Do your employees truly understand their total rewards?

Today, with more than 30% of a typical pay package in the form of non-cash compensation, it’s important to help employees fully understand and leverage their total rewards/total compensation. AnswerSource™ Total Rewards Statements helps you:

• Increase 401(k), CDHP, EAP, ESPP, wellness and other program participation.
• Improve employee engagement and retention.
• Ease the pain of health insurance premium increases.

Views for All Users

• Total employer/employee contributions: Shows all employer and employee contributions. This is more than just the typical deductions that show up on a paystub – includes employer’s share of FICA, medical/dental/vision/life insurance, 401(k)/retirement contributions and increased healthcare costs.
• Single source for all total rewards/total compensation data: Gathers data from
  multiple systems and reports it from a single source. Enables employee to view data from unlimited sources in summary or drill down to details.
• Manager view: Gives managers a comprehensive view of their direct reports’ total rewards with HIPAA information protected. Facilitates meaningful compensation-related discussions during performance reviews and goals conversations.
• Recruiting view: Produces sample total rewards/total compensation statement for
  prospective employees. Enables job candidates to model total compensation potential
  to compare job offers “apples to apples."
• Fully branded to your organization’s look and feel: Promotes employee assimilation
  and loyalty to your organization as an employer of choice.

Engage Employees with Specific Messages

• Targeted messaging: Provides messages to employees based on specific data elements – for example, a reminder of how much they could be saving if they participated in a 401(k) plan or ESPP.
• Welcome messages: Tailored by employee role or location. Help employees understand potential wealth opportunities or programs, such as wellness credits.

Flexibility and Usability

• Innovative modeling and calculator tools: Support retirement planning, stock option modeling, benefit plan paycheck impact and more.
• Refreshed by pay period, quarterly or monthly: Facilitates year-round total rewards/total compensation accuracy and visibility.
• Links to AnswerSource HR Portal / Knowledgebase: Allow employees to instantly explore alternative benefit plans, policies for compensation-related items like tuition reimbursement, and more.
• Sarbanes-Oxley compliance: Executive compensation reporting to promote compliance.

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