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
| Source: Workscape
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.