TotalCompBuilder.com Helps Employers Communicate

On-demand software solution helps employers improve staff morale, increase productivity and retain top performers

In most cases, itís not the richness of a benefits program that retains top-performing employees . . . itís 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 employeeís 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.

ìWith replacement and training costs as high as one to two times an individualís salary, itís no longer a luxury to show employees the full value of their benefits program ñ itís now a necessity,î said Ray OíDonnell, 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 (www.FreeTCS.com), the Agency Edition (www.AgencyEdition.com), 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.

ìPromoting the value of total compensation results in improved employee morale, increased employee productivity and the retention of top employee talent,î adds OíDonnell. ìAdditionally, in this era of benefits cost-sharing, communicating a companyís benefits investment can lead to less resistance by employees towards any current or future cost sharing arrangements.î