23 Sep Online Total Rewards Communication Gives Employees What They Want to Know and Brings Value to Employers
An organized Total Rewards Communication website has something for everyone. For employees, it serves as the go-to place for everything related to compensation and benefits. This includes a summary of compensation, benefits, retirement plans plus links to administrators for managing transactions and making inquiries about plans.
For employers, the value is there, too. Employees are empowered with a self-service site to learn about available benefits and access their information when and how they want to. This drives engagement and retention. What’s more, it supplies information more quickly to employees than if they had to call HR on Monday morning after reviewing their benefits over the weekend. Employees can also learn about benefits they may not have fully understood or knew they were eligible to participate in.
Having self-service calculators available on the site allows employees to model the future value of their 401(k) or the full value of employment. These tools are especially useful – and easy to include.
A site for communicating Total Rewards takes some planning. It is worth it. The value for employers and employees can be significant.
HRsoft specializes in developing on-line Total Rewards Communication sites, personalized and branded for clients. Learn more at www.HRsoft.com.