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A total compensation statement is something many employers opt to provide to employees to quantify and communicate the monetary value of their full compensation package. Also known as a total rewards statement or a “hidden paycheck,” a total compensation statement would include base pay plus bonuses/incentives, and also could include the quantified value of benefits […]
A valued employee is a retained employee. You can show your workers just how much they’re being compensated for their efforts—beyond their base pay—through total reward statements. Expert John Rubino has a few tips for crafting and communicating these compensation reports.
A valued employee is a retained employee. How can employers show their workers how much is invested in their efforts (beyond just their wages)? By providing total reward statements. Today, we present some advice on crafting these reports from Consultant John Rubino.