According to a March 2014 report by the U.S. Bureau of Labor Statistics, employee benefits accounted for 31.2% of employee compensation costs paid by employers. With nearly one third of employer compensation costs dedicated to benefits, how are you communicating this critically important element?
It’s easy for benefit communication to quickly become stale. Add to that the challenge of communicating the ever changing benefits regulations to employees and it’s clear that this requires more than an afterthought. Communication is the key to creating informed benefit consumers. Our experienced professionals provide a fresh approach to training and benefits communication with an eye toward content and enhancing utilization.
Total Reward Statements
Total Reward Statements are an excellent way of communicating the total value of the compensation package your organization provides to your employees.
Whether your company has as few as 10 or as many as 1,000 or more employees, MRA can prepare this cost-effective tool for highlighting the major provisions of your benefits and compensation programs and communicating the significant cost to your organization each year to provide these programs to your employees.
Benefit Communications Resources
Find best practice articles, sample policies, and forms in our HR Resource Center. Or get expert-led training and onsite assistance to meet your needs.
Don’t let the high cost and highly important element of benefits as part of your compensation packages go overlooked. Instead, contact us to effectively share the total value of employee compensation.