Broker Report: Helping Clients Promote Total Compensation Value in Uncertain Economic Times
Employers should communicate total compensation to retain and recruit employees, offset freezes in salary and bonuses
ROCKLIN, CAL. / July 8, 2009 - Total Rewards Software, Inc., the industry leader in on-demand total compensation statement software, has just released its most recent Broker Overview Report entitled, Helping Clients Promote Total Compensation During Economic Uncertainty to Retain and Recruit Employees.
This executive report leverages over eight hundred total compensation statement projects with some of the leading companies in North America over an eighteen-year period. It covers how brokers have used this service to retain clients and add new business, as well as the advantages and disadvantages of currently available solutions.
"More than ever, clients are looking to their brokers and consultants to provide no-cost ancillary services -- especially in these uncertain economic times," said Ray O'Donnell, President of Total Rewards Software, Inc. and author of the report. "Most employers are expecting no salary increases or bonus payouts for the foreseeable future. Yet the value of their benefits program still represents nearly 30% of their employees' total compensation.
"Brokers and consultants who offer this service do so without fully vetting the pros and cons of the various options in the marketplace. This report will educate and inform those providers who are considering adding this service to their marketing and client retention arsenal," said O'Donnell.
To download a complimentary copy of this report, please visit:
Providers of employer services who have traditionally offered this type of service to their clients include health insurance brokers and consultants, third-party administrators (TPAs), professional employer organizations (PEOs) and payroll providers.
About Total Rewards Software Inc.
Total Rewards Software is a private company founded by business and technology professionals with a mission to deliver high quality, cost-effective, total compensation statement software solutions to the thousands of small and medium sized employers in North America.