A New Way to Retain Top Talent: Online Total Rewards Statements

Employees know the net income on their paychecks, yet how much do they know about other valuable rewards they earn from their employer? It’s usually non-trivial and often a good way to incent them to remain with their employer.

Rewards that don’t show up on the paycheck stub often go unrecognized… and unvalued, such as: healthcare, insurance, flexible spending accounts, retirement contributions, tuition, adoption assistance and more. These additional rewards contribute as much as another 30-50% of the total compensation package!

Credit Suisse, one of the top financial companies in the world, wanted to make sure their highly skilled workforce knew the value of their entire compensation package. They believed that providing employees with that information and tools to manage their options and updates would help them retain their top talent.

Credit Suisse identified the following functionality they wanted to provide employees in their new Total Rewards Statements:

• Provide employees with an accessible, easy-to-use tool 
• Provide online, personalized total rewards statements employees could easily and securely update, change and perform “what ifs”
• Provide Credit Suisse with targeted messaging capability
• Provide all this information and functionality with a single sign-on
• Provide employees access 24/7, wherever they are

This short total rewards video tells the story of how this came together for Credit Suisse and how they successfully launched this key HR initiative.

Visit the Total Rewards Statements section of our website to get more information, including Total Rewards white papers, demos, webinars, case studies, data sheets, how to request a call and more.