Create Benefit Plans

Objective

Benefit Plans are groups of defined benefits to assist HR Managers in categorizing benefits for employees and for ease of reference for HR Managers.  This page will guide you through the setup  of Benefit Plans within the Benefit Management Area. 

Process

HR Manager
Determines the Benefit Plan requirement for the company
HR Manager
Creates Benefit Plan

Prerequisites

Click Through

  • Start in HR HUB
  • Switch from HR HUB to Benefit Management in the lower left corner
  • Select Benefit Plans
  • Click on + New
  • Name the Benefit Plan
  • Assign the relevant Benefit Plan Type
  • Enter a Benefit Plan Description
  • Assign an Effective date
  • If applicable, assign an expiration date
  • Save
  • Choose the Country/Region(s) that apply to the Benefit Plan
  • Benefits that apply to the created Benefit Plan and have already been created can be assigned from within this form
  • Save

Hint

  • The Benefit Plan is the group of Benefits that relate to the same topic within the Benefit Plan Types, such as a 401k Retirement Plan, Individual Retirement Account (IRA) Retirement Plan, or an Employee Stock Option.

Result

You have now created a Benefit Plan which can be used to roll out applicable Benefits to employees. 
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HR