Aberdeen Group Recommends Increased Employee Involvement in Benefit Plan Management as a Best-in-Class Practice
November 05 2008 - 11:04AM
Marketwired
Asure Software (NASDAQ: ASUR), a leading provider of workforce
management solutions, announced the availability of a report for
Human Resources Professionals titled, "Taming the Benefits
Management Beast: Driving Costs Down and Satisfaction Up," from
Aberdeen Group, a Harte-Hanks Company (NYSE: HHS), underwritten by
iEmployee.
In the report, Aberdeen Group found companies are striving to
balance having a competitive benefits program and controlling
costs. iEmployee allows companies to better manage benefit
programs, through web-based, self-service employee time tracking
software solutions, ultimately lowering the costs and
administrative burden to Human Resources departments.
Based on the research, Aberdeen Group cites surveying employees
on benefits program satisfaction, introducing or expanding health
wellness program offerings, and increasing employee involvement in
managing their individual plans as keys to success.
"Medical insurance is far and away the most expensive benefit
item being offered by organizations, and it can be a budget
buster," according to David Weldon, Research Analyst, human capital
management at Aberdeen and author of the report. "The answer is not
found in reducing medical insurance coverage, but in finding ways
to make it less needed." Cases in point include wellness and
disease management programs, both of which attempt to rein in the
need and cost of other health care by keeping employees more
healthy.
As important as it is to gain control over benefit program
costs, best-in-class organizations understand the need to still
provide a robust offering of benefit items that attract and retain
workers and make sense for their employee needs. "The gains for the
organization include increased retention and job satisfaction, and
decreased budget and administrative costs," Weldon remarks.
"The Aberdeen Group's findings corroborate much of what we hear
from our customers who use iEmployee self-service solutions
everyday to manage and administer their benefit programs. Our hope
is that the Aberdeen Group's findings raise the level of awareness
of how critical issues like online benefits management are tied to
things like employee retention, operational costs, and benefits
costs," said John Stockton, Vice President of Product Management
for Asure Software.
"It's always a challenge for HR to quantify the impact these
elements have on not just the business of HR, but the organization
as a whole. What the Aberdeen Group report provides is a roadmap
for any HR professional to measure their current company against
best practices and know where they need to point their resources --
and iEmployee provides a proven employee self-service solution to
facilitate personal involvement with benefits management."
Human Resource and Benefits Management programs at Best-in-Class
organizations are credited with increasing employee job
satisfaction by 11 percent and employee retention by 15 percent. At
the same time, the best-in-class companies have reduced the
administrative burden on HR by 6 percent, and decreased the benefit
program cost per employee by 7 percent. iEmployee helps companies
achieve these improved operational gains by empowering employees to
play a greater role through increased access to benefit programs,
information and options.
To obtain a complimentary copy of the report, visit:
http://www.iemployee.com/products/taming-benefits-management/
About iEmployee
A pioneer in On Demand Workforce Management solutions, iEmployee
delivers web-based, human resource management solutions that enable
customers to easily and affordably transition to time and
attendance electronic timesheets, benefits self-service, online
human resources training, online expense reporting, salary planning
and online paystubs and W2s. All products are fully hosted by
iEmployee, there is no software to install or hardware to maintain,
thus providing a quick and painless way for customers to take their
first step into a fully-automated HRIS solution. For more
information, please visit www.iemployee.com.
About Asure
Headquartered in Austin, Texas, Asure Software (ASUR), (a d/b/a
of Forgent Networks, Inc.), empowers small to mid-size
organizations and divisions of large enterprises to operate more
efficiently, increase worker productivity and reduce costs through
a comprehensive suite of on-demand workforce management software
and services. Asure's market-leading suite includes products that
optimize workforce time and attendance tracking, benefits
enrollment and tracking, pay stubs and W2 documentation, expense
management, meeting and event management, and asset tracking and
reservations. With additional offices in Seekonk, Mass., Vancouver,
British Columbia, and Mumbai, India, Asure serves 3,500 customers
around the world. For more information, please visit
www.asuresoftware.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995:
Statements in this press release regarding Forgent's business
which are not historical facts are "forward-looking statements"
that involve risks and uncertainties. For a discussion of such
risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements, see "Risk
Factors" in the Company's Annual Report or Form 10-K for the most
recently ended fiscal year.
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