How does Infor Global HR facilitate employee benefits cost analysis?

Infor Global HR facilitates employee benefits cost analysis primarily through its reporting tools that help organizations evaluate benefit programs. These reporting tools provide valuable insights into the costs associated with each benefit, allowing HR professionals to analyze trends, assess utilization rates, and understand the overall financial impact of employee benefits. This analytical capability enables organizations to make informed decisions about which benefits to offer, how to manage costs, and how to optimize their benefits strategy to align with both employee needs and organizational goals. The ability to generate detailed reports and analytics is crucial for strategic planning and ensuring that benefit offerings remain competitive and effective.

The other options do not directly contribute to employee benefits cost analysis. For example, real-time payroll processing primarily addresses payroll functions rather than directly analyzing benefit costs. Outsourcing benefit administration may streamline processes, but it doesn’t inherently provide analytical insights into costs. Limiting employee access to benefits data can hinder transparency and does not assist in understanding the cost implications of employee benefits. Hence, the role of reporting tools in evaluating benefit programs is key to conducting a thorough cost analysis.