| PERSONALIZED BENEFIT STATEMENTS |
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How much is your organization spending on employee benefits?
It’s a fact! Most employees do not understand what their benefits are, nor do they appreciate how much their employers are paying for them. Many employees will change employment simply because they think the pay and benefits are better elsewhere.
According to Brooks C. Holton, Assistant Professor of Organizational Behavior at Marquette University, the average employer will spend $0.41 for benefits for every dollar of payroll.
Our Personalized Benefits and Compensation Statements service is an affordable benefit communications program that produces personalized benefit statements for employees. Our benefit statements show a summary of the employees’ paid benefits. The costs to the employer for these benefits can be presented in an easy-to-understand table with supporting, full color pie charts and benefit explanations.
When employees see the total value of their “Hidden Paycheck,” it often leads to improved morale, reduced turnover and increased productivity. When turnover is reduced, the costs to recruit, hire and train replacements is lower.
For more information, please contact Trisha Chapman.
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