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Here's a definition for benefit statements
Benefit Statement, n. - A document showing an employee's total compensation, including all cash income and the value of all benefits; syn. - total compensation statement; hidden paycheck; employee benefit statement.
How do you use a total compensation and employee benefit statement?
What is myBenefitStatements all about?We develop communication tools to help you show your employees the full value of their benefits and cash compensation. We produce high quality, personalized total compensation and employee benefit statements for hundreds of employers and thousands of employees each and every year. myBenefitStatements is all about creating employee benefit statements that are:
- Customized - using your logo, colors and images
- Personalized - for each individual employee
- Attractive - designs that draw your employees' eyes and attention to their statement - making them want to read it
- Easy to understand - clear, concise and easy to follow format
- Valuable - charts, graphs and images focus your employees' attention on key company strengths and clarify comparisons
- Accurate - working with you to provide an accurate presentation of each employee's total compensation package
- Timely - you set the target delivery date; we work together to meet it
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More information from our newsletter about benefit and total compensation statements!
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 […]
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 […]
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 […]
Save Money with a Wellness Program These days employees seem to be under more stress than ever. With having to juggle homes, families, finances and careers, this stress is essentially taking its toll on Americans’ health and well-being. High blood pressure, high cholesterol, and high blood sugar levels are all risk factors for chronic health […]
Cafeteria Plans: What’s on your benefit menu? An attractive and comprehensive benefit menu is an invaluable aid to your company. Not only does it increase employee satisfaction and improve productivity, but it can also decrease hiring and training costs by lowering turnover and building company loyalty. A Section 125 Cafeteria Plan is an employee benefit […]
What Our Clients Have to Say!
“Once again, I’m impressed with the great customer service of your company! Also, I appreciate the effort that goes into making sure all the receipts and documentation will [withstand] IRS scrutiny. Thanks!”
Participant manufacturing company
“Professional, knowledgeable staff, willing to do whatever we needed. I appreciate their cooperation and speedy responses… It was a lot easier than I thought it would be.”
Administrative Services Director, healthcare facility in Pennsylvania
“I like the statement; it provided a clear understanding of my total compensation. It’s the most valuable information I have ever received from the company.”
“Our benefit statements specialist is responsive, timely, follows up when necessary and very professional. I am pleased with his service.”
HR Generalist, Los Angeles, CA
“Based on internal feedback, providing benefit statements was indeed a strategic decision and will certainly help all level of employees put current compensation in a more enlightened perspective.”
Director of HR in Washington, DC