Press Releases
Waltham, MA – September 2, 2003 –
Authoria, Inc., a world leader in personalized Web-based human resource communication, today announced the availability of the Authoria Total Compensation solution, a new solution that allows employers to communicate the full value of the pay and benefits programs they offer to employees.
Studies show that U.S. employers are paying more than ever for employee benefits $1.5 trillion each year. Yet its proven that employees value those benefits at less than half their actual cost. Today, employees make a considerable contribution to share in the overall cost for benefits, especially health coverage. Studies show that the average worker now pays $2,088 per year in health care premiums, up from $1,656 in 2000.
"With health care costs on the rise, organizations are asking employees to share more of the burden," said Ron Hanscome, Senior Program Director, META Group. "And, as organizations strive to retain key employees, they are increasingly looking for better ways to communicate the overall value of what they're offering to employees."
"While most statements provide a compensation breakdown only, the Authoria Total Compensation solution adds relevant content that helps employees better understand the benefits they receive," said Tod Loofbourrow, President and CEO of Authoria. "By providing plan and policy detail, employers can go beyond merely providing financial values to truly educating employees on the overall value of the employment relationship allowing them to motivate and retain key employees."
About the Authoria Total Compensation Solution
The Authoria Total Compensation Solution allows organizations to offer a powerful combination of a total compensation statement that's enhanced with personalized plan and HR policy content. This powerful combination of financial information and supporting HR content helps employees gain an in-depth understanding of the full impact of their company-sponsored benefits.
Here are some selected highlights of the Authoria Total Compensation solution:
Pricing and Availability
Pricing for Authoria's Total Compensation solution is based on employee population size and is available immediately.
About Authoria
Authoria is a world leader in personalized human resource communication. Authoria HR™ is the Knowledge Application standard in the software industry. Over one hundred organizations worldwide rely on Authoria to dramatically improve employee communication while streamlining costs. Authoria's Knowledge Applications manage and communicate complex information to millions of people at some of the world's largest companies, including Boeing, Motorola and Wells Fargo. Among Authoria's partners are industry-leaders PeopleSoft, Towers Perrin, IBM BCS and Accenture. Based in Waltham, MA, Authoria has been ranked three times by Inc. Magazine as one of America's fastest-growing private companies and has been recognized by Deloitte & Touche in the New England Fast 50 four times and the National Fast 500 twice. For more information, please visit www.authoria.com.
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Note to editors: Authoria, Authoria eSPD, Authoria HR, Authoria Outsourcer, Authoria HR US Policies, Authoria HR US Benefits, Authoria HR UK Policies and Authoria HR UK Benefits are trademarks or registered trademarks of Authoria, Inc. in the United States and other countries. PeopleSoft is a registered trademark of PeopleSoft, Inc. All other product names and references contained herein remain the service marks, trademarks or registered trademarks of their respective owners.
For more information:
David Fleming
Authoria, Inc.
781-530-2040
david.fleming@authoria.com
Maura Landry
SHIFT Communications
(617) 779-1829
mlandry@shiftcomm.com
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