDAQ: BNFT) unifies
the entire U.S. benefits industry on a single technology platform
to protect consumers for life. Our powerful cloud-based software,
data-driven insights and thoughtfully designed services enable
employers, insurance brokers, health plans and
suppliers to simplify the complexity of benefits
administration and deliver health, wealth, property and lifestyle
products through a world-class benefits experience. Learn more
at www.benefitfocus.com, LinkedIn and Twitter.
Certain products available on the BENEFITFOCUS BENEFITPLACE™
platform may be regulated through various state agencies as
insurance products. Regulated insurance products are offered
through brokers affiliated with BenefitStore, Inc. (doing business
as 627 Benefits Insurance Agency in California and 627 Insurance Broker Agency in
New York), a licensed insurance
agency and wholly owned subsidiary of Benefitfocus, or through
your, your association's, or your employer's appointed broker as
applicable.
Except for historical information, all of the statements,
expectations, and assumptions contained in this press release are
forward-looking statements. Actual results or performance might
differ materially from those explicit or implicit in the
forward-looking statements. Important factors that could cause
actual results to differ materially include: the
need to innovate and provide useful products and services; privacy;
security and other risks associated with our business; risks
related to changing healthcare and other applicable regulations;
the immature and volatile nature of the market for our products and
services; our ability to compete effectively; our ability to
maintain our culture and recruit and retain qualified
personnel; management of growth; and the
other risk factors set forth from time to time in our SEC filings,
copies of which are available free of charge within the Investor
Relations section of the Benefitfocus website
at http://investor.benefitfocus.com/sec-filings or
upon request from our investor relations department. Benefitfocus
assumes no obligation and does not intend to update these
forward-looking statements, except as required by
law.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/benefitfocus-platform-manages-workforce-transition-from-first-hire-to-re-hire-301062949.html
SOURCE Benefitfocus, Inc.