Product innovation meets emerging needs for employers and employees grappling with changes in health care benefits and consumption
Charleston, S.C. – January 19, 2017 — Benefitfocus, Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits management software, today announced the BENEFITFOCUS® Marketplace won a coveted Brandon Hall Group silver award for excellence in the Best Advance in Compensation and Benefits category. The company’s strong culture of innovation continues to advance its popular enterprise benefits management platform. Today, more than 825 large employer customers use the BENEFITFOCUS® Marketplace along with the platform’s integrated portfolio of products and services to help reign in health care costs and engage their workforces.
“As employees take on more responsibility for choosing and paying for an increasingly complex array of health care benefits, we’re dedicated to making it easier for them to select what’s most effective for their health and financial needs,” said Benefitfocus CEO Shawn Jenkins. “We’re honored to be recognized by Brandon Hall for our commitment to advancing technology to improve lives through technology.”
A panel of veteran, independent senior industry experts, and Brandon Hall Group senior analysts and executives evaluated the entries based upon the following criteria:
- Product: What was the product’s breakthrough innovation?
- Unique differentiators: What makes the product unique and how does it differ from any competing products?
- Value proposition: What problem does the product solve and/or what need does this product address?
- Measurable results: What are the benefits customers can expect to experience as a result of using this product?
“We congratulate our Technology Award winners, and also thank them for leading the way in designing and utilizing technologies that empower organizations to enhance – and in some cases transform – their organizations,” said Rachel Cooke, Chief Operating Officer of Brandon Hall Group and head of the awards program. “Our research shows that Human Capital Management technology is a primary driver of innovation, and our award-winning organizations serve as models of success.”
“Another significant finding of our research is the importance of optimizing the employee experience as a driver of engagement and retention,” said Brandon Hall Group CEO Mike Cooke. “The technology user experience plays an increasingly large role in shaping the employee experience, and these award winners are creating leading practices that deserve validation and recognition.”
The BENEFITFOCUS® Marketplace was also named a winner in two separate categories – health care and enterprise software – in Best in Biz Awards, the only independent business awards program judged by members of the press and industry analysts. Winners of Best in Biz Awards 2016 were determined based on scoring from an independent panel of 50 judges from widely known newspapers, business, consumer and technology publications, TV outlets, and analyst firms.
To learn more about HRchitect and how we can help your organization and your Human Capital Management (HCM) technology needs, please request a consultation. As the leader in HCM Systems strategic consulting, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation and selection, change management, implementation, project management and ongoing support of HCM systems of all types including Talent Acquisition, Talent Management, Learning Management, Workforce Management, Benefits, Core HR/Payroll, and more. Over the past two decades, working on thousands of successful engagements for clients of all sizes and industries across the globe, our knowledge of best practices continues to expand and our experience is vast and unsurpassed. We have expertise around all major HCM systems including Benefitfocus, WorkForce Software, Ultimate Software, Oracle, Taleo, SAP, SuccessFactors, Saba, IBM Kenexa, and more. HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.
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