We’re still mourning a heartbreaker of a Super Bowl where our San Francisco 49ers lost to the Baltimore Ravens after staging a thrilling second-half comeback. (Just a few more yards on that last drive and we’d have pulled off the greatest upset in Super Bowl history! But we digress.) Still, it’s hard not to be …
Tag Archive: total rewards statements
Oct
24
The Squeeze is On
Over the summer we missed a gem of a study released by UK-based Employee Benefits Magazine and Cigna HealthCare Benefits UK. The 2012 HealthCare Survey Report is the magazine’s 14th annual healthcare research and examines attitudes on buying decisions, types of benefits offered, the role of EAPs, stress benefits, and much more. Several key findings …
Sep
13
Choosing the Right Cultural Lens
More and more we’re seeing our customers expand their global presence, which triggers a new wave of challenges when creating total compensation statements. What’s important in Australia may not matter as much to employees in Bermuda or Ireland. Then there’s the cultural lingo: German workers get a “salary sacrifice,” while some Asian-Pacific employees get a …
Jan
06
An Infographic is Worth a Thousand Words
We’d like to thank Mercer Consulting for putting together their 2011 Mercer’s What’s Working(TM) survey of 2,400 US employees. A really big thanks to our friends at TribeHR for taking the survey results and creating a visual representation of the data in the form of an infographic. Some of the key takeaways are: Benefits now …
Oct
05
CandidateStatements.com Named a Top HR Product of the Year
Total Rewards Software, Inc., announced today its recruitment product CandidateStatements.com was named one of Human Resource Executive® magazine’s Top HR Products of 2011. The magazine, which was established in 1987, is the premier publication focused on strategic issues in HR. Human Resource Executive® provides readers with news, profiles of HR visionaries and success stories of human resource …
Jul
06
Executive Overview Report: Promoting Total Compensation Value During Economic Uncertainty To Help Retain and Recruit Employees
Total compensation communication has been practiced in different forms for more than twenty years. The format used as the most effective to deliver this message has traditionally been personalized, total compensation statements. These statements have become even more popular recently to show total compensation value. Recent HR surveys show that the majority of employers interviewed do …
Jun
24
Reporting – Another of the Critical Factors for a Successful Total Rewards Statement Project
Historically, one of the company stakeholder groups who have been left out of a total rewards statement project has been the executive team. Sure, they might have received a statement and had been consulted for the project’s budget approval but after that, generally nothing. This is huge mistake. For if you deliver Return On Investment …
Jun
21
If You Have An International Workforce, Should You Provide Total Rewards Statements?
We have been getting this question for years. However it seems only recently that employers are really excited about taking next steps. Over the past 6 months, several large, multi-national organizations are using our web-based platform to provide statements to employees in over 4 continents and 40 countries. While most are large (3,000+ employees), one …
Jun
09
Education – Another of the Critical Factors for a Successful Total Rewards Statement Project
Education is a rather broad term… in our case, it is part Promotion (see my post from April 18th), and part support capabilities. You could argue that the total rewards statement in and of itself is educational and you would be correct. However, we go beyond that… you need to educate your employees at the …
Jun
01
Look Back or Look Forward… that is the question (part 2)
As part of my previous post, I would like to now review the Pros and Cons of “looking forward” as the data capture period for your total rewards statement project. As mentioned previously, both of these methods have their share of proponents and opponents. My objective is to give you an unbiased professional opinion based …