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Press
Release
McBride
Communications
Huntsville
Hospital - Case Study on Compensation Benefit Statements
October 30, 2006
Background:
Huntsville Hospital began treating patients in 1895, and currently services
people throughout north Alabama and southern Tennessee. The Hospital
is one of the largest locally owned not-for-profit hospitals in the
nation with 881 licensed acute care beds. The medical staff of more
than 650 physicians are supported by 5,000 employees, including nearly
2,000 nurses. The Hospital facilities include Huntsville Hospital, Huntsville
Hospital for Women & Children, and outpatient Medical Mall, Madison
Medical Park and a 70-bed rehabilitation hospital.
R.W. Benefit Communications (RWBC), headquartered in Scottsdale, Arizona,
was launched in January of 1999. The staff of RWBC has extensive experience
in all areas of employee benefits. Romy Wightman, president of RWBC,
has more than 20 years of employee benefit experience and maintains
the company’s focus on providing customized benefit statements
for employers of all sizes.
Challenge:
According to LeAnn Thieman, author of Chicken Soup for the Nurse’s
Soul, it is estimated that by the year 2015, the United States will
be short 500,000 nurses. Additionally, 30% of nurses under the age of
30 plan to leave their jobs within the next year. These two facts alone
give cause for employers in the medical community to take immediate
action in their recruiting and retention practices.
The employment climate at medical facilities is such that trained nurses
and medical administrators have a bounty of employment opportunities
at their disposal. Private clinics, private physician offices, hospitals,
and homecare practices are all vying for the most talented candidates.
In fact, filling and retaining employees in these positions has become
so difficult, facilities are beginning to outsource nursing because
they cannot staff the positions internally.
The statistics don’t lie. It costs a company 25% of salary plus
benefits to replace one employee. In other words, it would cost $15,000
to replace one employee that is making $50,000 in salary plus $10,000
in benefits. And this is for only one employee. Huntsville Hospital
recognizes the current industry crisis and has wisely invested in proactive
steps to educate its employees of their total compensation package in
order to improve retention in an extremely competitive market.
An employee’s total compensation package goes far beyond a weekly
paycheck. It includes average pay, bonuses, sick days, holiday pay,
vacation pay, 401k or other retirement benefits, training, and even
company parties. Unfortunately, the only people who typically have a
thorough understanding of an employee’s complete compensation
package are those who work in the human resource department. Employees
who are seeking new employment make a vital mistake if they only compare
paycheck to paycheck.
Although this progressive hospital traditionally included benefits information
on every paycheck, and benefits statements for their employees six years
ago, there was little to no feedback. Huntsville Hospital decided that
despite budget challenges, they came to RWBC to assist them in developing
a comprehensive, professional, and personalized benefit statement for
more than 4000 of their employees. Solution:
Huntsville Hospital understood that in general, its employees were only
interested in visiting their benefits situation once a year –
usually during open enrollment. The hospital, along with RWBC decided
that the best timing to provide the benefits statements would be just
prior to open enrollment in order to assist their employees in making
informed enrollment choices for the upcoming year. It was determined
that the size, look and feel of an 11”x17” brochure would
be most suitable, with a one-page insert announcing the upcoming enrollment
with a call to action. RWBC worked under a tight deadline as the timing
for completion was critical.
The standard yet strategic information RWBC included in benefit statements
for Huntsville Hospital was an overall explanation of the benefits statements.
Next, was a detailed list of benefits, such as insurance, disability
and 401k rewards. This list was followed up with the employee’s
base pay and other pay, which are only a portion of the value of the
total compensation. All of this information was also laid out in colorful
pie charts which are included in every personalized statement.
The second page of the benefits statement demonstrated the hospital’s
commitment for their employees’ work and life balance, as well
as their healthy well-being. Interspersed with tips on wellness, this
section indicated the employee’s paid time off, and went into
detail about medical, dental, life, disability insurance, as well as
Flexible Spending Accounts. Also included was a list of benefits that
employees frequently do not consider as part of their total compensation
package, such as service awards, child development centers, tuition
reimbursement, free parking, and an onsite Notary.
