Total Compensation Statements
Studies show that compensation is a major factor in how employees feel about where they work. Employees often have no idea of the cost of company-provided benefits until you tell them. The most effective way to communicate the value of your benefits package is with a total compensation statement.
Our total compensation statements are custom-designed for your company, your employees, and your unique situation. We listen carefully to discover what makes your company and benefits package unique, then we help you develop the right combination of text and graphics to show off the value of your benefits.
Benefits of total compensation statements:
- Recruitment
Sample statements allow HR to emphasize the dollar value of benefits and perks – a competitive advantage in recruiting top candidates.
- Increased Morale
A realization of what it costs to provide benefits will increase employees’ appreciation, motivation, and commitment.
- Salary Negotiations
Benefits and perks are a major factor in determining total compensation and employee satisfaction.
- Reduced Turnover
Total compensation statements remind employees and their spouses that you offer an excellent and comprehensive compensation package.
More features:
- Statements are custom-designed for your company, incorporating your company logo and graphics.
- Statements are mailed to employees at home, ensuring that spouses are also informed about benefits and their value.
- Our benefits reporting lets management know exactly where benefit dollars are being spent and how your company stacks up against other companies in your industry. It’s a valuable tool that can assist management in providing a competitive benefit package while keeping costs under control.