Total Compensation Statement Services

Improve employee satisfaction and retention with a snapshot of your total investment in your employees

A total compensation statement is a great way to remind your workforce about the total value of their “hidden paycheck.” It makes it easy to communicate all aspects of your investment in your employees in one document. This comprehensive report which is also referred to as a total rewards statement or employee compensation statement – is an annualized snapshot of the various compensation methods an employee receives.

Total compensation statements include:

  • Cash compensation (salary, bonus and commission)
  • Benefits (medical, dental, vision, life, 401k, etc.)
  • Tax savings
  • PTO, holiday, or other leave pay
  • Additional benefits

Our HR consulting team creates total compensation statements by:

  • Coordinating project planning/strategy/management
  • Performing data management
  • Verifying data
  • Merging data feeds using unique employee ID (e.g., Payroll, HRIS, stock or 401k files)
  • Completing numeric calculations (time off value, life insurance benefit amount, etc.)
  • Validating and test data
  • Preparing and send audit reports for quality assurance purposes
  • Performing final QA testing
  • Receiving sign-off from you
  • Uploading data
  • Managing statement distribution with client

Improve employee satisfaction and retention with a total compensation statement. We can help.

Need help with other HR initiatives as well? Check out our HR Support Services.

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