how to calculate total compensation for a benefit statement Related posts: Total compensation and why you should care What is a Total Compensation Statement? When is the best time to provide total compensation statements to employees?
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Video communication. Back view of a young man who communicates by video communication with his employees, he greets them waving his right hand. Distant communication. Work from home Your employees have been working offsite most of this year, so viewing their level of engagement from a distance is challenging. Those working onsite are distracted by […]
Simply put, a Total Compensation Statement is a document that itemizes the investment an employer makes in their employees. It is a statement of the “hidden paycheck” that an employee doesn’t necessarily see on a check stub every pay period. It is the culmination of wages and benefits neatly and creatively communicated to demonstrate the […]
Employee Benefits Concept. The meeting at the white office table. Hiring and retaining quality employees is every employer’s goal. However, in today’s competitive job markets, it’s easier said than done. According to a study by Glassdoor, benefits are one of the top pieces of information job seekers look for when researching a company and 48% […]
There are few benefits quite as impactful as a solid retirement program, and increasing participation in your company retirement program is a common goal for many employers. Not only is a solid retirement program an enticing benefit to employees, but it also contributes to the satisfaction and secruity of your staff. Employees want to know […]
Here are our top five reasons why you should opt for employee benefit statements. By teaming up with myBenefitStatements, employers are better able to communicate the big picture of their employees pay and benefits—also known as the “hidden paycheck.” Informative & Eye OpeningOur statements are arranged in an easy-to-read format that allows employees to accurately […]
Are you weighing your options? Here’s a look at our experience: Employees see high value in a full color heavy-weight paper statement they can hold in their hands.A printed statement provides an easy to read summary which the employee can readily show to family members.While most financial reports and billing statements are going online, a […]
The way you communicate with employees is often the difference between a great workplace and one that struggles. Decreased efficiency, unhappy employees and high turnover rates will most certainly follow communication breakdowns. Here are some tips that can transform your workplace into a well-oiled machine: 1. Be genuine Don’t try to hide your differences or […]
Total Compensation: all of the resources available to employees, used by the employer to attract, motivate and retain employees. Emphasizing everything your organization is offering your employees is a great way to attract, motivate and retain the best talent. Most employees tend to underestimate the value of their benefits and perks. You can change that […]
As people live and work longer than ever before, organizations are now made up of employees from very different generations. Since each generation grew up in vastly different environments, the workforce is composed of wide-ranging value sets, communication styles and personal needs. This means that the intricacies of workplace communication – what we say and […]