Showing the whole benefits picture

Total rewards statements provide timely, personalized details of employee’s worth
By Joann Deniso
|Canadian HR Reporter|Last Updated: 10/29/2008

A roller coaster global economy has left employees uneasy and in greater need of information and reassurance. In addition, the much discussed talent shortages and shifting needs of a multi-generational workforce have left HR professionals with a challenge — and an opportunity — to open the lines of communication through total rewards statements.

These allow companies to share comprehensive and compelling personal benefits statements that reinforce the employees’ value to the organization and reduce the likelihood they will jump ship when economic conditions stabilize.

For HR departments struggling to have employees see benefits as more than a once-a-year, open-enrolment event, total rewards statements provide continuous, personalized communication year-round.