RWBC wrapped up the benefits statements with comprehensive information
and charts indicating personalized retirement benefits and retirement
projections for the future. This last page also included key contact
information for all insurance plans, as well as a link to Huntsville
Hospital’s Self Service online web site. Results:
Huntsville Hospital’s human resource department was inundated
with emails, letters, and words of praise from its employees at all
levels rather than receiving critical feedback about the cost incurred
for the statements, as was expected. The cost of turn-over is so high,
if the hospital was to retain just one person, it would more than pay
for the statements.
The employees said that the benefits statements were appealing, highly
professional, and best of all, easy to read and understand on a very
personal level. At the prime time when employees were already evaluating
their benefits enrollment, the benefits statements encouraged employees
to see the big-picture of the value of their compensation.
According to Jennifer Holly, Director of Human Resources at Huntsville
Hospital, “Providing RWBC Benefits Statements for our employees
was the best public relations move we could have done for our department,
and the best morale boost for our employees.”
Closing Tips:
When providing employees with benefits statements, there are several
factors to consider. RWBC cannot overestimate the importance of knowing
the demographics of the company’s employees. Are employees older,
younger, married, single, or do they have families? What language is
primarily used in the home? Are employees computer-savvy, or will a
print version of the compensation statement be more beneficial than
online? Is the employee the decision-maker of benefits or the spouse
of the employee?
Also to consider is whether or not it is important to the employer to
track those who read the statements. Huntsville Hospital received resounding
revues about their benefits statements, but not all employees will feel
the need to respond. Online benefits statements can easily be tracked
by clicks throughout the site. However, unless there are incentives
or a call to action, such as a survey, it is difficult to track response
to printed benefits statements.
The last important point to remember is regardless of how important
the information, statements will not be read unless creative communication
is used to entice employees to read and participate. The employee benefits
statement must be user-friendly, appealing to the eye, and easy to understand
instead of a weighted and wordy document. It must be personalized, simple,
concise, and speak the employee’s language.
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Press
Release
COMPANY
LAUNCHES BENESTATE PRIME™ - FIRST of FULL SUITE of ONLINE BENEFIT STATEMENTS
TOOLS
RW
Benefit Communications Goes Electronic, Helping Customers Cut Costs
and Inconvenience
SCOTTSDALE,
Ariz. (January 30, 2006) RW Benefit Communications, specializing
in customized, total compensation statements, today announced the launch
of BeneState Prime™, the company’s first online statement offering developed
and owned by RW Benefits Communication. Through this in-house technology,
BeneState Prime enables customers to view updated, comprehensive, electronic
benefits statements at a competitive price. BeneState Prime is the first
of a full suite of compatible online offerings RW Benefit Communications
will be launching throughout the next several months.
Through
user name and password on a secure server, BeneState Prime offers customers
more options for storing benefits statements, and presenting them to
their employees. Customers now have the option to access statements
in paper, electronic, or any combination of these two versions, depending
upon the individual needs of the organization. The variety of options
can prove to be yet another substantial cost savings for the customer.
BeneState Prime also helps prevent the inconvenience and cost incurred
when statements are lost.
Typically,
companies release paper statements once per year, but with online statements,
companies can choose to update information more frequently. This allows
employees the option to view updated versions of their benefits package
at any time without having to through their Human Resource department.
“We are
continually seeking inexpensive and convenient ways to better serve
our customers,” said Romy Wightman, principal of RW Benefit Communications.
“By developing our own electronic program, we have more flexibility
and more cost savings, which naturally trickles down to our customers.”
About
RW Benefit Communications, LLC - RW Benefit Communications
is an employee communication company that has chosen to specialize ONLY
in total comprehensive benefit statements. The professional staff of
RW Benefit Communications has extensive national experience in all areas
of employee benefits, including technical expertise in benefit calculations
and developing formulas. Supporting companies large and small, RW Benefit
Communications has perfected the graphic and informational aspects of
their benefits statements creating the design and communication strategy
tailored to each client’s specific goals.
