Employee Benefits
Detailed Features, Benefits And Cost To Develop An Employee Benefits Software Like Rippling
Companies, be it any vertical, work day and night to offer optimum solutions to their customers, run their business smoothly as well as manage their employees. In order to manage all, robust enterprise-grade software is necessary. Rippling is one such software that brings together your Payroll, benefits, HR, IT, and more in one place seamlessly.
Rippling is a modern employee benefits administration
platform that is integrated with advanced tools and technology. A competitive
and feature-rich benefits
administration software, can automate the manual and mundane administrative
tasks to help employees focus more on crucial and decisive operations.
Rippling was crafted for small and medium organizations to
help them bring their employees’ system and data together, monitor them and
guide them for better performance. Some more prominent benefits of Rippling are
aligned below to understand how Rippling strengthens a company and assists in
continuous scalability, but before that let’s highlight its features that makes
the software so popular.
Features To Employ In a Benefits Administration Software Like Rippling
1. Full-Service Payroll
The instant and reliable payroll allow quick synchronization
of HR data with payroll. This feature deters manual data entry to automatic
hours and deductions calculations in seconds.
2. Powerful Reporting Tools
The software also lets you create and share reports or use
pre-built reports to make faster & better decisions and well-informed
plans.
3. Time-tracking
Easily track the time your teams spent on productive work
and set pay rates depending on their tasks, location all automatically.
4. Quick Synchronization
This enterprise
grade software automatically keeps your general ledger and payroll updated
by syncing it with extensive applications ranging from accounting software to
time tracking tools.
5. Customizable PTO Policy
In order to have software like Rippling, you must have a
customizable PTO policy feature that further allows reviewing and approving
employees' time off and working hours requests automatically while
automatically syncing them with payroll.
6. Benefits
Companies looking for benefits administration service can
rely on Rippling to deliver all employee benefits while streamlining the
benefits with new hire enrollment, updated deductions, and COBRA compliances as
well automatically.
Also Read: Open
Enrollment: How to Make it Simple with Technology
7. New Packages
Rippling can accommodate more than 4000 plans for the
employees to choose from as per convenience. Then the best part is that this
software accommodates the leading carriers, such as Aetna, Humana, and
Blue Cross Blue Shield. Users can choose new coverage with the help of a broker
by giving them access to Rippling.
8. Existing Plans
Whether new or relocated, employees can easily access or
enroll their existing plans without the need for any changes or updates in the
information. Rippling quickly accepts the migrated data regarding coverages
without spending much time.
9. Open Enrollment
Another benefit of creating employee
benefits management software like Rippling is that companies get to finish
their open enrollment in a few days instead of weeks and months. This feature
makes enrollment extremely easy for both employers and employees by allowing
quick comparison between the costs of the new plans, emailing employees to
review and enroll online, and tracking everyone's progress through a single
screen.
10. Labor Law Compliance
Rippling is as robust as any other benefits administration
software that handles compliances with laws and regulations seamlessly. The
software can automatically keep track of all level policies whether it is
federal, state, or local. Rippling can also manage the ACA and COBRA
compliances and notify for any related errors to keep compliance aligned with
the labor law.
11. Apps
Rippling offers a single window to set up and manage
comprehensive operations of all employee apps, such as Slack, Office 365, or
Google Work Space.
12. Quick Onboarding
Rippling is an employee-centric software that can seamlessly
add new employees based on their role and department. The software allows the
easy addition of new users to different social channels, provides access to
Dropbox, and creates new user accounts.
13. Seamless Offboarding
Rippling not just assists in quick hiring and onboarding but
also quick and seamless offboarding. The software empowers you to disable or
revoke access to all applications of the offboard employees.
14. Password Management
Rippling comprises a built-in password manager that helps
employees to generate strong passwords, store them, auto-fill password options,
secure sharing of login credentials, and 2FA codes for any app or
website.
