Payroll Service

Access to Outline Cloud Strategy at Softworld 2010

Colchester, UK (PRWeb UK) October 7, 2010

Access, the mid-market consulting, software, and solutions provider will be outlining its cloud strategy at Softworld on Tuesday 19th and Wednesday 20th October 2010 at ExCeL London. Innovation Director, Stuart Allsopp will be leading a seminar called ‘Access in the cloud’, exploring the impact of emerging cloud technologies for UK companies, and how the evolution of Access’ software portfolio will benefit the mid-market.

“Cloud is one of the biggest topics for businesses right now,” said Stuart. “As a provider of solutions to a broad range of industries – including finance, document management, CRM and HR – I’ll be outlining how Access is embracing the cloud. I’ll also be looking at the practical implications for companies looking at hosted or SaaS solutions and how they may help to shape current and future IT strategies.”

Across the two-day event Access will host four seminars; in addition to ‘Access in the cloud’ it will focus on streamlined purchase-to-pay processes with Access Dimensions & FocalPoint and gaining efficiency with human resources technology through SelectPay and SelectHR. The latter two sessions will be led by Dee Caporali, sales director of Access Select, Access’ HR and payroll specialists.

The purchase-to-pay seminar demonstrates how having the right solution can cut processing costs, reduce purchasing lead-times and remove the admin burden for staff in the extended enterprise. In addition to this, Access Chairman Paul Druckman will lead a masterclass on accounting for sustainability. This will look at how integrated reporting and embedding environmental, social and governance measures into decision-making is becoming a reality. It will also address how this will change business systems and software.

Chris Bayne, MD for Access, said, “We believe the time is now right to reveal Access’ cloud computing strategy. Stuart and the development team have been working on how best to utilise the cloud for the benefit of our mid-market customers, so we’ll be presenting this vision at Softworld.”

Access will be on stand 92 with demonstrations of Access Dimensions & FocalPoint, and stand 43 with demonstrations of SelectPay and SelectHR. You can book an appointment to speak to a consultant about your requirements, download the latest whitepapers and find out more about Access on the Softworld website.

For more information on Access call 0845 345 3300 or visit http://www.theaccessgroup.com. Alternatively, keep up-to-date by following Access on twitter, http://www.twitter.com/theaccessgroup.

About Access

    Access is a consulting, software and solutions provider, serving the mid-market
    The consulting services are backed by more than 75 accredited consultants, providing business software expertise. They operate nationally out of 10 offices in the UK and Ireland
    The software portfolio provides solutions to meet the needs of the whole organisation, helping to reduce complexity and increase efficiencies at every level. In addition to accounting and finance, Access also offers manufacturing software, professional services automation, and accounting for carbon emissions reporting. Other software solutions include distribution and warehousing, HR and payroll, document management, service and contract management and CRM and sales automation

Accreditations and memberships:

    Microsoft Gold Certified Partner
    Institute of Chartered Accountants in England and Wales (ICAEW)
    Business Application Software Developers Association (BASDA)
    HM Revenue & Customs: Payroll Standards Scheme

Awards:

    FrontRange Partner Awards 2010 for ‘CRM Partner of the Year’
    Green IT Awards 2010 for ‘Environmental Accounting Software of the Year’
    SIFT Media Software Satisfaction Awards 2009 for ‘Green Software Provider of the Year’
    Manufacturer of the Year Awards 2009 for ‘IT in Manufacturing’, won by customer Renthal for its use of the Access Supply Chain solution
    Construction Computing Awards 2009, ‘Construction Accounting Software of the Year’ and shortlisted for ‘Environmental Product of the Year’
    Accountancy Age Award 2008 and 2009 for the best ‘Mid-tier Software Package’

Media information:

Helen Carpenter

Head of Group PR

Access UK Ltd

T: +44 (0) 1206 322575 / 07833 936311

F: +44 (0) 1206 322956

E: helen(dot)carpenter(at)theaccessgroup(dot)com    

W: theaccessgroup.com

Tim Cole

PR Executive

Access UK Ltd

T: +44 (0) 1206 322575

F: +44 (0) 1206 322956

E: tim(dot)cole(at)theaccessgroup(dot)com

W: theaccessgroup.com

Access.071010.TC.Softworld

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Ceridian to Host More Than 850 HR, Payroll And Benefits Professionals at Annual Customer Conference

MINNEAPOLIS — July 8, 2005

Today Ceridian, a leader in managed human resource outsourcing solutions that maximize the value of people (http://www.myceridian.com), reported that more than 850 top HR professionals will attend its 18th annual customer conference, INSIGHTS 2005. This year’s event will be held July 10–14 in Las Vegas.

