Hello,
I have been tasked with creating a Total Reward Statement for our employees, ideally with it being sent out shortly after the current tax year comes to an end.
I was wondering if anyone had an advise on what things to include on the statement, I have a general idea on the data I am going to supply but keen to make sure I don't miss something off.
Also, if any one can point me in the right direction of locating a template that would be great. I have tried the usual places and unfortunately haven't seemed to find anything.
Thanks in advance.
Jess
Replies
Hi Jess
Interesting post I have included a link below to something which may be of use:
https://www.employeebenefits.co.uk/issues/january-2016-2/how-to-mak...
So in previous organisations we have used Base Pay, Bonus, Commission, Shift Pay, additional holiday entitlement above statutory. Private health care and pension contributions (above the minimum AE requirements), location allowance and car allowance. Anything which a financial cost attached to it basically.
They were very useful in heping people realise the full value of their package as the bottom figure could sometimes be considerably in excess of the basic pay.
I do hope this helps!
Good luck
Sarah
I started these last year and included all benefits that were a cost to the company Salary, Bonus, Commission, Healthcare, Eye care vouchers, Car Allowance/Company Car, Life Insurance Cover, included incentive holidays (which is above our standard).
I just developed everything in excel it took some time bringing the figures together and from this I then produced pie charts.
Hope this helps
Great thanks Louise, thats a great help!
Jess