New Case Study: Total Compensation Portal Delivers Healthy Hiring for California Hospital
Total Rewards Software explains challenges of healthcare providers in securing highly specialized candidates while managing costs
ROCKLIN, CAL. / March 04, 2013 - As healthcare reform looms and the industry evolves, a personalized total rewards portal is just what the doctor ordered for medical providers who need to fill highly specialized jobs.
The latest case study from Total Rewards Software explains how a Southern California hospital network is reducing hiring time and costs thanks to the new program. Like most healthcare employers, it faces a constant challenge in attracting and hiring top candidates who meet its specialized needs – and who are willing to live in expensive Orange County.
Last year the hospital turned to Total Rewards Software for a personalized candidate solution that conveys the full value of a salary and benefits package for top candidates. Since then, its human resources team has saved significant costs, eliminated a time-consuming compensation offer process and candidates are enjoying a happier hiring experience.
The full story is available for
complimentary download. The article also examines the evolving recruitment needs of the healthcare industry.
“Without a total rewards program, many employers don’t have a formal way of detailing all of the benefits, insurance information and perks that they provide in a single package,” says Ray O’Donnell, founder and CEO of Total Rewards Software. “When a total rewards statement is utilized properly, employers can paint a more dynamic picture of the value they bring to a candidate.”
About Total Rewards Software Inc.
Total Rewards Software is a private, U.S. based company, founded by business and technology professionals with a mission to deliver high quality and cost-effective, cloud-based total compensation statement software solutions to employers worldwide. Its software is used to create statements for employees in more than 40 countries across 5 continents.
New White Paper Helps Employers Convey the Value of International Compensation
Complimentary article from Total Rewards Software explains how to overcome cultural challenges when communicating the value of salary and benefits
ROCKLIN, CAL. / September 12, 2012 - U.S. companies face a constant challenge to convey the total value of a salary and benefits package to employees. But what happens when a corporation goes global? Expanding to other countries brings its own dizzying set of challenges.
A new white paper from Total Rewards Software explains how to successfully launch a global benefits communication campaign using total compensation statements. Authored by Total Rewards' team of experts, the article reveals challenges and potential pitfalls and offers ways to manage the maze of moving parts. Included are interviews with corporate benefits executives who share their experiences in rolling out compensation statement campaigns to overseas offices.
"Like James Bond, the international compensation statement has a core mission: overcome cultural differences, convey the true value of an employer's salary and benefits, and unify how it's communicated from organization to employee," said Ray O'Donnell, CEO and founder of Total Rewards Software, Inc. "HR professionals and compensation managers have learned that with strong planning and communication, there's far more bark than bite to rolling out a global compensation campaign."
The new article, "Spanning the Globe," is available for
complimentary download.
As companies continue to shoulder the financial burden of benefits programs, the need to communicate is greater than ever. A December 2011 ADP survey found that HR professionals believe that four in 10 employees don't fully understand their benefit plans. The quarterly survey found that 80 percent of HR decision-makers believe employees must fully understand their benefit options—yet only about 60 percent of their workers do.
It's not just a U.S. problem. Recently the Chartered Institute of Personnel and Development (CIPD) reported that most UK employers are wasting the money they spend on salaries and benefits by leaving employees in the dark about the true value of the total package. While a third of companies plan to increase spending on employee benefits, eight in 10 offer no financial education to help employees understand their value.
Benefit programs are generally structured the same, but the cultural differences can be mystifying. In countries such as Germany and Australia, employees engage in "salary sacrifice," where an employee gives up the right to part of their cash remuneration in return for retirement or other non-cash benefits. In some Asian-Pacific countries, employees are entitled to a "rice allowance," plus other allowances such as travel and lodging. Other countries present a dilemma when employees receive state-sponsored benefits, rendering irrelevant any employer-provided benefits.
"Communicating the big picture globally requires choosing the right cultural lens," O'Donnell adds. "The task may seem daunting, but the end results are greater employee loyalty and reduced turnover. The best benefits on earth are meaningless if employees don't know they exist."
About Total Rewards Software Inc.
Based in Rocklin, California, Total Rewards Software is a private company founded by business and technology professionals with a mission to deliver high quality and cost-effective total compensation software solutions to employers worldwide. The cloud-based application is used to create statements for employees in more than 40 countries across five continents, including industries such as retail, manufacturing, construction, non-profit, education, financial, insurance, professional services and technology.
CandidateStatements.com Named a Top HR Product of the Year by Human Resource Executive® Magazine
New product from Total Rewards Software selected over hundreds of HR products to win coveted award
ROCKLIN, CAL. / October 4, 2011 - Total Rewards Software, Inc., announced today its recruitment product CandidateStatements.com was named one of Human Resource Executive® magazine's Top HR Products of 2011. The company, an industry leader in total compensation statement software, was honored in an awards ceremony this week at the 2011 HR Technology Conference & Exposition in Las Vegas.
Selected from hundreds of entries, CandidateStatements.com was selected as a winner based on its innovation, value, and business benefits delivered to organizations looking to gain a competitive edge in the race for qualified candidates.
CandidateStatements.com is the first candidate experience platform that fully conveys an employer's value proposition to candidates. Part personalized total rewards statement, part on-boarding and part benefits portal, the unique program helps recruiters close more candidates and reduce their time to hire. Built-in analytics track a candidate's "digital body language" as he or she interacts with the program: when they logged in, how many times and which pages they visited most often. This valuable information helps recruiters identify what programs are the most important to the candidate.
"We are truly honored to be recognized by Human Resource Executive® magazine as one of the best HR Products for 2011," said Ray O'Donnell, founder and CEO of Total Rewards Software. "This award is a testament to our team's vision of the product and its potential for helping employers win the race for qualified candidates. We remain committed to building CandidateStatements.com into a world-class application serving the needs of employers throughout North America and globally."
Over 500 clients currently use the web-based applications offered by Total Rewards Software, including industries such as retail, manufacturing, construction, non-profit, education, banking, insurance, professional services and technology.
About Total Rewards Software Inc.
Total Rewards Software is a private, U.S. based company, founded by business and technology professionals with a mission to deliver high quality and cost-effective, cloud-based total compensation statement software solutions to employers worldwide. Its software is used to create statements for employees in more than 40 countries across 5 continents.