Attendees will be hosted by Ceridian employees at the Mandalay Bay Convention Center and have the opportunity to participate in comprehensive product training sessions, computer labs, and up-close product demonstrations; legislative updates from Washington D.C. to help keep companies up-to-date, compliant and knowledgeable; and personal and professional development sessions designed to motivate, inspire and encourage participants to be their very best.

Built-in accreditation elements also help attendees advance their careers. Ceridian INSIGHTS 2005 will offer more than 190 sessions across tracks that include human resources, payroll, benefits and management/executive topics. Participants can earn 1.8 continuing education (CEU) credits toward recertification for the American Payroll Association’s Certified Payroll Professional (CPP) and Fundamental Payroll Certification (FPC) designations and/or currency credits from the American Compensation Association. The event has also been approved for 20.5 recertification credit hours toward Professional in Human Resources and Senior Professional in Human Resources recertification through the Human Resource Certification Institute.

“Of the hundreds of busy professionals who plan to spend their precious time with us in Las Vegas, many are repeat attendees. The valuable business knowledge gained at INSIGHTS consistently enables them to make significant contributions to their companies. This level of customer engagement is a testament to our ability to provide return on investment and change the world of work for our customers,” said Ronald L. Turner, chairman, president and chief executive officer, Ceridian Corporation, and the event’s keynote presenter.

This year, the human resource outsourcing company will also introduce an opportunity for attendees to earn a diploma through Ceridian University. Launched in 2004, Ceridian University is a comprehensive program that provides Ceridian product certification for employees and customers, and offers access to preparation materials for industry certifications. A blended-learning environment, Ceridian University offers courses in a variety of formats including Web-based, distance learning, self-study and classroom training. By attending nine sessions (six required and three electives) at INSIGHTS 2005, attendees can earn a diploma in payroll administration, HR/benefits administration, systems technology, reporting administration or advanced reporting.

INSIGHTS 2005 will also offer entertaining general sessions such as the Sunday evening welcoming reception, a lively and lighthearted opening session the next morning, and an inspiring presentation later in the week by Kevin Carroll, the author of “Rules of the Red Rubber Ball: Find and Sustain Your Life’s Work.” Carroll is a masterful storyteller who uses his remarkable skills and myriad of experiences to teach business leaders and audiences around the world how to use the spirit and lessons of play to enliven and enrich their work lives, enhance innovation, and improve team dynamics and interpersonal communication.

Ceridian is changing the world of work by enabling companies to be free to succeed in their core business through its suite of innovative managed human resource solutions that include payroll and compensation, staffing, compliance, HR administration and employee effectiveness. Ceridian Corporation (NYSE: CEN) is an information services company serving businesses and employees in the United States, Canada and Europe. For more information about the human resource outsourcing company’s comprehensive array of solutions, visit http://www.myceridian.com or call (800) 729-7655.

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Ceridian LifeWorks-Leade Health Study Finds Employers Can Significantly Curb Workplace Stress

Minneapolis, MN — April 19, 2007

Employers that take proactive steps to reduce stress in the workplace work have happier, healthier and more productive employees, according to a study done by Ceridian LifeWorks and its recently acquired health coaching firm, Leade Health.

Of the 1,000 people surveyed at 20 different organizations using the Ceridian LifeWorks-Leade Stress Management program in the past year, 52 percent lowered their stress levels at work; 40 percent said they improved their ability to cope with stress; and more than 70 percent said they had less fatigue, headaches, insomnia, stomach aches and also had improved appetites.

One tool that is available to assist employers with workplace stress is the Ceridian LifeWorks-Leade Health Stress Management program, which uses a “little-at-a-time” approach. With this approach, employees get help to manage issues that may seem overwhelming by tackling them one step at a time, rather than trying to fix everything at once. Participants work one-on-one with a master’s-level, personal health coach to become more aware of their stress and how it affects their job. The health coach also helps participants understand what causes their workplace stress and educates them on coping skills that impact their response to stress. Most importantly, individuals learn how to take better care of themselves and deal more effectively with people and situations at work.

