"Do our employees understand the full value of their compensation?"
Employees often think that the final amount on their paycheck is the total amount of money they are receiving from your company. But we know employees receive a significant amount of additional cash in the form of benefit plans, insurance programs, retirement savings, and government mandated programs. They also receive additional non-cash contributions including allocated time off and saved tax dollars through retirement plans and flexible spending accounts.
Our approach to total compensation statements is highly customized, where we produce simple statements or more comprehensive charts, company graphics, and benefit details.
Our process includes:
Customization of the graphic layout to reflect your brand and your culture
Detail of all company contributions
Downloading of payroll reports to populate the statements
Complete printing and mailing services to ensure a turnkey project from start to finish
HRadvantage can create total compensation statements that provide a compelling message to employees about the full value of their compensation and benefits.
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