15. Activity Stream
Rippling's activity stream is a feature that enables company admins or managers to view their employee's or team members' app activity in real-time. Employers can grant access to apps that employees can log, specific event types, and actions.
16. Devices
Not just apps, manage employees' devices end-to-end
remotely. This modern
employee management software allows companies to manage employees' devices,
such as order or redesign new devices, configure devices with the right apps,
and manage the entire fleet right from the Rippling dashboard.
17. Device Onboarding
Buy or reassign, set up, or ship the devices with the right
Wifi, VPN, apps, and security protocol integrated. Setting all these will help
employees start with their work right away.
18. Device Offboarding
Keeping track of every member's onboarding and offboarding
becomes difficult. Rippling can help ease device offboarding as soon as an
employee leaves. Rippling allows employers to set time to disable the device,
remotely wipe data, and decide how and when to get the device back.
19. Inventory Management
Rippling helps companies to safely keep all unassigned
devices in their warehouse so that they can decide when and where the devices
have to be boarded. Companies can keep track and assess log conditions and
remotely control the fleet from the dashboard.
Also Read: Inventory
Management Software Development: Cost, Features, Benefits and More
20. Endpoint Security
Rippling can secure the device's end-to-end by encrypting
hard drives, enabling multi-factor authentication, enforcing security updates,
locking & wiping lost or stolen devices as well as identifying block
viruses to eradicate them.
21. Full Visibility
Rippling dashboard offers you complete visibility into
everything that you want to track everything or continuously monitor with just
a glance.
22. Remote App Administration
Rippling helps companies remotely manage or integrate any
software on an employee's device, regardless of the role, location and
department, within a few clicks.
23. Remote Device Management
Rippling automatically installs lightweight apps in the
employees' devices, allowing admins to make changes in the devices whenever or
wherever they want.
24. Custom Profiles
Rippling allows quick and easy customization of multiple
devices remotely. Rippling empowers users picking advanced IT professional services
on different locations with different Wi-Fi settings to configure more than one
device, install custom software packages, and execute shell scripts remotely.
25. Talent Management
Rippling is perfect online management that gives companies
the leverage to develop, find and engage top talent for business.
26. Applicant Tracking System
Rippling simplifies the entire hiring process through
frictionless tracking and powerful sourcing. The applicant tracking helps in
quickly building up candidates pipeline with the best talent, customizing
interview stages, creating approval flows & alerts for open roles,
automating calendars & scheduling each interview stage, finally measuring
the time-to-fill pipeline or candidate feedback.
27. Learning Management
Employee education is crucial to accentuate and empower
businesses. Rippling does not require a custom LMS development
instead, it can reinforce employees with compliance & other training.
Rippling supports career growth, keeping the workforce competitive &
enhancing employee retention. Rippling also lets companies upload courses and
give every team the right skill to reach performance goals.
28. Employee Engagement Program
Rippling also assists in centralizing all resources,
communicating company information, and staying updated with the events, such as
birthdays, work anniversaries, new hires, and much more.
29. Time & Attendance
The auto-pilot feature enables you to sit back and simply
watch employees as they clock in hours. No more late approvals from the
supervisors or late paychecks, or syncing issues. Allow your employees to clock
in and out in seconds, get approved hours synced with payroll without the need
for CSV templates or spreadsheets.
30. Fully Configurable Software
Rippling is an absolute solution to let you seamlessly
manage your time by creating automated workflows so that you can customize the
systems to your needs. The software keeps track of everyone's time for you, so
you do not have to monitor every time.
31. Job Reporting & Costing
Rippling monitors the workforce and the time they log in
real-time. Rippling also assists companies in creating powerful, customized
reports to visual trends, group labor costs as per their profiles, location,
and role.
32. Automated Compliance
Rippling comprises built-in compliance that keeps companies
rest assured and stressed from compliance issues. Rippling supports federal,
state, and local labor laws. Rippling also automatically enforces meal-break,
overtime for each employee depending on their locations.
