What is total reward?

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.