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Benefits can be a cornerstone of your recruitment and retention strategy, but only if your workforce understands the true value of their compensation. That's why we recommend that you provide a total compensation statement. It's like an extra pay slip that shows your employees the actual dollar value of their compensation package. Each pay period, employees get an updated statement (on paper or online) with a year-to-date summary. Employees soon realize that, "My salary is $50,000, but my employer actually pays me over $80,000 a year in total compensation." It's a great way to increase employee retention and appreciation. Check back often for new brainstorms! |
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As one of the largest HVAC distributors in the U.S, with over 300 employees in 18 locations, communication is always a challenge. Especially in the area of employee benefits.
" I've worked with many different brokers during my tenure in Human Resources and never before have I felt that my organization was truly "getting its money's worth" - until now."
– HR director for one of the largest HVAC distributors in the U.S.
Having partnered with several different brokers over the years, this company recognized the need for more timely and consistent communications with employees, as well as the need to control costs and leverage the marketplace.
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