With reports that seven out of ten employees aren’t engaged at work, evidence is mounting to show that a modern company’s fight to engage and retain employees starts in HR – and exhibits A, B and C do even more to add to that fact:
- Only 30% of employees are motivated by money
- A stronger economy means there’s growing competition for talented workers
- Millennials, who will soon be the majority in the global workforce, expect shorter job stints and clearer value communication
While HR professionals see these challenges in living color and know that a centralized total rewards statement is the best remedy, executives may not. It’s up to HR to build a case for it. Luckily, we’ve developed a PowerPoint that will not only help HR professionals build their case for why a total rewards solution can help, but also super charge its impact so executives will have no choice but to be convinced. Take a quick look to see how the ideas in our PowerPoint can help you start prepping your total rewards software case to deliver maximum impact.
Our total reward statements allow you to:
- Attract and retain top talent
- Raise company awareness and employee appreciation
- Customize compensation reports with branding that aligns with your company image
- Display value information in a personalized format for your employees
- Reduce the cost of benefit administration with a secure, self-service online tool
Outsourcing total rewards can deliver maximum ROI
It might be easy enough for executives to assume their staff can manage the company’s total rewards statements, but they don’t necessarily see the extra costs, inefficiencies and ineffectiveness that can snowball from that process in real-time like the HR team does. Taking total compensation management into an off-site, automated platform run by a group of experts can save in-house staff time and money while delivering executives exactly what they want – ROI.
Create transparent value communication with on-demand access
Employees crave purpose – they want to know their job is meaningful and valuable. The best way for companies to communicate these things? Show them. A centralized platform that offers on-demand access to workers’ total compensation, including non-monetary benefits like career path, work-life balance and health and wellness, can be the one-stop shop they need to feel the purpose they deserve.
Get value communication designed exactly to meet your company’s needs
Whether you want the appeal of a clear and personalized paper statement or the centralization and tracking capabilities of an online platform, the right total rewards software solution can go a long way in delivering value communication to your company that both employees and executives will respond to.
Keep building your high impact case for total rewards statement
Check out our full PowerPoint to find out how TotalRewards Software can help make your case for an automated, ROI-delivering total rewards solution even stronger.
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