SAN FRANCISCO, Oct. 19, 2015 /PRNewswire/ -- Thomsons Online Benefits, the SaaS provider of global benefits and employee engagement software, today unveiled DarwinTM Analytics Centre to enable HR professionals to get a single source of truth for their benefits data. According to Thomsons' 2015 Global Employee Benefits Watch, 48% of businesses worldwide are struggling to report globally on their workforces, in part due to disparate data streams and legacy systems. Thomsons is addressing this issue directly with its new analytics solution, which will be unveiled publicly for the first time this week at the HR Tech Conference & Expo, taking place October 18-21 in Las Vegas.
Developed in conjunction with Birst, the global leader in Cloud BI and Analytics, Darwin Analytics Centre offers insight, trend analysis and correlations to measure the effectiveness of a company's reward scheme. HR managers can instantly see global, regional, or local benefits data displayed directly on the dashboard, enabling them to see the value that different employee demographics hold on specific benefits and use this information to attract and retain talent accordingly.
When it comes to assessing the value of global benefits spend, decision makers in global enterprises are often driving blindly. Darwin™ Analytics Centre was created to give them the information and analysis they need to quickly and effectively make and communicate changes on a global or regional scale. Metrics which can be analyzed include drivers of engagement, benefit take-up rates, total benefit spend and cost trends, risk and liability information, and much more – giving companies a powerful measurement tool and ultimately, drive growth of the entire business. It enables the HR department to deliver strategic insights back to the board, which can prove a Return on Investment for their benefits packages and helps to direct talent strategy.
"An effective HR software solution should be personalized, captivating and most importantly – be able to play a strategic role in the overall business," said Brenden Mielke, Director of Product Management at Thomsons Online Benefits. "Darwin Analytics Centre meets all of these criteria, finally closing the gap between a company's output on employee benefits and how it is impacting the business overall. We are proud to add it to the Darwin platform."
"Having insight into how employees are responding to investment in benefits is a great example of how HR departments can make use of analytics to improve their approaches over time," said Richard Neale, Director, EMEA at Birst. "Darwin Analytics Centre is powered by Birst's Networked BI capabilities and adaptive user experience to provide that greater level of insight for everyone across the HR organization."
For more information on how to improve your company's global benefits strategy, contact Thomsons at https://www.thomsons.com/contact. To download the 2015 Global Benefits Watch report visit: https://www.thomsons.com/resources/research/2015-global-employee-benefits-watch.
About Thomsons Online Benefits
Thomsons is the global benefits software business. Our software, Darwin™, is the leading, global platform delivering end-to-end, automated, employee benefits administration. It connects employees with their benefits throughout their lives, in over 73 countries and 22 languages, and is used by the world's leading employers including seven of the top ten technology companies and six of the top financial services companies For more information, please visit: http://www.thomsons.com.
There are six Darwin™ editions available:
By using the right combination of editions for each employer, Darwin™ provides a tailored solution to meet a variety of employee benefit and reward needs including employee engagement, managing risk, controlling costs and streamlining benefits administration.
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SOURCE Thomsons Online Benefits