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Total Rewards Summary Statements

Pay Transparency Is One Click Away

Compensation Resources developed a proprietary platform to efficiently produce total rewards summary statements — personalized statements communicating the overall value of an employee’s compensation package — just for our clients.

The Benefits of a Total Rewards Summary Statement

Total rewards summary statements are a great tool to show employees the true value of what a company invests in them annually. They summarize financial and non-financial rewards, providing a detailed breakdown of an employee's pay, benefits, and other perks. A statement can:

  • Attract top talent: Outlining various forms of cash and non-cash compensation can make a job offer more appealing, giving a company a competitive edge.
  • Foster employee engagement: Highlighting all that goes into an employee’s compensation package can increase their appreciation for and satisfaction with their job, thereby promoting engagement.
  • Promote employee retention/reduce turnover: When employees are more satisfied and engaged, they’re more likely to stay put.
  • Provide pay transparency: These statements include more than just the salary or annualized rate, giving employees transparency into their full value.
  • Enhance understanding of employer value: Total rewards summary statements demonstrate the organization’s commitment to its employees’ well-being and growth.

What’s in an Impactful Total Rewards Summary Statement?

Our comprehensive statements include:
  • Base salary: The regular pay or annual wage an employee receives. 
  • Overtime pay: Any overtime for non-exempt employees.
  • Bonuses and incentives: Bonuses, commissions, or incentives that are provided for achieving specific goals. 
  • Equity awards: Stock options and/or grants that allow employees to purchase company stock. 
  • Health benefits: Coverage for medical, dental, and vision expenses. 
  • Retirement plans: Contributions to retirement accounts and/or pension plans.
  • Paid time off: Vacation, sick leave, and holidays. 
  • Other perks: Professional development stipend or training expenses (tuition reimbursement), employee assistance programs, wellness programs, commuter benefits, clothing or tool allowances, etc.
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Our Compensation Consultants

To further discuss your total rewards summary statement needs, please feel free to contact us. 

mary-rizzuti

Mary A. Rizzuti

Partner

Meet Mary

diana-neelman

Diana D. Neelman

Senior Director

Meet Diana

sara-schmidt

Sara D. Schmidt

Director

Meet Sara

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