Ceridian Introduces Benefits Intelligence to Drive Smarter Benefits Decisions for Employers and Employees
October 27 2020 - 7:00AM
Ceridian (NYSE: CDAY; TSX: CDAY), a global human capital management
(HCM) technology company, today announced it is extending its
innovation leadership with the launch of Dayforce Benefits
Intelligence. With this powerful new solution, HR leaders can
create competitive and cost-effective benefit packages, and
employees can enroll in their best-fit plan through informed
decisions.
Spend on benefits is the second largest employee cost to
organizations after payroll1, and new research shows that large
U.S. companies estimate their total cost of health care will rise
to an average of $15,500 per employee in 20212. With Benefits
Intelligence, employers can leverage predictive tools to better
understand plan adoption and optimize the costs of benefits to both
the employee and organization. Employees can also access decision
support tools to make the right benefits selections as their needs
and lifestyles change.
“We designed Dayforce Benefits Intelligence to maximize value
for both the employer and employee by transforming transactional
data into powerful insights. It takes the guesswork out of benefits
decisions while providing an intuitive, digital experience people
will love to use,” said Joe Korngiebel, EVP, Chief Product and
Technology Officer, Ceridian.
Dayforce Benefits Intelligence is now available to U.S.
employers as part of the latest Dayforce release. Employers can
better forecast enrollment, measure plan utilization, and manage
costs through analytics and predictive modeling. And employees are
empowered to choose the best coverage for their needs through a
variety of personalized plan offerings.
For more information, please visit
Ceridian.com/ca/products/dayforce/release/59.
About Ceridian
Ceridian. Makes Work Life Better™.
Ceridian is a global human capital management software company.
Dayforce, our flagship cloud HCM platform, provides human
resources, payroll, benefits, workforce management, and talent
management functionality. Our platform is used to optimize
management of the entire employee lifecycle, including attracting,
engaging, paying, deploying, and developing people. Ceridian has
solutions for organizations of all sizes.
Visit Ceridian.com or follow us @Ceridian.
Media Contact:Fahd
PashaFahd.Pasha@Ceridian.com647.417.2136
1 U.S. Bureau of Labor Statistics2 HealthLeaders (2020), Large
U.S. Employers Expect a 5% Increase in Health Benefit Costs in
2021
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