While stress can come from many different places, the Ceridian LifeWorks-Leade Health Stress Management program is unique because it addresses stress related to the workplace in four areas: job-related stress, work relationships, work changes and time management issues.

“Improvements in any one of these areas can address key factors such as employee engagement, absenteeism and presenteeism,” said Ceridian LifeWorks senior vice president Zachary Meyer. “Studies have shown that the annual cost of lost productivity related to stress and job dissatisfaction can be as high at $ 2,500 per employee. Clearly if it is not addressed, the cost to employers is very significant.”

Ceridian acquired Ann Arbor Michigan-based Leade Health in November 2006. Leade was founded in 1990 and specializes in health coaching in the areas of weight management, stress management, tobacco cessation and cardiovascular health. Leade Health’s success rates from its signature health coaching model achieve results that exceed national norms. The new specialty joins Leade’s pioneer health coaching programs with Ceridian’s workplace health and productivity solutions.

Ceridian was the nation’s first provider of fully integrated EAP, work-life and wellness services. Today, Ceridian’s EAP, work-life and health and productivity solutions are utilized by more than 37,000 organizations of all sizes in virtually every industry.

About Ceridian

Ceridian is changing the world of work by enabling companies to be free to succeed in their core business through its suite of innovative managed human resource solutions that include payroll and compensation, staffing, compliance, HR administration and employee effectiveness. Our wide range of HR, payroll, work-life and benefits services are designed to help companies maximize the value of their people. Ceridian Corporation (NYSE: CEN) is an information services company serving businesses and employees in the United States, Canada and Europe. For more information about the human resource outsourcing companyÂ’s comprehensive array of solutions, visit Ceridian’s Website or call (800) 729-7655.

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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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Ceridian Sees Increasing Interest Among Midmarket Companies For HR
Outsourcing

Minneapolis — January 2, 2008

Ceridian’s Human Resources Outsourcing (HRO) division continues to have steady growth with the addition of many new clients and the extension of contracts in its customer base.

Ceridian’s HRO portfolio now consists of 29 clients in the U.S. This includes eight new employers that have signed with Ceridian since the

beginning of the 2007 and eight existing Ceridian HRO clients that have extended or renewed their contracts with Ceridian HRO.

Some of Ceridian’s new HRO clients include:

ACCO Brands Corporation (NYSE:ABD), a world leader in select categories of branded office products.
AMEC, an engineering and project management company is a focused supplier of high-value consultancy, engineering, and project management services to the world’s energy, power and process industries.
Jiffy Lube, the largest system of franchised and company operated service centers in the fast-lube industry.
JohnsonDiversey Inc., a leading global provider of commercial cleaning and hygiene solutions, serving customers in the lodging, food service, retail, health care and food and beverage sectors as well as building service contractors.

All of these employers have turned to Ceridian to fully manage at least one of their HR/Payroll or benefits functions such as payroll, HRIS, health and welfare, Flexible Spending Accounts, COBRA, QRDO, talent acquisition and management and HR regulatory/compliance.

“We are finding more and more that HRO is very attractive to the mid-market, or medium-sized, organization because of the economic, strategic, operational, risk management – and the technology benefits – that the model provides,” said Ceridian HRO general manager and senior vice president, Keith Strodtman. “While mid-sized companies have become accustomed to buying separate best-of-breed HR solutions to support the various silos within the function — it actually makes more sense to look to one provider for multiple solutions. It makes the process of automating HR less challenging and offers the opportunity for better integration of functional areas. HRO can be a good alternative for companies in this situation.”

Ceridian has provided strategic HRO services since 1995 and was one of the first companies to provide a complete outsourced HRO offering. Today Ceridian is one of the leading providers of HRO to mid-market-sized companies, those with 2,000-15,000 employees.

“We are seeing companies, especially those in the midmarket who have made a successful change to HRO, focus more on strategic, high-return HR initiatives such as succession planning, organizational design, team effectiveness, leadership development, talent management, performance management and development planning,” said Strodtman. “This is in large part because a major administrative burden has been lifted.”

