Make your employee benefits investment count!
- At least 30% of the investment made by an employer into the total compensation of each employee goes towards employee benefits.
- $3,000 or more of every $10,000 of employee compensation is spent on benefits.
- If an employee is earning $26/hr, their employer is paying an additional $14/hr for benefits.
Bureau of Labor Statistics News Release on Employer Costs for Employee Compensation, December 2020
As an employer, you can effectively communicate the value of your investment by providing employee benefit statements – an all-in-one personalized view of the employee’s wages and benefits.
Professionally prepared and produced, a dynamic attractive benefit statement is one of the smartest low cost investments you will make. For a small fraction of the cost you pay for benefits, the extensive value of those benefits can be communicated to each individual employee. Mail the benefit statement to employees home addresses for additional impact with family members.
Employee investments include the obvious – and not so obvious – areas of benefits:
- Health insurance
- Life and Disability insurance
- Government programs
- Paid time off
- Reimbursements and allowances (tuition, cell phone, internet, home office, auto, shoes, uniforms)
- Service awards
- Professional memberships and dues
- Gym memberships
- Wellness programs
- Long term care insurance
- Maternity leave
Many employers provide this valuable brochure to their employees on a consistent annual basis. The statements can be produced at any point during the calendar year: some prefer just before or after open enrollment while others show a look back to the previous calendar or fiscal year.
Please contact us today for a price quote. We look forward to working with you to show your employees the full value in their compensation!