Medical inflation cycles and trends will remain the primary benefit challenge for human resource managers for the next decade. The effective communication of cost pressures and plan design changes is critical to the success any employee benefit plan. Do you have a plan for the next 2 to 5 years? Do your employees understand that plan? Employee communication is the foundation of any plan to address these problems and benefit statements are the key component of that communication process.

With in-house software, benefit statements can be generated on demand, anytime. Potential hires will understand their comprehensive compensation in order to make more informed decisions. The “hidden paycheck” is a powerful recruiting tool. Frequently, a potential employee’s spouse will be influential in the employment decision, making benefit statements an important “take-home” piece from the Human Resource department. The cost of this software will be saved many times over with just the recruitment of one quality employee!!

Employees who understand and appreciate their benefits will evaluate other job positions on an “apples-to-apples” basis (factoring in the value of all benefits, not just “take-home” pay). An informed workforce is the most effective defense against employee turnover.

Benefit statements are frequently used to encourage increased participation in 401(K) and other qualified retirement plans. FSA’s, HSA’s and other new programs will need to be well communicated in order to generate participation in these benefits. Good communications create good participation!

Easy Benefit Statements software is designed to take advantage of the flexibility of today’s database technologies. The versatility of our database program and the familiarity of a Windows operating environment make the statements very simple to generate and print.