About Ceridian

Ceridian Corp. is a business services company that helps its customers maximize the power of their people, lower their costs and focus on what they do best. The company’s suite of innovative managed human resource solutions includes payroll and compensation, employee benefits administration, staffing, compliance, HR administration and Employee Assistance Programs (EAP), work-life and health and productivity solutions. Ceridian serves businesses and employees in the United States, Canada and Europe. For more information about the human resource outsourcing company’s comprehensive array of solutions, visit http://www.ceridian.com or call (800) 729-7655. Through its Comdata and Stored Value Solutions (SVS) subsidiaries, Ceridian is a major payment processor and issuer of credit cards, debit cards and stored value cards, primarily for the trucking and retail industries in the United States. http://www.comdata.com


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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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

More Hr Payroll Press Releases

LBi Software Engineering Announces General Dynamics Selects CaseManager for Help Desk Management

Woodbury, NY — June 29, 2009

LBi Software Engineering announced today that General Dynamics is implementing CaseManager for Human Resources Help Desk to log, track and resolve employee calls into its Service Center.

“General Dynamics’ requirements for automatic assignment, automatic escalation and complete case tracking and history made for a perfect fit with LBi’s CaseManager product,” said Richard Teed, President of LBi. “We extended the CaseManager solution with the Employee Self-Service Portal for 24×7 access to research and review queries by the employee.”

CaseManager, an LBi Software Engineering application, allows customer service representatives (CSRs), human capital management (HCM) specialists, managers and system administrative staff to easily enter information about employee calls, find answers and efficiently track cases to completion. CaseManager seamlessly integrates with leading HCM/HR enterprise software packages like Oracle, PeopleSoft, and JD Edwards to give CSRs a holistic view of employee information — so they can provide the accurate, timely and consistent answers that employees need, with the fast response they expect.

About CaseManager

CaseManager from LBi is a browser-based application providing a comprehensive solution for call center efficiency and help desk management. CaseManager combines the latest web technologies with the basic functionality of DiscoverE, a successful LBi application for more than ten years, to offer customers an end-to-end solution for managing employee calls and tracking issues to resolution. Designed to integrate smoothly with existing human resource management systems, CaseManager greatly reduces start up and maintenance to ease IT workloads.

About LBi

LBi develops custom applications when off-the-shelf software and major enterprise (HCM/ERP/CRM) applications don’t fit the need. Whether it is a full enterprise solution or a smaller “bolt-on”, we work side-by-side with our clients to develop the best solution for you. LBi’s products are custom bolt-on applications for Human Capital Management systems (e.g. Oracle, PeopleSoft, JD Edwards):

    Employee Self-Service Portal – allows the employee to directly access HR, payroll and benefit data (e.g. employee contact info, recent paychecks, W-2′s).
    Web-based Benefits enrollment – allows employees to enroll in benefits on the web – full e-mail integration provides a paperless open enrollment.
    At-Trac – time and attendance tracking and workflow.
    CaseManager – a help desk tracking and workflow tool that includes the ability to create a knowledgebase on the fly.

Additional information about CaseManager:

http://www.lbisoftware.com/casemanager.html

Additional information about LBi Software:

http://www.lbisoftware.com/

Contact Information:

Mike Denezzo

LBi Software

516.921.1500

http://www.lbisoftware.com

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Attachments

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Workforce Management

XtreMe Imperium – Workforce Management

A true real-time solution
100% browser based user interface offers greater accessibility
The logic engine is the most flexible and is capable of processing extremely complex rules
Microsoft SQL-Server database is extremely scalable from under 100 employees to thousands
Flexible “roles-based” security supports highly-personalized employee self-service.
Offers seamless integration with leading Human Resource Software, Payroll Processing and Accounting Platforms.

The workforce management tool is the missing link between data entry and payroll processing. Expensive issues can be reduced by eliminating paper time sheets, streamlining time entry methods thus reducing operating costs resulting in improvement of employee’s productivity and execution of accurate payroll processing.

Overhead costs are drastically cut when time is no longer lost in manual time data entry, simple human error or false and inaccurate time reporting. The Workforce management tool is capable of tracking time for all of employees including hourly, salaried, part time, contractors or temporary staff.

Empower your supervisors with the ability to track and manage employees in real time with the benefit calendar to audit attendance and manage department scheduling.

The workforce management tool fully integrates in to your existing payroll application making the process much more efficient by eliminating manual data entry, providing accurate and balanced electronic time sheets and causing one touch payroll processing,

Discover the difference of a solution with absolute lowest cost of ownership and all inclusive pricing methodology, free software upgrades, unparalleled customer service and integrate with any payroll software on any platform.

