Are Your Employees Thankful for Benefits?
A recent article in Employee Benefit News examines an emerging trend of employers making changes to existing benefit offerings with the goal of increasing employee retention and boosting recruitment efforts. While the article focuses on examples of companies adding new benefits, it also mentions the following example of a situation in which a current benefit…
New Survey Shows Link Between Understanding and Appreciation of Total Rewards
Over breakfast the other day with a CEO friend of mine we were discussing the ongoing challenge of recruiting and retaining good employees. As we were chatting, I showed him a few examples of total compensation statements that RewardsFocus had recently delivered; he commented on how necessary these communications are since so many employees just…
Timing is (Almost) Everything
One question we get a lot when we speak with prospective clients is “when should we send a total compensation statement?” Great question. Each organization is different, so there’s no one right answer. However, here are three factors to consider when trying to determine the best timeframe for your organization: Actual vs. projected values –…
Five Reasons You Need a Total Compensation Statement
With the unemployment rate in the U.S. hovering around 4%, employers are dealing with two difficult challenges – attracting new employees and retaining the ones they already have. Workers are in the best position they have been in for several years; employers need to step up their game in order to remain competitive. Whether you’re…