Communicate all components of your total rewards and compensation programs in a single, accessible platform.
HRSoft helps enhance your employees’ appreciation and understanding of their packages by showcasing the full value of their employment.
Transform the total rewards communication process into a dynamic dialogue by collecting employee feedback directly through HRSoft.
Ensure a two-way communication that enhances employee engagement and satisfaction.
Keep your employees informed and engaged with an accessible, fully responsive online experience.
With HRSoft, users can access their total rewards information at any time, from any location, and on any device.
Align HRSoft's look and feel with your organization's DNA and culture.
Tailor the visual design, language and branding to ensure every employee touchpoint reflects your corporate communication strategy.
Enhance your employees' understanding of their total rewards programs by incorporating integrated content and links within HRSoft.
Provide easy access to detailed explanations, resources and additional information about the various benefits and compensation components employees receive.
Robust security protocols and a cloud-based infrastructure ensure the highest level of security for users while adhering to GDPR compliance.
HRSoft employs advanced encryption methods, multi-factor authentication and continuous monitoring to safeguard sensitive employee data.
Provide administrators, HR professionals and managers with enhanced tools and insights to better understand and communicate the total rewards programs to their teams.
HRSoft equips key stakeholders with intuitive dashboards, detailed analytics and comprehensive reporting capabilities.
Leverage our suite of standard APIs and manual file feeds for seamless data consolidation to ensure comprehensive data availability.
With your data all in one place, you can make informed decisions and accurate reports while efficiently managing employee compensation.
This webinar offers valuable perspectives to optimize your compensation strategy and cultivate a workplace culture that values and rewards employees beyond the paycheck.
Transparent communication about rewards helps employees understand their value within the organization and the fairness of their compensation.
In order for employees to understand their value in the organization and the fairness with which you’re compensating them, you must become transparent about rewards.
Give your team the tools they need to make better compensation decisions from day one.
Total rewards are a strategy that combines everything organizations give to employees–including direct and indirect compensation–when workers meet specific business goals. Direct compensation includes monetary payments, such as salary and wages. Indirect compensation involves non-cash benefits that have an indirect monetary value, like health insurance and paid leave. It can also involve perks such as flexible working schedules, career development opportunities and recognition for their performance.
Total rewards are essential to organizations because they help to hire and retain top talent. Studies have shown organizations that offer total rewards programs boost employee performance and satisfaction. And organizations can differentiate themselves by highlighting the full value of their workers’ employment, including direct and indirect compensation. Employees are also more likely to be engaged and want to stay with the organization because they feel valued for their contributions.
Total compensation is the sum of all monetary payments and benefits an employee receives from their employer. This includes direct compensation like base salary, bonuses, and commissions, as well as indirect compensation such as health insurance, retirement contributions, and other financial benefits. Total rewards is a broader concept that includes total compensation and non-monetary elements that contribute to an employee’s overall experience and satisfaction. These may include professional development opportunities, flexible work arrangements, wellness programs, recognition programs, and a supportive company culture.
Total rewards communication software is a dedicated solution that allows an organization to share online or printed statements with employees. The statements contain information about an employee’s total rewards, including their compensation, benefits and other rewards. The purpose is to provide consistent and timely updates about an employee’s total rewards to help increase motivation and loyalty.
Total rewards statements are individualized documents or digital dashboards that break down an employee’s compensation, benefits, and other rewards. They’re designed to give employees a complete picture of their total value and are often used during annual reviews, open enrollment periods, or compensation adjustments.
Yes, personalization is one of the key advantages of using total rewards communication software. The most effective platforms, such as HRSoft’s, enable organizations to tailor statements to each employee based on their role, compensation, benefits selections, or even performance level.
Total rewards communication software is typically used by HR teams, especially those focused on compensation, benefits, or total rewards. They rely on the platform to organize employee data, create personalized rewards statements, and deliver them quickly and securely. But the value doesn’t stop there. Senior leaders, finance teams, and department heads also benefit from the insights the software provides, using the data to support talent strategy, workforce planning, and budgeting decisions.
Total rewards are often broken down into five components: wages and salaries, benefits, work-life balance, recognition for performance, and career development. Benefits can include health insurance, paid time off, and retirement plan contributions. Work-life balance may involve flexible scheduling, wellness programs and financial counseling.
