According to a recent report from the Society for Human Resource Management (SHRM), employees consider benefits and job security as the two most important factors that contribute to their overall job satisfaction. This marks the fourth time in as many years that these two factors topped the SHRM's annual Employee Job Satisfaction survey.

Employers who want to see their employees’ job satisfaction increase should consider providing informative communication regarding the benefits package they offer and the personalized cost value of those benefits. Employee benefit statements often include a personalized letter from top management which may be used to communicate a sense of security regarding the stability of the company and employees’ jobs.

The survey also polled HR professionals on their thoughts about job satisfaction, and found similar results. HR professionals agreed with the employee population on the value of job security, positioning it as their second most important factor. An astonishing 72% of the HR population polled, selected the employee-supervisor relationship as the most important factor effecting job satisfaction, ranking number one in the survey for the seventh time in the last eight years. In comparison, only 48% of employees polled selected "relationship with supervisor” as an important factor, ranking it seventh on the list.

The 2010 survey was made up of 25 elements spread across four categories, and included factors regarding wages, benefits, work environment, and advancement opportunities, among others. To ensure the validity of the survey's results, the SHRM polled a wide sample of over 600 employees and 589 HR professionals, all from the United States.

This year's survey had other interesting results. Employee compensation fell to its lowest rank ever this year, coming in at fifth on the employees' poll. Last year, compensation fell out of the top five rankings for HR professionals, and this year it was listed as the ninth biggest contributor to job satisfaction.

Besides job security, employees and HR professionals appear to agree that having opportunities to utilize skills/abilities while at work contributes to overall satisfaction. It is the third consecutive year this factor has ranked in the top five in both surveys, with employees placing more emphasis on this choice in 2010 than in previous years.

SHRM included a new choice in this year's survey that received a lot of attention from both sides of the table. For the first time in the survey's history, participants could select "organization's financial stability” as a key contributor to job satisfaction, receiving enough selections to rank fourth on both surveys.

As for employee benefits, a secondary survey revealed that health care coverage was the most important benefit, followed closely by paid time off. Despite the amount of significance employees' place on benefits, only 38% of employees polled felt "very satisfied” with their current medical benefits. Conversely, the majority of employees were very satisfied by the amount of paid time off being received.

Some employers are concerned about how health care reform could affect the benefits they offer, which could also affect job satisfaction. On the brighter side, this year's employee survey showed that "the work itself” was selected enough to tie for fourth, pointing out that satisfaction does not only come in the form of paychecks and paid vacations.

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Portfolio format statements are:

Easy to read
Fully customized
Large format
More area for charts and graphs
Full-color
Reinforce corporate identity

Dimensions:

8.5” x 11” pages (unfolded 11” X 17”)

Get a Free Quote

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Multi-page formats are:

• Easy to read
• More area for charts and graphs
• Full-color
• Reinforce corporate identity
• Customized

Dimensions:

• 8.5” x 11” pages (unfolded 11” X 17”)
• 8.5" x 7" pages (unfolded 8.5" x 14")

Value format:

• Easy to read
• Simple format
• Pre-set pie chart
• Pre-set lines of compensation
• Pre-set colors and design
• Full-color double-sided printing
• Lowest price

Dimensions:

• 8.5” x 11” single page (bi-fold)

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Standard format statements are:

• Easy to read
• Simplified format
• Two-sided
• Full-color
• Customized
• Lower cost option

Dimensions

• Unfolded 8.5” X 11” or 8.5” x 14”

Folding Options:

• No fold
• Bi-fold
• Tri-fold

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10. Clearly Communicate with Employees

• Customization…for your company, using your logo, colors and images; Personalized…to each individual employee.
• Attractive design…which draws your employees’ eyes and attention to their statement—making them want to read it!
• Easy to understand format…striving for clear, concise communication.
• Employee communication…saturating your total compensation statements with important personalized data critical to each employee.
• Charts, graphs and pictures…focusing your employees’ attention on key company strengths and clarifying comparisons.
• Accurate data…we work with you to provide an accurate presentation of each employee’s total compensation package.
• Timeliness…delivering benefit statements to your employees when the communication of total compensation is most effective.

