What Smart Employers Understand About Total Rewards Statements
Summer is when we start to get calls from prospective clients thinking about sending total rewards statements either before the end of the year or beginning to plan ahead for sending statements in the first quarter of next year. Why are these organizations thinking about total rewards statements? Because while specific goals and priorities may…
Leverage the Power of Print to Communicate Total Rewards
What’s the best format for a total rewards statement – print or digital? There’s not necessarily one answer that applies to every organization. After all, a fully remote team of people who spend their days glued to their laptops has different needs than a company where the majority of employees are on a factory floor….
Unlock the Power of Employee Benefits Through Better Communications
The recently released 2025 Workplace Benefits Report put out by Bank of America paints a mixed picture of how effectively organizations are supporting employees in achieving their personal financial goals. The study focuses largely on financial wellness (not a surprise given the sponsor of the study) and provides a lot of data on how employee…
Total Rewards Statements in the Virtual Work Era: More Important Than Ever
Key Takeaways: Total rewards statements are essential in helping remote and hybrid employees understand the full scope of their compensation, improving satisfaction and trust. Transparent communications about employee benefits, wellness support, and performance incentives enhance employee engagement in a virtual work environment. Companies that prioritize total rewards communications are more likely to retain talent, promote engagement, and…
Total Rewards Statements Influence Company Culture: Here’s How
Key Takeaways: Total rewards statements offer a unified view of compensation, strengthening company culture by promoting transparency and trust. A clear understanding of total rewards aligns employees with company values, fostering a culture of appreciation and respect. Well-communicated total rewards statements drive higher engagement, satisfaction, and loyalty, creating a more cohesive and productive work environment….
Total Compensation: Why It’s Key to Attracting and Retaining Talent
The U.S. labor market remains strong, which means that employers continue to compete for talent. At the same time, companies do not want to pay more than they have to in order to bring on new employees (and retain their current employees). How can employers attract and retain top talent without breaking the bank? Organizations…
Employers Continue to Absorb Rising Health Insurance Costs
KFF recently issued its 2024 Employer Health Survey and – to the surprise of nobody – found that annual premiums for employer-provided health insurance shot up yet again in the past year, rising 7%. What is interesting, however, is that the share paid by workers was little changed; in fact, according to KFF, the premiums…
How to Create Meaningful and Comprehensive Total Rewards Statements
Key Takeaways: Understand the Purpose: A total rewards statement helps employees understand the complete value of their compensation, beyond their salary. Include All Components: Cover base salary, bonuses, benefits, and non-monetary rewards. Be Thorough and Transparent: Use straightforward language and provide detailed explanations for each component. Personalization: Tailor each statement to reflect the individual employee’s…
4 Trends in HR that Highlight the Importance of Total Rewards Stories
Key takeaways: Employees increasingly expect comprehensive total rewards packages that go beyond basic salary, requiring employers to clearly communicate their total rewards stories to their teams. There’s a growing demand for customized rewards statements that reflect individual needs and benefits, helping employees understand how their benefits align with their personal and professional goals. Transparent total…
Putting People First: Taking a Personal Approach to Total Comp Statements
Key takeaways: Personalized Design: RewardsFocus offers custom-designed total comp statements tailored to reflect your company’s culture and values, ensuring clarity and engagement. Expert Collaboration: Work directly with seasoned HR and data analysis professionals to create total comp statements that align with your specific objectives and branding. Enhanced Communication: Our approach to both content and design…