Buck is launching a three-part digital human resources product that aims to help employers create a consolidated experience for their plan members, drive behavioural change and raise employee satisfaction while creating a healthier employee population and increased productivity.
“A more personalized employee experience combined with advanced analytics and decisioning tools are critical to the success of any new technology implementation,” said Scot Marcotte, chief technology officer at Buck, in a press release. “To attract and retain top talent, employers must quickly re-think and re-imagine the employee experience with new tools that harness data to deliver increasingly positive outcomes.”
Read: Majority of staff value personalization in group benefits plans
The solution includes three different service offerings:
- bEngaged, which uses artificial intelligence and integrated analytics, provides a single interface that gathers data from multiple systems so the user can understand their options and make informed decisions around their physical, financial and professional well-being.
- bEnabled provides tools for employees to make decisions about their benefits and rewards programs along with the capability to take immediate action. It includes health and welfare administration, defined benefit pension plan administration, share scheme or defined contribution plan administration, decision support tools and modellers.
- bEquipped offers employers an aggregated view of their people analytics, covering financial, workforce, health care, diversity and engagement data.
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“We offer a comprehensive, competitive rewards program and need to assure it’s intuitive and engaging to our employees,” said Eduardo Nasi, senior director of total rewards North America at Teva Pharmaceuticals, in the release. “Buck’s technology allows us to create a seamless, consolidated experience — backed by analytics — to help our employees value their total rewards package and achieve their individual health, financial and professional goals.”