Compensation and benefits. (What's New).

Watson Wyatt has announced a new web-based tool that allows employers to provide their employees immediate access to their personal compensation and benefits data. The web-based service is called eStatement and, with a username and password, employees can sign on through the Internet and find

all their compensation and benefits data. The eStatement service can draw employee compensation and benefits data from multiple sources from the employer and benefit providers. It then compiles the data for each employee's compensation, retirement, health and welfare, security, and work/family benefits and creates a user-friendly display of the personalized data and targeted communication.

ProAct Technologies Corp. recently developed and released a new and affordable solution for one of the most difficult challenges human resource departments face: delivering accurate summary plan descriptions (SPDs) of benefits programs to employees. The new software tool is called ProAct SPD Communicator and is designed to provide a centralized database that helps companies to create, manage and deliver up-to-date SPDs in both online and printed forms. The new software is designed to minimize the costs and risks of communicating plan descriptions by providing a computer-based solution that will create, maintain, review and deliver required SPDs automatically to your workforce. The new software also accepts an employer's existing SPD content "as is" through easy-to-use import and download capabilities-unlike other software packages that require content to be input manually.