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Home | Solutions | Total Rewards Statements |
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Help Employees Fully Understand – and Leverage – Their Total Rewards |
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| AnswerSource Total Rewards/Total Compensation Statement is a web-based solution that allows employees to access a comprehensive view of their total rewards/total compensation packages year-round. With views that show employer/employee contributions to health insurance, 401(k), taxes and much more – complete with modeling tools and calculators – AnswerSource Total Rewards/Total Compensation Statement can help attract and retain talent, increase voluntary program participation and brand your organization as an employer of choice. |
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| The Business Case for AnswerSource Total Rewards |
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| Today, more than 30% of a typical pay package is in the form of non-cash compensation – health insurance, paid- |
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| time-off, 401(k) and more. By helping employees model the value of unvested stock options, calculate how much they might have saved by taking advantage of 401(k) savings/matching, or understanding just how much health insurance really costs, an on-demand Total Rewards/Total Compensation Statement becomes an important tool in attracting and retaining talent. AnswerSource Total Rewards/Total Compensation Statement helps you: |
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Reduce voluntary turnover |
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Increase 401(k), EAP and ESPP participation |
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Improve employee productivity |
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Ease the pain of health insurance premium increases |
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Key Features and Benefits |
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Shows total employer contributions – not just deductions on a paystub – including employer’s share of FICA, Medical/ Dental/Vision/Life Insurance, 401(k)/retirement and increased healthcare costs |
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All rewards data – from multiple systems – can be reported from a single source |
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Manager view facilitates meaningful compensation-related discussions |
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Recruiting view allows job candidates to model total compensation potential – helping recruits truly compare job offers |
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Allows data from unlimited sources to be viewed in summary or drill down pages |
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Supports tailored welcome messages by employee role or location – helping employees understand where they might be “losing out” on potential wealth opportunities or employee programs, such as wellness credits |
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Supports retirement planning, stock option modeling, total wealth modeling, benefit plan paycheck impact and much more with innovative modeling and calculator tools |
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Refreshes by either pay period, quarterly or monthly – facilitating year-round total rewards visibility |
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Fully branded to your organization’s look and feel |
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Links to AnswerSource allow employees to instantly explore alternative benefit plans, policies for comp-related events like tuition reimbursement and much more |
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Provides for executive compensation reporting to promote Sarbanes-Oxley compliance |
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Software-as-a-Service Means Rapid Deployment and a Low Total Cost of Ownership |
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Flexible via configuration – not customization – meaning a rapid, cost-effective deployment |
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Hosted and maintained by Enwisen’s world-class customer service organization |
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Highly scalable, available and accessible |
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Integrates data from any Applicant Tracking, Recruitment, HCM, Performance Management, Compensation Management, Payroll, Benefits and/or 401(k) provider |
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World-class security with the highest standards for disaster recovery and protection of sensitive HR data |
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Part of the AnswerSource Workforce Portal |
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| Enwisen delivers technology that helps employers leverage the web to communicate with its workforce. Our AnswerSource Workforce Portal – a suite of on-demand, personalized and searchable communications applications – engages new hires with a personalized onboarding experience, promotes informed benefits consumerism and improves employee service and communication via more effective self-service, employee portals and shared services environments. |
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| AnswerSource is rapidly deployed, and fully hosted and maintained by Enwisen – allowing employers to dramatically improve the employee experience by making “must do” workforce communications – for all phases of the employee life cycle – more effective, more strategic and less costly. |
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| AnswerSource has produced measurable ROI for hundreds of customers – like Yahoo!, Memorial Health Care, State of Montana, Alegent Health, Nissan North America, Hershey Entertainment & Resorts, W.L. Gore & Associates, Level 3 Communications, Hannaford Bros. Cos., Masco and MasterBrand. |
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Yahoo! Was looking for a solution to help increase employee retention, increase participation in programs such as 401(k) and ESPP and ensure that their workforce truly understood the value of their total rewards, including benefits and equity. They achieved these goals using the AnswerSource Total Rewards Statement...
