How total reward statements work
Your Total Reward statement gives your employees a complete breakdown of what they receive. So it shows their basic salary plus any employer pension contributions, the value of a company car or allowance, private medical insurance (PMI), other insurance and protection products, shares, bonus payments, and the value of any other perks that are quantifiable.
You employees normally receive their Total Reward statements once a year so it’s a really easy way to keep them engaged and informed. And of course, the statements look like they come from you, whether you go for the print based or online version, with your logo and details. All written in nice, easy to understand language and with full support from us. Brilliantly simple but very effective.
The integrated Total Reward Statements are usually issued annually, and therefore are also a good way of communicating any changes or enhancements to your benefits package. And combined with our Employee Benefits platforms, it makes employee benefits simple, efficient and seamless.