A total reward (or total remuneration) statement provides employees with a single personalised statement that communicates the overall value of their financial rewards like base salary, variable pay, share ownership and employee benefits. Each element of the reward package is assigned a cash value.
Our research shows that more than two in ten UK companies offer total reward statements either on paper (13.3 per cent) or web-based (10.1 per cent), and around a third of companies (31.9 per cent) plan to implement them.
To find out more about how to introduce total reward statements click here.
To find out what you should be aware of when introducing total reward statements click here.
To find out how we can help you introduce total reward statements click here.