Providing detailed company analysis, full implementation and training the workforce management tool brings you a cutting edge and cost effective solution to streamline your time

To know more about our workforce management solution, email us sales@pftec.com or call us on +91 44 4394 6666.

End to End IT solutions for multi channel business

Pathfinder is a recognized provider of IT solutions to businesses operating in retail, ecommerce, multi-channel retail and mail order & fulfillment. We offer a broad range of solutions, from retail systems covering in store and head office environments, to distance selling systems, integrated IT systems for wholesale and portal solutions for communication and information management.

This means that whether you want a best of class application to handle one aspect of your business, or a fully integrated solution to manage all multi-channel elements, we can help.

Our solutions include:

Retail Management Systems
Ecommerce
Multi-Channel Software

Our solutions help organizations operate with greater efficiency, integrating and managing business to streamline costs, boost sales and deliver the optimum buying experience to their customers.

Can we help support your operations? Why not contact us today to discuss your requirements.

HR & Payroll

Focus RT helps you in structuring employee information, monitoring their development and creating the right internal environment to drive your business forward. This module starts right from accepting CV details, filtering and screening of candidates up to the end-of service benefits.

Organizations most important resources are their employees. To manage manpower successfully is becoming the mantra for a successful organizational growth. An efficient HRMS suite helps you achieve this by consolidating vital information in one secure and accessible location, and working collaboratively with your employees and their managers. Strong and flexible security empowers employees to perform certain tasks themselves, while protecting privileged information from curious eyes.

The Human Resource module starts right from accepting CV details, filtering and screening of candidates and takes the complete process up to end-of-service benefits.

Functionality Overview

Full Employment and Personal Details.
Leave Tracking and Requests.
Job bank connected to any web site.
Candidate tracking and interview process.
Track remuneration, commissions, benefits, leave, warnings, rates, personal information and much more.
Track employee’s entire career with your organization from the interview process details to retirement.
Flexible export to payroll systems.

Monthly Reports Pay Slip.

Pay Statement.
Summary Statement.
PF Monthly Report.
PT Monthly Statement.
Bank Statement.
Loan Transaction Statement.
LIC Policy Details.
Hold Employee Statement.
Release Salary Statement.
Attendance Report.
Leave Ledger.
Salary Earned in a Period.
CTC Statement

Recruitment

Position/Vacancy Management.
Multiple CV definitions.

Screening and Filtering of CVs.

Interviews and short listing.
Appointment Letters

Employee Information

User Definable Employee Master
Joining, Appraisal Dates.
Passport and Visa information.
Vacation & Flight Sector Information Shift/Transfer Information.
Earnings, Deductions and Leaves Information

Attendance

Daily/Hourly Attendance Entry.
Integration with Swipe Card Output.
Attendance by Site/Job.
Leave Information.

Payroll Processing

Calculation of payroll from daily attendance.
Loans, Loss of pay deductions.
Posting of Payroll Entries to GL.
Vacation Salary.
End of Service Benefits.
Salary Slip and Bank Advice Reports.

To know more about our workforce management solution, email us sales@pftec.com or call us on +91 44 4394 6666.

www.pftec.com

RealLife Benefits Introduces ‘RealLife Perspectives’ Report

Hunt Valley, MD — June 17, 2005

CFOs and HR Team Can Now Have Immediate Access to Quantifiable Data – RewardsPlus, a leading provider of outsourced benefits management solutions, today announced the release of its RealLife Perspectives report exclusively to its RealLife Benefits clients. In providing an analytical report that summarizes the hundreds of benefit transactions processed by HR teams each month, RealLife Benefits is arming employers with an arsenal of new analytics tools that track over 40 different types of HR, payroll and benefits transactions and also can save vital benefit dollars.

“Everyone focuses on Open Enrollment as the major activity from an annual transaction perspective when it is actually just one of many transactional events that occur each year related to an employee and his family,” said John J. Nail, CLU, executive vice president, RewardsPlus. “In fact, our experience shows that in addition to OE, there are nearly 8 changes a year on average per employee. Our tools allow the HR and benefits professional full access to view, assess and analyze this data within the context of their own goals and objectives.”