For more
information, visit www.benefitstatements.com.
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Press
Release
RW
BENEFITS COMMUNICATION REPORTS 51% GROWTH THIS YEAR OVER LAST
Report
Indicates that Benefits are Higher Priority than Wages
SCOTTSDALE,
Ariz. (January 24, 2006) RW Benefit Communications, specializing
in customized, total compensation statements, reports that the company
has experienced a 51% of growth in activity over the past year, concurring
with a recent report published by the Employment Policy Foundation (EPA),
“America Workplace 2005: The Changing Nature of Employee Benefits.”
The report released in August of 2005, states that benefits have replaced
salary as the prime consideration of workers when deciding to change
jobs. EPA is a nonprofit, nonpartisan public policy research and educational
foundation based in Washington, D.C. that focuses on workplace trends
and policies.
At the
company’s yearend, RW Benefit Communications reports an increased demand
for benefits statements from companies nationally. The Scottsdale-based
company expects even more activity starting in November and continuing
throughout the first of the new year when companies offer their employees
open enrollment for benefit options.
Romy Wightman,
principal of RW Benefit Communications, attributes the increase in demand
for benefit statements to rising health care costs which have urged
several employers to not only seek creative ways to provide their employees
with valuable benefits, but to also educate their employees about the
monetary value of company benefits beyond salary. Romy Wightman predicts
that this trend will continue to rise.
“Years
ago, employers didn’t feel the need to share this information with employees,”
said Wightman. “But more and more companies want to show employees exactly
what it costs to provide medical, dental, and other benefits because
the costs of these services are rising so fast.”
An improved
job market, particularly in the southwestern region of the U.S., is
also the impetus of employers providing and fully disclosing total compensation
statements to their employees. Companies divulge this information as
a means to retain talent in a restless job market, saving the company
thousands of dollars they would otherwise spend in hiring and retraining
new employees. Employers also use projected total compensation statements
as a hiring tool to entice talented candidates in a highly-competitive
job market.
“It’s not
enough to simply say you offer employees a competitive salary-plus-benefits
package,” added Wightman. “Compensation packages have become much more
complicated even over the past few years. Employees want to know the
entire value of the benefits on the table, and employers don’t mind
boasting to tell them. It’s a win-win proposition.”
Benefits
that are part of an employee’s overall compensation package include
stock options, retirement projections and participation in various investment
programs. Additional benefits that are often overlooked as part of overall
compensation include tuition reimbursement, use of a company car, safety
uniforms and eyewear, company parties, service awards and incentives.
“Many employees
don’t consider the costs a company accrues by offering lunches, company
parties, and birthday and holiday gifts,” continued Wightman. “Those
companies that offer extraordinary stock options or retirement and investment
options deserve credit for compensating employees with valuable benefits.
In turn, the employee feels more at ease accepting less salary and is
more willing to shoulder health care costs. Overall, the employee and
employer are more invested in each other for the long-term.”
About
RW Benefit Communications, LLC - RW Benefit Communications
is an employee communication company that has chosen to specialize ONLY
in total comprehensive benefit statements. The professional staff of
RW Benefit Communications has extensive national experience in all areas
of employee benefits, including technical expertise in benefit calculations
and developing formulas. Supporting companies large and small, RW Benefit
Communications has perfected the graphic and informational aspects of
their benefits statements creating the design and communication strategy
tailored to each client’s specific goals.
For more
information, visit www.benefitstatements.com
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Press
Release
RW
BENEFIT COMMUNICATIONS AND DESERT HILLS BANK ANNOUNCE SUCCESSFUL COMPLETION
OF BENEFIT STATEMENTS ROLLOUT
Phoenix,
AZ (November 16, 2004) Desert Hills Bank, a fast-growing
Arizona bank with branches in Phoenix, Prescott and soon, Sedona, turned
to RW Benefit Communications (RWBC) to communicate employee benefits
with the bank’s rapidly growing employee base.
