Should I Give Employees a Total Compensation Statement?

What is a total compensation statement & how does it provide value?

A total compensation statement communicates the entire value of an employee's compensation package, including wages, which they already see in pay stubs.

Total Compensation: What's Included & Why It's Important

Adding a summary or narrative section to your total compensation (or total rewards) statement can help paint this picture for candidates and employees alike.

Benefits of Total Compensation Statements and Template - Hourly, Inc.

Total compensation statements give employees better insight into their financial standing. This can help them make better personal, professional, and financial ...

How To Create Your Total Compensation Statement Template (And ...

A total compensation statement should include both direct and indirect compensation data for your employees. It's one extra way to build ...

What Are Total Compensation Statements?

They are a great tool to show not only how much an employee earned in base salary or hourly wages and bonuses in a given time period (often a ...

Total Compensation Statement Tips for Employers: How They Can ...

The compensation statement can provide an employee with transparency of the value of their pay package and how much the company is investing in ...

Total Compensation Statement: Showing Employees Their Value

Your total compensation statement should highlight the tangible value these benefits offer employees beyond direct monetary compensation.

Total Rewards Statement: What's Included & Examples - Carta

Total rewards statements improve pay transparency and give employees an easy way to see the annual value of their total compensation including ...

What's a Total Compensation Statement? - Bridgewater Resources

Total compensation statements should be clear and concise, giving employees a detailed overview of their pay and benefits. All three components ...

What Is a Total Compensation Statement & Its Components

Even though you are not obligated to provide a total compensation statement, they can help increase employee morale. The statements can also ...

Show Employees the Money with a Total Compensation Statement

A total compensation statement is a great way to illustrate the true value you provide to your employees.

Best in class total compensation statement examples - Navia

Total compensation statements are an effective way to ensure employees understand the value of their pay and benefits package.

Do Your Employees Know Their Total Compensation?

This includes wages and the hidden cost of the benefits that employers provide. Although total compensation statements are not legally required, they ...

Understanding your Total Compensation Statement

On the following page you will find an outline of what types of payments and contributions fall into these categories. Annualized Employee Base Pay. This amount ...

Compliance Corner: Q&A on Communicating Total Compensation

Total compensation communications should be personalized. Each employee should receive a unique and individual total compensation statement that ...

How to write a total compensation statement | Legal Dive

Total compensation statements given on a regular basis also can show employees their progress with the company, and a potential trajectory ...

How to Make Total Compensation Statements Simple | bswift

Pointing your employees to the big picture helps you maintain an engaged workforce. Your benefits package—and any other perks you provide—is basically a hidden ...

The Power of Total Compensation Statements

PRO: Comp statements provide employees with greater access to compensation information – the statement may be able to answer many of the ...

The Benefits of Total Compensation Statements (And Pitfalls To Avoid)

Perhaps you've been considering providing employees with a total compensation statement. These can be a way of giving employees a more complete ...

Why Provide a Total Compensation Statement to Employees?

An employee's pay includes far more than just base salary and it can't hurt for an employer to provide reminders of such at strategic points ...