What does the term “Elections Period” refer to in Workday Benefits?

The term “Elections Period” in Workday Benefits specifically refers to the timeframe during which employees are allowed to make changes to their benefit selections. This is a critical period for employees to assess their benefits and decide on their coverage for the upcoming year or to make changes due to life events, such as marriage, the birth of a child, or other qualifying events.

During this period, employees can enroll in new benefits, change existing selections, or opt-out of certain benefits completely. It is essential for employers to communicate this period effectively to ensure that employees understand their options and the importance of making informed decisions regarding their benefits during this designated time.

In contrast, the other choices relate to different aspects of benefits management; submitting benefit claims usually occurs after the elections period when employees wish to access their selected benefits, while auditing and providing benefits information involve compliance and administrative tasks that take place outside of the employee's active selection period.