Resource helps employers cope with challenging government regulations
CHATTANOOGA, Tenn., May 13 /PRNewswire-FirstCall/ -- To help employers
deal with increasingly complex state and federal compliance issues,
UnumProvident (NYSE: UNM) will begin including a new service, HR Compliance
Solutions, with new long term disability income protection policies for small
and mid-market group customers.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030929/CHM022LOGO-a )
HR Compliance Solutions is an extensive suite of resources that offers
human resource managers a single, comprehensive guide to federal and state
regulations, employment practices and policies. HR Compliance Solutions will
be included at no additional cost in long term income protection insurance
sold beginning June 1, 2004, to UnumProvident customers with 10 to 1,999
employees.
Nearly three-quarters of today's employers consider compliance with
government regulations to be one of their greatest human resource challenges,
according to a 2003 report from LIMRA International. For small to mid-sized
employers, the challenge is compounded by limited staffing in human resource
departments and dwindling budgets.
"These human resource departments manage everything from staffing, to
payroll, to employee leave, to group benefit plans," said Mike Simonds, vice
president of core market development for UnumProvident. "HR Compliance
Solutions is a tremendous resource ... it is like adding a virtual compliance
expert to the staff."
With HR Compliance Solutions, UnumProvident customers receive access to an
online HR reference system for federal employment laws and compliance
information for all 50 states, a professionally staffed helpline and weekly
legislative updates. Purchased separately, similar services come with a
typical price tag as high as $1,200 annually, according to Ceridian, a leading
provider of these services.
"HR Compliance Solutions is just the latest example of UnumProvident
putting our leadership to work for our customers," Simonds said. "Our group
long term disability offering also includes a truly outstanding work-life
balance employee assistance program and world wide travel assistance. We are
focused on bringing affordable big business benefits to our valued small and
mid-sized customers."
UnumProvident continues to lead the disability income protection insurance
industry with innovative products and solutions for its customers. HR
Compliance Solutions is provided to UnumProvident customers through its
relationship with Ceridian, a leader in managed business solutions that
maximize the value of people.
For more information about long term disability income protection from
UnumProvident, visit www.unumprovident.com .
About UnumProvident
UnumProvident (UNM) is the largest provider of group and individual
disability income protection insurance in North America. Through its
subsidiaries, UnumProvident Corporation insures more than 25 million people
and paid $5.7 billion in total benefits to customers in 2003. With primary
offices in Chattanooga, Tenn., and Portland, Maine, the company employs more
than 13,000 people worldwide. For more information,
visit www.unumprovident.com .
UnumProvident is the brand name of UnumProvident Corporation's insuring
subsidiaries.
SOURCE UnumProvident Corporation
-0- 05/13/2004
/CONTACT: Mary Clarke Guenther of UnumProvident Corporation,
+1-423-294-6300, or mguenther@unumprovident.com /
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030929/CHM022LOGO-a
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com/
/Web site: www.unumprovident.com /
(UNM)
CO: UnumProvident Corporation
ST: Tennessee
IN: FIN INS
SU: PDT
MM-JK
-- CLTH057 --
7690 05/13/200413:34 EDThttp://www.prnewswire.com