Total Compensation Statements as a Tool to Communicate Total Value

$209.00

SKU: 411140

Description

Learn how total compensation statements can help you communicate the true value of your companys compensation and benefits packages to employees.
Many human resources and compensation professionals design compensation plans and struggle with communicating the total rewards clearly and concisely across all levels of an organization. This presentation will help professionals understand the importance of total compensation statements as well as how to communicate them throughout an organization. Additionally, professionals will gain insight into market trends and prevalence, and different options in both the design and communication of total rewards programs.

Date: 2024-04-11 Start Time: 1:00 PM ET End Time: 2:05 PM ET

Learning Objectives

* You will be able to describe a total rewards statement or tally sheet.

* You will be able to discuss different options when designing a total rewards program.

* You will be able to explain the difference between direct compensation, benefits, and perks.

* You will be able to recognize different total rewards communication techniques in the marketplace.

Introduction and Total Rewards Overview
• Direct Compensation
• Traditional Benefits
• Non-Monetary Benefits

Compensation Considerations
• Direct Compensation Considerations (Pay Mix etc.)
• Communication of Total Rewards
• Total Rewards Statement / Tally Sheets

Low-Cost Solutions
• Benefit Overview
• Intangible Benefits
• Training / Performance Development and Fringe Benefits

High-Cost Solutions
• Monetary Benefits and Importance of Education
• Health / Welfare and 401K
• Prevalence and Data

Conclusion
• Total Rewards Important in the Marketplace
• Trends and Future Outlook

AIPB ,ASA ,HR Certification Institute ,CPE ,SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Corey Davidson-Alvarez & Marsal, Ryan Wells – Alvarez & Marsal