Employee Benefit Statements | Total Compensation Statements

— Companies join forces to provide expanded benefit administration and communication services — Miamisburg, OH — July 6, 2020 — BusinessPlans, Inc., a trusted provider of  pre-tax benefits such as FSAs, HRAs, HSAs, and COBRA administration  announces its partnership with Navia Benefit Solutions, a nationwide consumer-directed benefits provider of health, life, and compliance solutions. The partnership […]

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 […]

Does your company have a brand image? It should. Your company brand tells your clients a story about you. It showcases who you are and what you represent and how you are different from your competitors. Corporate branding adds value to your product or service. It reminds your client about your service or product and […]

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 […]

How to Make Happy Employees! Employee satisfaction is important to motivation, retention, and productivity. Employers sometimes struggle with maintaining employee satisfaction. Those who fail to improve job satisfaction are at risk of losing their top talented people to the competition. Employers who maximize the potential, creativity, and talents of all employees enjoy a competitive advantage […]

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 […]

Four Suggestions for Better Employee Engagement “If a person is looking forward to the weekend too much … they’re in the wrong job!” That was the response I received from a co-worker today (Friday) when I greeted her with, “are you looking forward to the weekend?” I’ve been working with employees for 20+ years and […]

Making the Most of Your Millennial Employees Millennials make up about 50% of today’s employees and are slowly taking over the workforce. Millennials are generally identified as those currently in their 20’s or early 30’s. Employers are beginning to ask themselves, how do we make the most of what some refer to as the “Entitlement […]