We are committed to each individual employer—to be personable, responsive, and to earn your confidence as we work together producing your employee benefit statements.

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BusinessPlans, Inc. (BPI) – myBenefitStatements is a dynamic organization committed to providing innovative solutions to your employee benefit statement needs. We offer a range of benefit statement services dedicated to a two-fold goal of delivering quality, cost-effective employee benefit statements coupled with hassle-free benefit statement project management for our clients.

myBenefitStatements has been providing hassle-free employee benefit statement services for over two decades, so this is nothing new to us. In 2003 we launched our user-friendly myBenefitStatements.com web site. Essentially, we’ve created an online resource center to provide the solution to your benefit statement needs.

Our services are designed to help you maximize the value of your employee benefits program. Our experience assures you of superior service in the design, testing, implementation, and delivery of your custom employee benefit statements – giving you what you need, on time and right the first time or we’ll keep working until you are 100% satisfied.

Our Vision
myBenefitStatements will be recognized as the leader in providing customized employee benefit statement services through superior service to help businesses achieve strategic success and maximize the effectiveness of their benefits program.

Our Approach
myBenefitStatements believes that employee benefit statements should be designed for the needs of each individual company. A custom benefit statement should reflect a definite purpose – not design by accident. Our unique approach involves the following process:

• Discovery – determining goals, needs and resources
• Design – structuring a layout based on each company’s unique characteristics
• Implementation – collecting data, performing calculations and providing proof sample statements for approval before printing and delivering
• Service – day-to-day administration of programs and company assistance

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When they compared the results with the previous survey, they saw a significant increase in employee satisfaction with their benefits. In fact, they described the increase as “off the charts!”

Our client believes that a contributing factor to this huge growth in their employees' perception of their benefits is employee benefit statements.

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Employers are spending hundreds of thousands of dollars on benefits, but their employees aren’t grasping the value of these benefits.

Total compensation statements show employees the full value of their compensation and can be a highly effective communication tool.

Contact us today for a printed supply of  “9 Ways Benefit Statements Can Help!”, a brochure that shows your clients how benefit statements can work for them. Call (800) 865-4485 or email info@myBenefitStatements.com.

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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.

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• Treat your clients to benefit statements as a value-added feature.
• Provide myBenefitStatements services to your clients, sharing the cost or allowing them to pay our reasonable fees.
• Add your premium to our low-cost services for increased revenue for your company.

Take a look our sample statements and then request a customized employee benefit statements quote.

myBenefitStatements has been assisting employers and broker/agents for over twenty years with their benefit statement needs. We are committed to customer satisfaction and our goal is to create a long-term relationship to help you strategically be more successful.

Contact us to discover more about providing this value added benefit statement service for your clients.

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Will their employees leave because of a slightly higher wage offered elsewhere, accepting an inferior benefits package because they don’t know the value of the benefits they already receive?

Offering your clients customized benefit statements through myBenefitStatements will help your clients educate their employees to the true cost they’re paying for fringe benefits.

You can provide your employer groups with personalized employee benefit statements, which will:

• Improve morale
• Decrease pressure for higher wages
• Impact their bottom line

Therefore, you can see this is a win-win situation for everyone!

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1. Printed employee benefit statements are simple to use and easy to understand for all employees.
2. Employees see high value in a full color heavy-weight paper statement they can hold in their hands.
3. A hard copy statement arriving in the mail makes a unique and significant impact.
4. A printed statement provides an easy to read summary the employee can readily show to family members.
5. A quality full color statement is likely to be viewed more than once. Many employees save their statements from year to year.
6. Printed total compensation statements provide an increased level of confidentiality as each is delivered via the mail service or in person to the employee in a security envelope.

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