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 their obvious salary, including:
Using the Alpha Rewards platform all of this information is displayed in real time with an automatic refresh following their benefits selection in an easily accessible format.
It is invaluable in terms of staff engagement to display this “value” on one page, making their rewards fully transparent at a glance.