Archive | From Our Newsletter

Information from our newsletter

total compensation statements

Total compensation and why you should care

Total Compensation can be defined as all of the resources available to employees, which are used by the employer to attract, motivate and retain employees.  Emphasizing everything your organization is offering your employees is the a great way to attract, motivate and retain the best talent.  Retaining top talent can be as simple as communicating […]

Continue Reading
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 […]

Continue Reading
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 […]

Continue Reading
successful benefit statement planning

Realities of Workers Nearing Retirement Age

According to a 2013 survey by the Employee Benefit Research Institute, researchers say that the current generation reaching retirement was told that retirement would be wildly rewarding. They believed they would only have to work until age 65, retire happy and live in financial comfort. However, the reality of shortfalls in financial planning has them […]

Continue Reading 0
building where IRS regulations and rates are made

IRS Announces More Generous Retirement Contribution Limits for 2015

When building a total compensation statement or benefit statement, it’s important to include annual retirement contribution limits. Not only does it help employees understand their options, it can also serve as a reminder of available retirement plan options and changes. These days, it’s pretty rare that taxpayers get a break. But they’re getting one for […]

Continue Reading 0
Healthcare costs

Prepare employees to take control of their health and wellness by communicating

According to a recent study, 47% of employers say they probably or definitely will switch to a defined contribution type of health care plan. Although the majority of employees don’t want to take more responsibility for their medical insurance, the research shows it seems to be trending in that direction. A lot of workers are relying […]

Continue Reading
learn more about benefit statements & total compensation statements

Educate Employees About Health Care Plans Through Employee Benefit Statements

The jargon used to describe employee benefits can be confusing. A recent study conducted by the Kaiser Foundation Research Institute found that less than 1 in 5 participants in a high deductible health plan (HDHP) understand that preventative office visits are exempt from their deductible. Only 1 in 10 understand preventative tests also are exempt from their […]

Continue Reading
employee benefit statement public relations smilley face

Employee Benefit Statements – Helping to Make Every Employee a Positive PR Rep

Make Every Employee a Positive Public Relations Representative Employee attitudes and opinions revolve primarily around four pillars: communication, culture, compensation and commitment. While these four pillars work together to shape the attitudes and opinions of employees, communication by itself can have a profound influence on employee perceptions of culture and compensation and ultimately decide one’s […]

Continue Reading