November 1, 2004

4myBenefits Unveils HR-Wizard

4myBenefits, the leading benefits communication platform on the web, today unveiled a major new addition to their services: HR-Wizard.

Today’s intricate maze of employment regulations makes HR management extremely difficult and time-consuming. Small businesses alone face up to 15 major Federal regulations, not to mention State level laws and the additional regulations larger organizations face, like COBRA and FMLA. While the internet has no shortage of good HR information, it still does not replace the traditional approach of hiring a consultant or lawyer to specifically evaluate YOUR practices…Until now. Being a user of HR-Wizard is similar to having access to an HR consultant or legal team on demand, but at a fraction of the cost.

Through a simple interface, administrators and HR professionals can assess their compliance in over 300 critical HR topics. HR-Wizard then delivers a prioritized to-do list of actions required to bring this HR policy into compliance or up to a best practice standard. Finally, HR-Wizard produces customized documentation for each identified problem at a fraction of the traditional cost. Should the client desire a template form or sample policy to address a particular problem identified through the assessment tool, they can simply download the solution. HR-Wizard is the first of a new suite of Human Resources tools and services that will be dedicated to HR functions.

"HR-Wizard is an extremely valuable new addition to 4myBenefits," said Justin Peter Vice President of Marketing of 4myBenefits. "Most small companies spend around $800 per year per employee to stay in compliance with federal and state employment regulations. HR-Wizard will dramatically reduce this cost by streamlining the evaluation and solution process. It is just one of the services that 4myBenefits has planned that is specifically aimed at providing HR professionals with innovative services that will revolutionize how they accomplish their strategic goals."

About 4myBenefits

4myBenefits, with headquarters in Cincinnati, Ohio, is a leading vendor of online benefits communication services for small to large employers. Founded in 1999, 4myBenefits has been the forerunner in developing a service-oriented business model that delivers affordable, high-tech HR and communications solutions specifically tailored to each client’s needs. Working as a single URL for employees to locate accurate benefits plan information, link to providers, financial planners and their own retirement plan information, 4myBenefits allows the small- to medium-sized employer duplicate intranet services, at a fraction of the cost of building it themselves.

Find out more at www.4mybenefits.com

www.4myBenefits.com