Drive Employee Satisfaction with Total Rewards Statements from Dollar Compensation Statements
Atlanta, GA (PRWEB) November 30, 2015 -- The completion of open enrollment is the perfect time to distribute Total Rewards Statements to employees and increase employee satisfaction. Jill Feibus of Dollar Compensation Statements says, “Your workforce just elected new benefits during open enrollment, so help them start the year with a clear understanding of the total value of the benefits package. Distributing a personalized Total Rewards Statement to your employees will lead to increased employee appreciation and higher retention rates. Include everything on the Total Rewards Statement, from traditional benefits like medical, dental, vision and life, to company-specific perks such as productivity bonuses, cell phones, EAP, health and wellness assistance, legal service plans, identity theft protection plans, college tuition reimbursement and more. Our newest statement layouts even provide clear communication regarding benefit elections and enrollment levels.”
According to MetLife’s 2014 & 2015 U.S. Employee Benefit Trends Study, employees who were very satisfied with their benefits are almost four times more likely (81%) to be very satisfied with their jobs compared to those who are not very satisfied with benefits (22%).
One way to establish employee satisfaction is to communicate the value of the total rewards package provided by the company. Many employees don’t realize the total value of their benefits package, and only think in terms of the dollar amount that appears in their paycheck. An effective benefits communications program is the key to raising employee awareness. SHRM’s 2015 Strategic Benefits — Communicating Benefits survey found that 73 percent of HR professionals indicated their employees were “somewhat knowledgeable” about the employer-sponsored benefits available to them, while only nine percent indicated their organization’s employees were “very knowledgeable.”
About Dollar Compensation Statements:
As a revolutionary web-based Total Reward Statements service provider, Dollar Compensation Statements is changing the way companies create high impact total reward statements. Using the self-service statement generator employers and benefits brokers can create personalized total reward statements for as low as $1 to $2 per personalized print-ready statement. The straight forward pricing approach makes it cost effective to provide personalized total reward statements to companies of all sizes. For more information about Dollar Compensation Statements, visit http://www.dollarcompensationstatements.com or contact us directly at 404.474.7947 or info(at)dollarcompensationstatements(dot)com.
Jill Feibus, Dollar Compensation Statements, http://www.dollarcompensationstatements.com, +1 (404) 474-7947, [email protected]
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