Archive | Employee Communications

SO…WHAT’S AN EMPLOYEE BENEFIT STATEMENT?

SO…WHAT’S AN EMPLOYEE BENEFIT STATEMENT?  Sometimes referred to as total compensation statements, hidden paycheck statements, or total rewards statements, an employee benefit statement is a communication piece that shows each employee the total value of their compensation package. An effective benefit statement should be simple, clear, dynamic, and personalized for each employee.  It should tell […]

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Total Compensation Statements: mail out, handout, or online distribution?

Total Compensation Statements: mail out, handout, or online distribution? If you are distributing total compensation statements to your employees by only one method, we recommend mailing to home addresses: There is greater opportunity for the spouse to see the statement if it arrives in the home mail box. They are often involved in the family […]

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Employee Benefits Education – a benefit statement is the key!

Employee Benefits Education – a benefit statement is the key! Many companies these days provide numerous perks and benefits for their employees, unfortunately, a lot of employees may not understand or appreciate the full value of these benefits. One of the best ways to communicate the importance of the benefits available to them is through […]

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Business accounting

The Real Cost of Employee Turnover – and how to avoid it!

There are a number of factors that contribute to the cost of replacing an employee. Here are just a few: Overtime – for other employees and temporary staffing Advertising – search agency fees Time – sifting through resumes, interviewing, making contacts, arranging meetings, coordinating schedules Evaluation – background checks and testing, certifications Training – lost […]

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Business accounting

The Many “Benefits” of Benefit Statements

Whether you’re an expert or new to providing Benefit Statements, do you really know the full value that Benefit Statements provide? Benefit Statements are more than a document with dollar values capturing that “bigger picture.” Benefit Statements can be used to help employees understand more about their benefits, emphasize what benefits are available, and much […]

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Business accounting

Total Compensation Statements – Best Practices for Data Submission

Total Compensation Statements – Best Practices for Data Submission A frequently asked question is, “how should I send you my data?” Here are some guidelines to assure accuracy and smooth transition. Most vendors prefer to receive your data in an Excel or CSV file. To avoid transcription errors, hand enter data only when necessary, then […]

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multi-generaltion group of business people

Employee Benefit Statements – What are you missing?

Employee Benefit Statements – What are you missing? Employee Benefit Statements are absolutely vital to your organization’s communication strategy! Benefit Statements show the full value of employee compensation. Providing your employees with Total Compensation Statements allows you to tap into the myriad ways in which you support and enrich the lives of your employees. It’s […]

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total compensation statements

What Should be Included in a Total Compensation Statement?

What Should be Included in a Total Compensation Statement? Whether you’re looking to improve your employee retention or simply trying to show the value of your benefits package, everyone needs to consider the following information when creating Total Compensation Statements. Total Compensation Statements are designed to show employees how important they are to their organization […]

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multi-generaltion group of business people

Benefits Matter: Five reasons you should provide personalized benefit statements for your employees

Benefits Matter: FIVE reasons you should provide personalized benefit statements for your employees According to the Aflac WorkForces Report, 79% of workers say they would be less likely to leave their job if they had a well-communicated benefits program. By teaming up with myBenefitStatements, employers are better able to communicate the big picture of their […]

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