Within Agora, you are able to create both Benefits and Benefits Packages to tell candidates and employees the full story (and quantify!) of what is included in their total compensation package.
The Benefits feature allows you to include the estimated value of each benefit which is then rolled up to the top of the candidate's offer letter or employee's portal. You can both customize the standard Agora benefits to your organization and create your own.
Within Benefits you are able to:
Add a general benefit description
Or, add separate benefit descriptions for candidates (Offer Letters) and employees (Employee Portals). This allows you to create one benefit package but provide different context depending on if the individual is a current or prospective employee.
Embed links within your benefit descriptions
Include additional benefit documentation as downloadable attachments
Add benefit values and dependent coverage information
To create a benefit, follow these steps:
In the Benefits section of the page, click New Benefit
Include a Category, Name, and Descriptions
If the Benefit is eligible for dependent coverage add Dependent Options or Annualized Value and the Dependent Coverage. (Explained below.)
If this Benefit is included in multiple Benefits Packages, you may also add that here.
There is an option to upload document attachments
Providing Dependent Coverage Amounts
You are able to communicate dependent coverage information for benefits in in two ways:
Option 1: Add set Dependent Options - this allows you to create and customize the names and amounts of dependent options based on the plans offered by your company. Based on the option selected, the value of the candidate's benefits package will change. To create an option, you will enter:
Option Name - which is visible to the candidate
Description - additional information visible to the candidate
Company Contribution - this is the estimated plan value
Creating a plan with dependent options:
Candidate facing view of dependent options:
Option 2: For plans where dependent coverage is not offered or where the value of the benefit scales linearly based on number of dependents, you may enter the plan value and coverage percentages. To create a benefit with a % coverage option:
Enter the Total Cost of Plan
Add the employee coverage %. If 100%, the estimated employee value will be the same as the Total Cost of Plan. Otherwise the value entered in will be multiplied by the coverage percentage.
Add dependent coverage %. If no coverage is offered, enter 0.
Within the Benefits section of the Offer Letter, the candidate can model the value of their benefits with the addition of benefits and see how the value will incrementally increase
To edit a benefit, follow these steps:
In the Benefits section of the page, click into the Benefit you would like to edit.
Make any changes and click Save
To delete a benefit, follow these steps:
In the Benefits section of the page, click into the Benefit you would like to delete.
Click delete and the benefit will be permanently removed.
More about Benefits & Benefits packages
Check out the Benefits & Benefit Packages - Overview article or these other helpful articles:
Learn about Benefit Types & Categories
Learn about Creating, Editing, and Deleting Benefit Packages
Learn about Creating Benefit Option Groups