Additionally, in this era of benefits cost-sharing, communicating a company’s benefits investment can lead to less resistance by employees towards any current or future cost sharing arrangements.
ROCKLIN, CA (PRWEB) January 4, 2007
In most cases, it’s not the richness of a benefits program that retains top-performing employees ... it’s how well the value of that package is communicated.
This philosophy is behind the introduction of TotalCompBuilder.com, the first web-based, on-demand total compensation statement software for employers. The first-of-its-kind software produces full color, high impact total compensation statements in print and online formats. Using an online wizard, Microsoft Excel template and Word-like editor, employers can easily produce both print and online total compensation statements for each employee. All employers need to get started is an Internet connection and web browser -- no software is needed for installation, or complicated updates to download.
According to the Bureau of Labor Statistics, benefit costs average 30 percent of an employee’s total compensation package; however, a recent Yahoo! Hot Jobs survey found that 36 percent of the workers surveyed planned to leave their current employer for one with better benefits. In that same survey, 51 percent of employees who planned to stay cited a good benefits package as the reason.
“With replacement and training costs as high as one to two times an individual’s salary, it’s no longer a luxury to show employees the full value of their benefits program – it’s now a necessity,” said Ray O’Donnell, President of TotalRewards Software, Inc., which produces TotalCompBuilder.com.
The TotalCompBuilder family includes a variety of editions to serve companies of all sizes, including a Free Edition, the Agency Edition, designed for insurance brokers, consultants and third party administrators, and two premium editions -- Professional and Enterprise. The full-featured premium editions start at $50 per month per client.
“Promoting the value of total compensation results in improved employee morale, increased employee productivity and the retention of top employee talent,” adds O’Donnell. “Additionally, in this era of benefits cost-sharing, communicating a company’s benefits investment can lead to less resistance by employees towards any current or future cost sharing arrangements.”
TotalCompBuilder.com is a service operated by TotalRewards Software, Inc., (formerly BCG Interactive, Inc.) a private company founded in 1991 by business and technology professionals. Its mission is to deliver high quality, cost-effective, total compensation statement software solutions to companies of all sizes in North America.
Ray O’Donnell, Total Rewards Software
(916) 632-1000, x202
This press release was distributed through eMediaWire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.