Software Firm Offers Free Total Comp Statements

December 4, 2006 ( - TotalRewards Software, Inc. has launched an advertising-supported, on-demand application that allows small- and medium-sized businesses to create total compensation statements for their employees at no cost.

According to the firm’s announcement,, located at , is available 24 hours a day, seven days a week from any location with no software to install or updates to download. Employers can create personalized statements showing employees the full value of their benefits plus pay.

A premium, advertisement-free subscription is also available starting at $50 a month, the announcement said. The subscription features the ability to upload employee data via an Excel template, company branding through the Style Editor, additional cash compensation and benefit programs, as well as a free, multi-page online total compensation statement (the Enterprise Edition). Professional implementation and data management services are also available.

“Promoting the value of total compensation results in improved employee morale, increased employee productivity and the retention of top employee talent,” said Ray O’Donnell, President of TotalRewards Software, Inc., in the announcement.