HR Open Standards Consortium Announces 4.1 HR-JSON Benefits and Compensation Standards.
September 18, 2017
The HR Open Standards Consortium announces the candidate release of the 4.1 data exchange specifications. This release includes a JSON Benefits specification and JSON Compensation specification.
Over 70% of employers offer voluntary benefits such as disability, life, illness, and accident insurance, according to a report from Eastbridge Consulting Group, Inc. Employees may purchase these benefits to provide additional coverage; some employers offer the voluntary benefits at a discount.
The Benefits specification was developed by a team of HR Open participants including ADP®, Benefit Focus, Betafits, Insperity, PEC, SAP, SS&C, Sun Life Financial, The Standard, The Hartford, Unum, and Voya Financial. The schemas facilitate efficient and secure data communication between systems involved in the management of benefits programs, including employers, government agencies, benefits administration systems, core HR systems, and benefits provider systems.
The scope of the Benefits candidate release included both the enrollment and census schema. Enrollment is the process of an employee or member electing to take up insurance coverage under the terms of a group plan. Census refers to indicative data about employees, their dependents and their employment relationship.
Phase two of the benefits specification will focus on the medical benefits. This project will start late 2017.
Organizations are concerned about providing robust and competitive total rewards packages to employees. Whether filling open vacancies with prospective employees, promoting existing employees into new roles, workforce planning for the future, or ensuring that current employees are paid competitively; these organizations look to compensation market surveys to provide a statistical sample of the market.
The Compensation specification was developed by participants from ADP, Culpepper & Associates, Marketpay, Oracle, Payscale, Salary.com, Towers Watson, and Western Management Group.
The Compensation specification includes the Salary Survey Submission schema, which contains data that a client…