Backstitch, a Serra Capital III SBIC company, and a leader in digital solutions for HR teams, announced the public launch of TRS Express. This new software solution provides small to mid-sized employers with a cost-effective way to independently create comprehensive total compensation and total rewards statements. TRS Express simplifies the process, making it easier to communicate the full value of compensation and benefits packages.

"In recent years, the dynamics between employees and employers have shifted dramatically, underscored by trends like the Great Resignation and the ongoing Great Detachment, with job-seeking boards experiencing the highest activity since 2015. Despite companies investing heavily in robust benefits and incentives, many employees still do not fully understand the complete value of their package. This lack of awareness can lead them to consider, and sometimes accept, offers that are objectively less competitive," commented Jordan Warzecha, CEO of Backstitch. "Our extensive experience working with Fortune 500 companies, global employers, and top brands has deepened our expertise in communicating total rewards effectively. Recognizing that smaller companies face similar challenges in articulating their value propositions, we developed TRS Express. This solution empowers smaller employers to more effectively compete for top talent."

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