Archive | Retirement

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What data should you include in a benefit statement?

An employee’s total compensation goes far above just the value of their regular paycheck and incorporates some items employees rarely consider. To offer a Total Compensation Statement to employees, both direct and indirect compensation totals should be compiled. Direct compensation refers to compensation paid directly to an employee, such as the employee’s salary, bonuses, or […]

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By the Numbers: Get the most out of your employee benefit investment

What are employee benefit statements? Employers spend billions on worker benefits every year. In fact, benefits constitute 30-40% of an employee’s total compensation package. It makes sense that employers want to get the most value out of this significant investment. A recent MetLife study on Employee Benefits shows an alarming statistic: 59% of employees do […]

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Employee Benefit Statement best practices

What are some things to consider when deploying employee benefit statements in your war against employee indifference and lack of knowledge? Employees like visualization, so use charts and graphs liberally. Did you know that color content is 39% more memorable than black and white? Consider at least two methods for distributing the statement. In person […]

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