Employee benefit statements are an effective human resource information tool to communicate the total compensation value of employer sponsored benefits.
Using customized, individualized employee benefit statements, each employee can better understand the financial commitment their employer has made to them. Also, since the employees received a brief description of the purpose and use of the benefits, they are better able to coordinate and choose their benefits with their personal financial situations, making for more satisfied and productive employees.
Employers without effective employee benefit communications run the risk of wasting benefit dollars on employees who do not understand the value of those benefits.
Below is a partial list of benefit information that can be included for employee explanation:
View a sample statement by clicking here.