100+ Register FreeTotalCompStatements.Com

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<p><b>Rocklin, Calif. &mdash; Feb. 28</b><br/>FreeTotalCompStatements.com, a free, on-demand total compensation statement software, has registered more than 100 companies, representing more than 8,000 benefit-eligible employees in its first 60 days of operation.</p> <p>Clients that have signed up for the statement software range across all industries, including banking, insurance, manufacturing, nonprofit, education and technology.&nbsp; </p><p>The rapid growth reflects a growing trend in compensation package reporting, said Ray O&rsquo;Donnell, president of TotalRewards Software Inc., the developer of FreeTCS.com.</p> <p>&quot;This marks a significant adoption milestone and one that we did not expect to achieve so quickly,&quot; O&rsquo;Donnell said. &quot;The response to our free service has been tremendous, and the subscription rate to our fee-based, premium editions has also greatly exceeded our expectations.&quot;</p> <p>FreeTotalCompStatements.com is the free edition of TotalCompBuilder.com, a Web-based, on-demand total compensation statement software for employers of all sizes. </p><p>In addition to the free version, the TotalCompBuilder family includes the Agency Edition, designed for insurance brokers, consultants and third-party administrators, and two premium editions &mdash; Professional and Enterprise &mdash; geared to companies of all sizes. </p><p>The full-featured premium editions start at $50 per month per organization.</p> <p>According to the Bureau of Labor Statistics, benefit costs average 30 percent of an employee&rsquo;s total compensation package. </p><p>A recent Yahoo Hot Jobs survey, however, found 36 percent of the workers surveyed planned to leave their employer for one with better benefits. </p><p>In that same survey, 51 percent of employees who planned to stay cited a good benefits package as the reason.</p> <p>&ldquo;Based on these labor statistics, it&rsquo;s no longer a luxury to show employees the full value of their benefits program and the tremendous impact it has their total compensation,&rdquo; O&rsquo;Donnell said.&nbsp; &ldquo;It&rsquo;s now a critical retention and recruitment tool.&rdquo;</p>

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