Total Reward Statements are a great communication tool
By creating a TRS you can highlight to each individual their cash and non-cash benefit entitlements, and bring together the total value of their full remuneration package (rather than pure basic salary).
By doing this you can effectively communicate the total reward generated from working for you, not just the obvious salary salary including:
- Contractual benefits
- Flexible benefits
- Other benefits
Using the You at Work platform all this information is displayed in real time with automatic refresh following benefits selection in an easily accessible format.
It's invaluable in terms of staff engagement to display this “value” on one page, making it fully transparent at a glance.