The unique report helps employers quickly measure benefits administration and communication activities and cross reference critical information, month-by-month, such as:

• Enrollments – Monitors the number of employees affected by enrollment-related events which can help HR plan for future benefit utilization.

• New Hires and Terminations – Provides details on the number of new hire, rehire and termination activities and their resulting benefit events which helps employers easily quantify benefit costs resulting from employee turnover.

• Validate Eligibility – Because the RealLife Benefits system automates the eligibility process, the report easily itemizes the number of employees and their dependents who have gained or lost benefits eligibility. As a result, employers can clearly illustrate the dollars saved by not covering employees and dependents who are ineligible for a benefit plan.

• Life Events – Offers a summary listing of benefit changes resulting from employee-related life events such as birth, adoption, marriage, divorce and others. Quantifying the number and type of life events processed helps HR be more strategic in planning for the changing needs of their workforce.

• System Utilization and Adoption – This information also details unique logins per day per person, areas viewed et. al., allowing HR to track employee utilization of the RealLife Benefits system. Online usage can now be tied to the reduction of calls into HR and benefits plus online information can be adjusted to better serve the needs of their employees.

• Call Center Usage – Comprehensive data is available on RewardsPlus call center activity and employer support services provided, including surrogate benefit enrollments/updates processed, multi-lingual support, services provided by employer support and help desk calls into the client service center.

• Call Referrals – The RealLife Benefits platform utilizes a single toll-free number and a dynamic call routing system to make it easier for employees to get help from their insurance carriers. Tracking this data allows HR to see the volume of service requests that their vendors are getting.

Combining RealLife Benefits’ survey capability with RealLife Perspectives, HR can now tie qualitative input from employees on the various Web and phone-based tools to their quantitative transactional data to provide a 360 degree view of their department’s services. For the first time, employers are able to quantify all of the related transactions, along with qualitative employee feedback, and can truly validate the ROI for their outsourced benefits administration functions.

Nail commented, “For the last few years we have heard about HR needing to become more strategic. Our RealLife Perspectives truly provide the HR and benefits professional with real information as to the specific work and services their departments provide, the ability to show a true ROI and offer tools to allow them to tie their investments in new solutions to employee satisfaction. We believe this report finally offers a full transparent view of the workings of the most important area of the company, where over 60% of a typical company’s budget is spent – the one that is people-oriented.”

RewardsPlus recently announced RealLife Benefits system version 8.0 that includes upgrades to the employee communication, total compensation statements and enrollment Web site as well as to the system’s real-time benefits administration and OLAP based reporting tools.

RealLife Perspectives will be on display at the SHRM show in San Diego June 19-22, Booth 338.

About RealLife Benefits by RewardsPlus

A leader in benefits management automation and outsourcing, the RealLife Benefits solution simplifies and automates benefits communications, enrollment and administration in addition to offering call center services and a dedicated support team. Serving more than one million lives, RealLife Benefits clients include a wide array of brokers and consultants as well as nationally recognized corporations including Magellan Health Systems, Bombardier, Unilever, AT&T and Comcast. For more information, visit the RewardsPlus Web site at http://www.rewardsplus.com.

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This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Trucking payroll software, visit: www.nuview-payroll.com to learn about NuView Systems, a leading provider of integrated HR and payroll software for trucking companies worldwide.

White Paper Provides Benchmarked Benefits Administration Costs Using Total Cost of Ownership (TCO) Model

MARIETTA, Georgia — January 9, 2006

Sourcing Analytics, Inc. (http://www.sourcinganalytics.com), a leading provider of HR, payroll and benefits consulting services, today announced the results of the first-ever comprehensive study on the Total Cost of Ownership (TCO) for health and welfare benefits administration. The study was conducted by Sourcing Analytics, an independent consulting firm specializing in the evaluation of HR service delivery. The study captured the TCO of benefits administration for 36 companies, all with more than 1,000 employees, and provides never before published benchmark data comparing companies that outsource benefits administration to those that keep the responsibility in-house. TCO was defined as the total costs, direct and indirect, related to the design, implementation and ongoing management of health and welfare benefits administration.

Key study findings include:

     Organizations that outsource benefits administration experience a 17 percent lower average TCO than companies that keep the responsibility in-house. ($ 199 vs. $ 165 per employee per year)

    Employers that integrate call center support within their benefits outsourcing arrangement, find that average TCO decreases further to become 24 percent less than in-house administration.

