Total Reward Statements

A Total Reward Statement is designed to make your employees aware of their full value to your organization. You won’t maximize the value to your organization of your company’s benefits package if staff are unaware of its worth to them. The statement sets out the overall value of their financial rewards including base pay, incentives and employee benefits. It can be personalized for individuals and can highlight less tangible benefits such as gym membership, learning and development programs and flexible working.

Using the Total Reward Statement can set you apart from competitors by raising employee awareness and appreciation of the benefits they receive in addition to their salary. A well-communicated plan can help motivate staff and foster loyalty increasing the value to your organization from the benefits packages you finance. Furthermore, being an online self service system Total Reward Statements can also help reduce HR costs.

 

Site Map

Private client login



Login will place a cookie in your browser: find out more.