With many rewards linked to salary, a merit increase usually has a significant impact on total reward too. So, while, I may have received a 3% merit increase, my total reward may have increased by 5%.

To do that, employers are using total compensation — or total rewards — statements to draw the big picture when it comes to showing workers how they’re being paid, beyond just a base salary.

To put it differently, the Total Rewards Statement from ten or even five years ago needs a complete makeover in order to address the changing values of the workforce. It’s time to expand your total ...

But, almost the same percentage, 70.02%, do not offer total reward statements to their employees. Of those that do, 17.6% offer web-based total reward statements, while 12.32% put them on paper. Of ...

Key delivered 15,000 "Total Rewards" statements to employees in 2016 and is on track for 19,000 this year. The statements are designed to explain programs — in areas including compensation, health and ...

Real-time holistic view of total compensation motivates employee engagement while supporting open enrollment & other strategic HR initiatives SAN JOSE, Calif., July 13, 2023 /PRNewswire ...

TORONTO, Sept. 10, 2019 /PRNewswire-PRWeb/ -- CompTrak is proud to announce the launch of its new interactive online Total Rewards Statements. Pro ...

Do you ever ask yourself: “Am I still using the right tools to do my job?” I vividly remember a time in my early HR career when it became abundantly clear that I was up the creek without a paddle ...

Key delivered 15,000 "Total Rewards" statements to employees in 2016 and is on track for 19,000 this year. The statements are designed to explain programs — in areas including compensation, health and ...

Brightplan Launches Total Rewards Statement For Employees. Date. 7/13/2023 9:11:08 AM. Share on Facebook; Tweet on Twitter ...