Romy Wightman, President of RWBC states, “Our clients understand that
benefit statements are a very effective tool for employee recruitment
and retention. It is a small investment that goes a long way in ensuring
benefits are communicated, quantified and understood. Many employers
contribute as much as 20% toward an employee’s total annual compensation
package in the form of benefits and employees need to see that in black
and white in order to appreciate it.”
“RW Benefit Communications was very professional, thorough and accurate
with the information we gave them,” said M. Jean Leake, Vice President
of Administration for Desert Hills Bank. “They didn’t just lay out numbers,
they audited all the figures first to ensure 100% accuracy.”
According to a recent MetLife Employee Benefits Trend Study, roughly
two-thirds of employees say that their benefits are an important reason
they stay with their current employer (69%), are satisfied with their
job (64%), and feel strong loyalty toward their employer (64%).
“We plan to make this an annual program as it boosts employee morale
immensely and attracts new employees as well,” added Jean Leake.
About Desert Hills Bank
Desert Hills Bank is an independent community bank that opened in Arizona
in November 2000. For more information, visit www.deserthillsbank.com.
About RW Benefit Communications, LLC
RW Benefit Communications offers comprehensive hard copy or on-line
benefit statements as an integral part of a company’s employee communication
program. The professional staff at RW Benefit Communications has extensive
experience in all areas of employee benefits, and is a leading provider
of employee benefit statements for employers of all sizes. For further
information, visit www.benefitstatements.com
or contact Romy Wightman, President, at 1-800-767-3531.
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Press
Release
RW
BENEFIT COMMUNICATIONS AND BENEFIT SOFTWARE INC. SUCCESSFULLY LAUNCH
TOTALCOMP ONLINE FOR CHICAGO BASED COMPANY
(PRWEB)
May 1, 2004--RW Benefit Communications (RWBC) turned to Benefit Software
(BSI) to provide this company’s 3,000 plus employees with personalized
online benefit statements. Romy Wightman, President of RWBC states, “I
have a long standing relationship with BSI for online services due to
BSI's commitment to continually stay in the forefront of available technology.
The collective team's technical expertise, continual growth in the marketplace
and flexibility allows RWBC to provide clients with a superior product
that cannot be matched by other vendors.”
Benefit statements give employees a better understanding of their benefits.
According to the recently released MetLife 2003 Employee Benefits Trend
Study, less than one-third (32%) of today’s workers are satisfied with
the benefits provided by their employer - a decrease of nine percentage
points from one year ago.
The Benefits Manager for this Chicago based employer stated, “We realized
that employees didn’t know about and understand their benefits. They were
asking questions and they didn’t know what was offered. We have a great
benefit package and we needed to communicate it. We decided to work with
RW Benefit Communications to produce professional online statements with
the right look and feel.”
She also commented, “These online statements created a lot of positive
feedback and we’ve noticed an increase in participation for our 401(k)
and our stock purchase programs. By presenting personalized, easy to understand,
online statements in one location with interactive links to additional
information pages, we provided our employees with the tools they needed
to be more informed and better consumers of their benefits.”
The company’s positive experience confirms another finding in the MetLife
2003 Employee Benefits Trend Study; namely that among employees who are
highly satisfied with their benefits, roughly two-thirds say that their
benefits are an important reason they stay with their current employer
(69%), are satisfied with their job (64%), and feel strong loyalty toward
their employer (64%).
TotalComp Online™ is the right answer for organizations seeking an affordable,
outsourced solution to attract and retain the best employees.
About RW Benefit Communications, LLC
RW Benefit Communications (formerly RW Consulting) offers comprehensive
Benefits Statements as a way to effectively communicate employee benefits.
The professional staff at RW Benefit Communications has extensive experience
in all areas of employee benefits, and is a leading provider of employee
benefit statements for employers of all sizes. www.benefitstatements.com
About Benefit Software Inc.
Benefit Software Inc. delivers advanced software solutions that manage
benefit communications and workers compensation claims. For more information,
visit www.bsiweb.com.
