Factors shaping the benefits administration industry this fall

With more than a billion dollars invested in the HR tech industry last year, adoption continues to rise for both brokers and employers. Business leaders increasingly want to take benefits and HR administration online and, as a result, many benefits and HR platforms are in a period of growth.

A number of factors are affecting that growth and the future of the benefits administration industry. As benefits administration providers vie for market share and brokers continue to make the move online to meet employer demand, these trends will continue to affect the benefits industry throughout the rest of the year and into 2019.

Here are a few of the factors shaping the benefits administration industry this fall.