Also Read: How
to Implement a Governance, Risk & Compliance Strategy in Your Business?
33. Time Clock
The rippling time clock feature comes with an attendance
enforcement feature with geolocation restrictions, QR codes, and selfie
clock-ins that prevents buddy punching & ensure everyone's presence as per
the company's clocking.
34. PEO
A modern enterprise-grade full stack development
is requisite for high-growth companies. Rippling is a one-stop solution to
easily manage HR & IT, offer better health coverage, worry-free compliance,
and transparent pricing.
35. Employer Organization
Rippling PEO offers big benefits, such as large group health
plans, 401(k) retirement plans, HSA, FSA, and commuter flex benefits, all
cost-effectively.
36. Healthcare Concierge
This benefits feature helps employees with every need
ranging from basic benefits questions to complex billing issues right away.
This healthcare guidance feature educates employees with benefits enrollment
and health plan, symptom assessment and guidance towards appropriate type/site
of care, dictate upfront healthcare costs & appointment scheduling while
helping in understanding disputed medical bills.
Also Read: Virtual
Healthcare - What Does the Future Hold for the Healthcare Industry?
Four Prominent Uses of Rippling
1. Automatic Tax Filing
Rippling is a brilliant employee benefit administration and
management software integrated with latest technologies allowing automatic
calculation of payroll taxes and sending the files to local, federal, and state
level agencies without any IT
consultation services.
2. Tracking PTO and Hourly Work
Companies using Rippling or a customized solution like
Rippling can customize their PTO policy, review and approve employees’ time-off
requests and sync with payroll. Rippling can sync all these details without the
need for human intervention and deliver a final report.
3. Automatic Compliance
Rippling takes care of all the compliance work, ensuring
that companies always streamline with the laws and standards set by the
government for continuous business flow.
4. Global Paycheck
This SaaS software development solution helps companies to
connect with their employees, partners, and contractors and pay them in minutes
despite their location.
In order to have a complete advantage of similar software
solutions, connect with an enterprise
software development provider to pen down costs & features required to
develop a software like Rippling.
Below we have mentioned the estimated cost for customized
solution and a white-labeled solution implementation.
Cost for Developing A Software Like Rippling
In order to have a white-labeled solution, Rippling offers a
fair price to its user. Its initial price starts at $8 a month per user.
However, it isn't it, you will have to bear some additional costs, such as
aligning a dedicated
software development team to help with integrations, maintenance, bug
fixing, quality check, and analysis.
However, the second option is to get a complete custom
solution - beginning from scratch, building every feature as per the company
needs, getting qa testing
services to test every feature functionality, deployment of the product to
marketing.
A robust and feature-rich solution such as Rippling may cost up to $190,000. The below table is the segregation of the cost.
Additional Costs
When selecting a vendor for product
engineering services, they may provide cost for development excluding a few
components, such as -
- Modules or features
- Implementation services may vary from vendor to vendor
- Training (basic may be free or chargeable)
- Support (Advanced level support, such as alignment of a
dedicated analyst or service manager for continuous software monitoring &
more)
- A few vendors offer consulting services whose charges are
excluded from the entire development cost.
In a Nutshell
Rippling enables onboarding new hires takes approx. 90
seconds, allowing quick integration with over 500 apps, and saving over 50
hours per month on administrative tasks.
Rippling can be purchased as a white-labeled solution to
access all its features ranging from payroll, devices, PEO, talent management
& more. However, the product demands monthly or per user pay and no free
plan for the users.
A customized solution surely has many advantages, whether it is employee management, training & education software, or eCommerce software solutions. Investing in a personalized solution offers quick ROI as it is flexible and aligns with changing needs of the company and market. It is also much more secure, offering scalability and high performance of business processes. If you are looking for similar product development, you can always connect or inbox A3logics.
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