AMS Benefits launches exciting features to suite of Broker Applications

AMS Benefits, a provider of software and automation services for employee benefits brokers, announced today the addition of two exciting features to its powerful suite of applications that will allow brokers to help employers attract and retain workers.

Benefits Benchmarking, a robust tool that allows employers to compare their benefit packages to other employers, has been added to AMS Benefitsí AgencyCenter application. Total Compensation Statements, which gives employers a state-of-the art vehicle to communicate the total value of the pay and benefits programs to workers, has been added to its BenefitsCenter application. Both enhancements are available to existing and new AMS Benefitsí customers immediately.

ìEmployers recognize that winning the war for talent requires having a benefits program that compares favorably to those offered by other employers,î said S. Stuart Spector, general manager of AMS Benefits. ìFor many employers, especially small and mid-sized, comparing benefit packages is a painstaking process. The Benefits Benchmarking tool that we developed gives brokers a powerful resource to measure how their clientsí benefits stack up against those of similar industry, geography, size, and other demographics.î

The Benefits Benchmarking feature is available to brokers and agencies that use AgencyCenter, a state-of-the art web-based workflow management application. It provides access to critical, timely and relevant benefits information including average employee size, average amount spent on healthcare or the total amount spent on employee benefits. With this powerful application, brokers can benchmark against their own customer base or against a larger pool to determine how their clients compare to national averages.

ìCompanies are spending a lot of money today on benefits to attract and retain workers,î said Spector. ìHowever, employees are often unaware of the total value of their compensation and benefits package. With Total Compensation Statements, employers can easily and economically show their workers the true value of what they are receiving.î

The Total Compensation Statements solution delivers personalized, up-to-date information to employees either online or as a printed statement. With one click, employees see a comprehensive snapshot of their cash compensation, including base salary, commissions, bonuses and overtime, as well as their employees benefits, including health care and retirement benefits, paid-time off, vacation time and tax savings programs. Additionally, employers have the ability to include information on estimated tax savings from various programs such as 401(k) plans and flexible spending accounts, as well as real-time balances on retirement and investment plans. The Total Compensation Statements tool can be added to any of BenefitsCenterís three portals ñ one for brokers, employers or employees.

ìBoth of these exciting features are part of our ongoing commitment to providing agencies and brokers with products to help them grow their business, add value and strengthen their client relationships, and differentiate themselves in the marketplace,î said Spector.

For more information, please contact the AMS Benefits sales office at 866-807-4821 or visit www.amsworld.com/benefits

Distributed by HR Marketer.com