SOURCE: Workscape

October 08, 2008 11:12 ET

Workscape Announces New Outsourced Benefits Administration Solution Designed "Expressly" for Companies With 1,000 to 5,000 Employees

Using Workscape's SaaS-Based OBA Express, Employers Can Increase Employee Awareness, Improve Participation and Reduce Overall Healthcare Spending

MARLBOROUGH, MA--(Marketwire - October 8, 2008) - Workscape, Inc., a leading provider of outsourced benefits and talent management solutions, today announced the development of Outsourced Benefits Administration Express (OBA Express), a solution that delivers world-class benefits enrollment and eligibility functionality with a price-point and feature set that are particularly attractive to companies with 1,000 - 5,000 benefits-eligible employees.

OBA Express bundles the power of enterprise-level benefits administration solutions and services in a way that makes it both affordable and appealing to mid-sized companies. By leveraging Adobe Flex technology, Workscape has further reduced the overall time, complexity and cost of implementation, thus passing along the time and cost savings directly to customers. By using a straightforward, browser-based interface, OBA Express walks benefits-eligible employees through the entire enrollment process in a dynamic and intuitive environment that transforms enrollment and life event processes into a simple interview-type format. The entire application is available online through a hosted model, and can be configured to reflect the unique branding of an organization.

Workscape CEO, Tim Clifford, commented, "Increases in annual healthcare premiums are outpacing both general inflation and an employee's wage increase. Companies of all sizes are looking for ways to cut costs and reduce the corporate financial burden of healthcare. Leveraging a more cost-effective outsourced benefits solution helps companies deliver flawless benefits administration services to their employees without adding work to an already overburdened human resources team."

OBA Express features a diverse array of capabilities designed to streamline and improve the benefits enrollment and associated processes for end-user and employer alike. From dynamic on-screen elements that highlight fields or information of particular importance to validation technology which ensures that employees are alerted to errors or potential errors in real-time, OBA Express users understand exactly what actions need to be taken and where they are in the enrollment process. Furthermore, to ensure that companies gain insight into the behaviors and plan selection practices of their workforce, Workscape also delivers a selection of reports and analytic tools that enable a proactive role in driving desired employee outcomes.

"In many industries, the number of people leaving the workforce and heading into retirement is happening faster than younger talent can join the ranks," continued Clifford. "This is causing a 'skills gap' in many areas. As a result, employee retention is critical and having the right benefits in place can play a significant role in keeping workers loyal and focused."

Through Workscape OBA Express, the benefits enrollment process is transformed into an opportunity to increase employee awareness, improve participation and reduce overall healthcare spending. Organizations recognize additional cost savings via Workscape's Software-as-a-Service (SaaS) delivery model, which eliminates the need to maintain, service and support the solution onsite. To further facilitate its ease of use, Workscape also provides access to a range of OBA Express support resources on an à la carte basis -- such as 24x7 phone access to Workscape's U.S.-based employee support center, complete communications capabilities and a complete selection of decision support tools.

In general availability this January, OBA Express will be demonstrated in Workscape's Booth No. 701 at the upcoming HR Technology Conference, being held in Chicago from October 15 - 17, 2008.

About Workscape

Workscape is a leading provider of business-critical HR solutions that enable hundreds of organizations to manage their two largest workforce expenditures: employee benefits and performance-driven compensation. Workscape's offerings share a common technology platform, can be readily integrated with existing IT investments, serve millions of employees, and are scalable and configurable to meet the distinct requirements of organizations ranging from 1,000 to over 400,000 employees. One client uses the company's award-winning multi-lingual compensation solution to compensate hundreds of thousands of employees across 70 countries. Workscape's outsourced benefits administration offerings are backed by U.S.-based 24/7 support for managers and employees on policies and processes. For more information about Workscape, visit www.workscape.com or call (888) 605-9620.