Total Compensation Statements

Many employees do not understand the total investment their employer makes in them. These hidden costs include shared or employer-paid health, dental, and other group insurance, profit sharing contributions, workers compensation premiums, FICA matching, and unemployment taxes. 

Total Compensation Statements communicate the total value of the “hidden paycheck” in a personalized and easy-to-understand format. Sharing this information  with employees can result in increased goodwill, improved productivity, and better employee retention. 

WorkPlace Solutions can provide Total Compensation Statements in many formats from a one-page overview to a multi-page comprehensive statement that details the value of each benefit and how that benefit impacts the employee. 

Click here to see an example of a Total Compensation Statement.