What is the primary purpose of the Benefits Setup in Workday?

The primary purpose of the Benefits Setup in Workday is to configure and manage all aspects of employee benefits. This comprehensive approach involves everything related to the selection, administration, and tracking of benefits offered to employees. It allows organizations to tailor their benefits packages to meet the needs of their workforce, ensuring that they remain competitive in attracting and retaining talent.

This includes setting up various benefit plans, defining eligibility rules, managing enrollments, and integrating with other HR functions. The Benefits Setup not only ensures compliance with legal and regulatory requirements but also provides tools for employees to understand and select their benefits, enhancing overall satisfaction and engagement.

While auditing performance, creating marketing materials, and managing payroll deductions are important aspects of benefits administration, they are secondary functions that fall under the broader scope of overall benefits management. The focus of the Benefits Setup is fundamentally about managing the comprehensive framework of benefits available to employees.