    Study participants outsourcing benefits administration are more than four times more likely to offer Web-based annual benefits enrollment, and more than 18 times more likely to offer Web-based enrollment on an ongoing basis to manage status changes and year-round benefit options.

    Companies outsourcing benefits administration reported low or no costs related to Sarbanes-Oxley compliance.

    The cost savings achieved through outsourcing were true for all size and complexity groupings in the study.

Additional survey results and a free White Paper prepared by Sourcing Analytics entitled, “Benefits Administration – The Impact of Outsourcing on the Total Cost of Ownership” are available by visiting the Sourcing Analytics web site: http://www.sourcinganalytics.com/benefits_admin.htm.

While the study provides insight into the cost dynamics of outsourcing, it also provides something not available elsewhere in the market: a database of information specific to benefits administration. With this information, Sourcing Analytics can now provide benchmark financial analysis unlike any other company.

Howard Gerver, CEO of HR Best Practices states: “Given the high cost of employee benefit programs, plan sponsors have naturally focused on making plan changes to save money – a significant cost savings opportunity also exists in creating more effective and more efficient business processes.”

Furthermore, benchmarking administrative costs can provide indicators of inefficient and risk laden administration. Says Gerver, “The eligibility and claims audit work HR Best Practices performs often reveals serious problems related to proper eligibility determination and enrollment administration. In some cases, eligibility-related leakage can exceed 2% of total claim dollars. Benchmarking costs in these areas can be a first step in identifying and fixing critical administrative shortcomings.”    

This is the third TCO outsourcing study that has captured TCO information for payroll, HRIS and benefits administration for more than 250 companies with more than 1,000 employees. Donald Glade, President of Sourcing Analytics, is excited to have been involved in all three studies. Glade said “TCO is a powerful tool for analyzing costs which can be used in determining the ROI of change, identifying inefficient process, or better managing risk. In fact, the TCO studies all point to another key finding; there are right ways and wrong ways to outsource!”

Indeed, the study demonstrated that in the outsourcing environment, outsourcing fees as a percent of TCO can be as low as 20% or as high as 80%: the higher this percentage, the lower the TCO. The study showed that the companies with the highest TCOs in an outsourcing environment retained the highest in-house costs, suggesting that companies can often reduce costs even further through internal process enhancement and effective relationship management.

About the Study

More than 35 companies participated in the study between July and August 2005. Approximately half of the companies were administering benefits in-house, and the other half were in an outsourcing relationship. These companies represented a broad range of industries, and had an average number of 4,155 benefits-eligible employees.

For the purposes of this study, the TCO of health and welfare benefits administration was defined as the processes of: determining eligibility for a set of benefit plan types; communicating eligibility and plan options to employees; managing enrollment for benefits at hire, during open enrollment and upon a status change; managing the flow of data to the network of carriers/benefit providers; and, managing the flow of benefit deduction information to the payroll system(s).

Sourcing Analytics developed and administered the surveys to calculate the total costs for health and welfare benefits including medical, dental, vision/hearing, basic life insurance, short- and long-term disability, personal liability, accidental death and dismemberment, flexible spending accounts, commuter benefits, long-term care, supplemental insurances, and voluntary benefits. Clarifying calls were made to review and normalize against other responses based on many factors including company size, operating environment, and benefit process complexity.

About Sourcing Analytics

Sourcing Analytics was founded in 2003 to assist providers and their clients in supporting the HR services relationship. Sourcing Analytics brings unique perspective, professionalism and methodologies and is committed to supporting the service partnership; ensuring that it is managed for success.

Success in managing partnered solutions is not just desirable; it is essential. The costs of failure can be staggering. For the provider – purchase, renewal, and leasing revenues are at risk, along with implementation, training, and support investments that may rise into the millions of dollars. For the employer, it is much the same picture – time, expense, and business disruption, as well as management and employee dissatisfaction from unmet expectations.

As such, Sourcing Analytics analyzes, quantifies, recommends, and monitors solutions that enable companies to optimize their HR / benefits / payroll service partnerships.

For more information about Sourcing Analytics, call 770-509-4816 or visit the company’s Web site at http://www.sourcinganalytics.com.

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Attachments

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Cette vidéo montre les principales fonctionnalités du module de la gestion de la paie développé par la société Systemum.
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