Free Software Helps Employers Offset Pay Freezes By Communicating Employees’ Total Compensation Package

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No-cost software shows employees “hidden paycheck” found in their total compensation package

For 2009, most employers are expecting no salary increases or bonus payouts. Yet the value of their benefits program still represents nearly 30% of their employees’ total compensation

In an era where employees value their benefits as highly as their paycheck, communicating those benefits can be crucial to retaining top talent – especially in these uncertain economic times.

This reality is behind FreeTotalCompStatements.com, the only software in the marketplace today that produces professional, total compensation statements quickly, easily and at no cost. Total Rewards Software, Inc., providers of this free service recently registered the 1,000th employer to use this free, on-demand total compensation statement software.

The free statement service empowers employers to produce personalized, total compensation reports for each employee 24 hours a day, seven days a week, and from any location. Employers only need an Internet connection and web browser to get started – there is no software to install.

"For 2009, most employers are expecting no salary increases or bonus payouts. Yet the value of their benefits program still represents nearly 30% of their employees’ total compensation," said Char Ruppel, Vice President of Business Development at Total Rewards Software. "Most employees have no idea the investment their employers are making on their behalf. The challenge then becomes, how to promote total compensation to offset these cash compensation freezes with little of no HR budget. Our free software solution addresses this current challenge head on."

FreeTotalCompStatements.com allows employers to easily produce personalized total compensation statements for all their benefit-eligible employees. Traditionally referred to as a "hidden paycheck", these statements show employees that there is much more to their total compensation than direct pay alone.

Clients using the software range across all industries, including retail, manufacturing, construction, health care, non-profit, education, banking, insurance, professional services and technology.

About FreeTotalCompStatements.com
FreeTotalCompStatements.com is a service operated by Total Rewards Software, Inc., a private company founded by business and technology professionals with a mission to deliver high quality, cost-effective, total compensation software solutions to the millions of small and medium sized employers in North America.

Media Contact:
Ray O’Donnell, Total Rewards Software, Inc.
(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.

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Raymond O’Donnell
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