Total Rewards Software, Inc., the industry leader in on-demand total compensation statement software, has just released its most recent and timely Executive Overview Report -- Promoting Total Compensation During Economic Uncertainty to Retain and Recruit Employees.
This executive report leverages over 800 total compensation statement projects with some of the leading companies in North America over an 18-year period. It examines why employers should communicate total compensation to manage employee morale, the pros and cons of available methods, and best practices to maximize this concept to aid recruitment and retention efforts.
Most employers are expecting no salary increases or bonus payouts in 2009. Yet the value of their benefits program still represents nearly 30% of their employees' total compensation, said Char Ruppel, Vice President of Business Development at Total Rewards Software. This report highlights how employers can gain maximum leverage from their human capital investment and offset employeesÇ potentially negative perceptions regarding salary and bonuses freezes.
Executive Report: Employers Need to Promote Total Compensation Value in Uncertain Economic Times
Employers should communicate total compensation to retain and recruit employees, offset freezes in salary and bonuses
