28 Jan Total Rewards Communication for Global Companies
When it comes to developing a strong Total Rewards (TR) Communication strategy, each company is a little different. For instance, the way in which a global company might share TR information could be different than how a domestic organization distributes its employee benefits statements and other TR communications.
For employers with global operations, there is generally a desire to have the Total Rewards Communication available to international employees as well as those in the United States. In doing this, the employer must give consideration to the different data elements that may be relevant to associates in each country.
For example, health benefits may be closely associated with employment in the US, but this is not the case in many other nations. So including health benefits on the statement would not be considered a benefit related to employment. Associates would probably not see that as a valuable item connected to the employer. On the other hand, employees may receive transportation allowances and meal subsidies in certain countries that are closely tied to employment.
Beyond compensation data, the general rule many employers follow is to display in the TR Communication those rewards that are supplied by the employer and are above what is automatically available to everyone, even if they are not an employee.
In addition to deciding what elements to include on the TR Communication, identifying where the data is found for international associates may require attention. It may not be the case that all the data is consolidated neatly in the employer’s central, primary HRIS. There may be multiple payroll or HRIS systems and third parties, such as insurance brokers or agents may be the source of certain data elements. With an organized approach, the appropriate data elements and their sources can be identified and configured for presentation to associates.
While developing a TR Communication strategy is a challenge in any growing company, it can become especially complex for international organizations. If you’re operating a global or fast-growing company, a total reward statement software solution may be right for you. With calculation tools, real-time content updates, and Single Sign On capabilities, software such as REWARDviewTM by HRsoft can reduce complexity and make total rewards information easier for everyone to access.
HRsoft is a leading provider of strategic talent management software that improves manager effectiveness and business results. Our full suite of cloud-based HR software solutions includes applicant tracking software, compensation planning software, total rewards software, stay interview software, performance management software, and content management software. For more information on our Total Rewards Software, REWARDview, click the button below!