For Further Information Contact:
Romy Wightman
President
RW Benefit Communications
480-767-3531
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Press
Release
RW BENEFIT COMMUNICATIONS DESIGNS BENEFIT STATEMENTS THAT COMMUNICATE
TRUE COSTS TO EMPLOYEES
By Kevin Sweeney, Benefit News
Now
more than ever, employee benefit statements play a key role in helping
to increase employee awareness of the true value of benefits and the
financial sacrifices employers make to offer them.
Just ask Desert Mountain Properties, an owner of a private golf community
in Scottsdale, Ariz. Desert Mountain wanted to educate its diverse staff
of around 700 about the total cost associated with the benefit package.
The company's consulting firm that originally crafted its benefit package
contacted RW Benefit Communications to produce benefit statements for
Desert Mountain.
"We wanted the opportunity to communicate again what benefits the employees
had available to them and the total cost of these benefits," says Shannon
Anderson, Desert Mountain Benefits Manager. "We needed a communication
tool to provide a complete picture of what we offer our employees in
order to increase retention and boost employee morale."
Desert Mountain turned to Scottsdale neighbor RW Benefit Communications,
which specializes exclusively in employee benefit statements. RW offers
statements to employers of all sizes, ranging from companies with 25
employees to 10,000. RW answered the call, crafting clear, concise multilingual
statements and delivering them to Desert Mountain workers, 48% of who
speak Spanish.
The results were immediate and positive. "A lot of our employees didn't
realize they had all of these benefits, and the statements enabled them
to see first hand the whole benefit package and exactly what it means
to them personally," Anderson says. "Each employee receives a full outline
of their benefits mailed to their home to protect confidentiality."
RW Benefit Communications notes that statements can improve morale and
boost productivity, resulting in lower costs for the employer. RW's
employee benefit statements can also impact retention. While many employees
would enjoy these benefits, it might prove difficult to find just the
right vendor to administer such a tool that caters to their individual
employees.
"So many employers would love to do employee benefit statements, but
may find it hard to form a working relationship that delivers exactly
what they want," notes Romy Wightman, founder of RW Benefit Communications.
"RW works with each individual employer to provide a unique service
that provides a true representation of the cost of benefits."
RW Benefit Communications provides statements that encompass a broad
range of benefits from medical insurance to retirement benefits to tuition
reimbursement.
Anderson notes that the arrangement with RW Benefit Communications provides
credibility, giving employees a sense that a third party is evaluating
the raw data and that Desert Mountain is not attempting to "pull the
wool over their eyes."
KMC hits the green with benefit statements
After entertaining requests for proposals and receiving bids from several
companies, Karsten Manufacturing Company (KMC), a maker of PING golf
clubs, decided to utilize RW Benefit Communications to support its need
to provide employee benefit statements. A consultant introduced KMC
to Wightman and RW Benefit Communications in March of 2001.
KMC felt that RW would best help it achieve its goal of providing an
effective and valuable tool that would communicate the true nature of
its overall benefits program.
“KMC recognizes the need to create and regularly reshape it total compensation
programs to effectively support it business operations, goals and strategies,”
maintains PING Human Resources Director, Dorothy Glueck. “To do this,
we took into consideration organizational values and culture, market
forces, technology and a host of other factors. The company felt that
an outside source who is an expert in total compensation statements
would afford the opportunity to get the design, development and implementation
of the statements done within our specified time lines.”
Though they have yet to measure financial savings from the statements,
employee gratitude is beginning to show. Glueck says that numerous employees
have contacted the KMC HR Department expressing appreciation for making
the statements available. Many of the corporation’s 1,315 workers said
they “had no idea what their total compensation package consisted of.”
Wightman anticipates the employee benefit statement client base to increase
as this era of soaring health care costs continues to be highlighted
by double-digit increases.
“Employers are seeking to realize a better level of understanding among
their employees,” she says. “Given the dramatic increases that people
have and as employee cost-sharing goes higher, employee benefit statements
can help employees understand that this is a pretty severe environment
companies are faced with. It’s also a relatively inexpensive tool to
convey the significance of the cost to the employee.”
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