Clearly Communicate with Employees

Categories - Employers, Employers, Why myBenefitStatements?

Over 50% of your workforce don’t understand all the benefits offered and the value of their total compensation (wages + benefits)! You can use benefit statements as a effective employee communication tool.

Employee communication is critical. You can communicate the value of your benefits program through attractive and affordable benefit statements showing your employee the value of their total compensation in an easy-to-understand format.

Your customized employee benefit statements can be presented in a 1-page, newsletter style or tri-fold format. Whatever your needs – myBenefitStatements has the solution!

Open enrollment election and confirmation forms are also available.

How many employees did you replace last year?

Categories - Employers, Why myBenefitStatements?

According to HR professionals the cost of replacing an employee is conservatively estimated at 26.8% their annual salary. (It costs your company $8,040 to replace an employee earning $30,000!)

–2005/2006 Employee Job Satisfaction and Retention Survey from Salary.com

How many employees did you replace last year? You do the math and then compare the replacement cost with the fee for total compensation statements.

The typical employer can provide a total compensation statement for every employee at a fraction of the cost of replacing just one employee! Why wouldn’t you use benefit statements?

Check out samples of our benefit statements or request a benefit statement services quote.

Having talent retention issues?

Categories - Employers, Employers, Why myBenefitStatements?

If you’re having problems:

• Attracting new employees
• Communicating total compensation to your employees
• Improving employee morale
• Reducing employee turnover
• Retaining the best employees (employee retention)
• Providing additional benefits at low cost to your employees

Then benefit statements are right for you! You’re spending many thousands of dollars providing your employees with statutory and fringe benefits – shouldn’t you be getting your money’s worth?