HR Execs Define New Ways of Reducing Costs at HighRoads' Fourth Annual Customer Summit

Business Wire,  June 23, 2008  

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Presentations from IBM, Kraft, Staples and Texas Instruments Detail How Data-Driven Decisions Dramatically Reduce Employee Benefit Spend

BOSTON -- HighRoads announces a powerful line-up of presentations for its fourth annual Customer Summit this week: Human resource (HR) leaders from IBM, Kraft, Staples and Texas Instruments will share how their teams make decisions to attract and retain a top workforce and drive multi-million dollar savings with current, accurate and actionable data.

Amidst the pressures of unrelenting health and welfare benefit cost increases and the maturity of technology-based automation and benchmarking solutions, HighRoads' customers are demonstrating the new way to manage HR plans and suppliers. By automating HR plan and supplier management, these progressive employers free HR teams from time-consuming manual tasks, spend less with consultants, achieve compliance and make fact-based decisions armed with competitive insight.

Speakers will present case studies showing dramatic reductions in HR consulting spend and plan-related costs through increased visibility to comprehensive, real-time data. Sessions include:

* Centralizing Global Data to Make Better Decisions: A Kraft Case Study

* Implementing New Benefits Management: How IBM Slashed HR Consulting Spend

* The Devil Is in the Details: How HighRoads' SPD Solution Repairs a Broken Process

"The traditional -- and expensive -- ways of managing HR plans and suppliers in 'good faith' is a luxury companies can no longer afford," said Paul R. Daoust, chairman and CEO of HighRoads. "We're pleased to bring together the world's most forward-thinking employers to exchange strategies and techniques proven to reduce HR plan costs through real-time benchmarking data and automation."

In addition to presenting companies, attendees will include representatives from The Boeing Company, Federal Express, General Dynamics, Lockheed Martin Corporation, Owens Corning, SPX and United Technologies Corporation (UTC).

In the past twelve months, HighRoads has won 18 new Fortune 500 clients reflecting the growing demand for its information-driven solutions that simplify HR program management - by streamlining plan procurement and renewals, bringing summary plan descriptions (SPDs) into compliance, and proactively managing vendor performance. This year HighRoads launched the industry's first real-time benefits benchmarking service giving employers year round access to peers' benefits plans and costs.

The 2008 HighRoads Customer Summit will take place June 23 - 25 at the Ritz Carlton Atlanta. For more information, visit www.highroadscustomersummit.com.

About HighRoads

HighRoads, Inc. (www.HighRoads.com), is the only company providing employers year round access to real-time, unbiased benchmarking data for HR plans and pricing for complete market visibility. HighRoads HR managed service aggregates HR plan and supplier information into a central repository, dynamically fueling its real-time benchmarking tool, The Lab(TM), while automating the entire HR supplier management process. HighRoads has automated HR processes for more than 100 Fortune 500 employers along with 700 of their vendors, consultants and outsourced administrators. Clients include some of the world's largest companies, such as General Dynamics, Honeywell, IBM, Kraft, Staples and Textron. Founded in 1999, HighRoads is a privately held company headquartered in Woburn, Mass.

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