Promoting Value to Your Employees
As an employer, your rewards package often goes beyond just salaries to include incentives, health benefits, retirement benefits, wellness programs, support for training and education and more. These non-cash elements are often 30% or more of your total rewards and are intended to be a key differentiator in your recruiting and retention strategy. Many employees, however, only think of their salaries when considering compensation, and grossly underestimate the value of their Total Rewards package.
Alera Group’s Total Rewards Statements services can help you present the value of your investment to candidates, new hires, and employees. Statements can include:
- Salaries
- Incentives
- Equity compensation
- Paid time off programs
- Retirement benefits
- Health benefits
- Life & disability benefits
- Recognition rewards
- Wellness benefits
- Investments in education, training, certifications, and other forms of professional development
In a study of employees receiving statements:*
- 78% were more likely to stay with their employer
- 95% had a greater understanding of their benefits
- 86% were more likely to recommend their employer as a good place to work
- 90% had a higher appreciation for the value of their employee benefits
- *Conducted by AON
Alera Group uses leading-edge technology to package your total rewards in easy to understand online statements that can be viewed and printed.
Alera Group’s team makes implementation simple. Our Total Rewards Specialists will work with you to:
- Compile your information using an intuitive template
- Load the information into our Total Rewards Software system
- Customize your statements with your logo and your narrative
- Generate statements either online or print
Your total rewards package should be a major consideration for candidates and employees. Alera’s Total Rewards Statement service can help you obtain better offer acceptance rates, a much better impression during the critical onboarding experience, higher retention, and an enhances employer brand.
Total Rewards Planning
Our HR consultants can collaborate with your leadership team to craft a compelling Total Rewards Strategy that differentiates you from your competitors. We have experts in HR, employee benefits, and retirement plans who can help you design programs, find, and manage high-quality providers and service delivery, and execute communications strategies.
To learn more, contact your local Alera ConnectHR representative.
The information contained herein should be understood to be general insurance brokerage information only and does not constitute advice for any particular situation or fact pattern and cannot be relied upon as such. Statements concerning financial, regulatory or legal matters are based on general observations as an insurance broker and may not be relied upon as financial, regulatory or legal advice. This document is owned by Alera Group, Inc., and its contents may not be reproduced, in whole or in part, without the written permission of Alera Group, Inc. Updated as of 8/05/2021.
Investment advisory services offered through Alera Investment Advisors, LLC. Securities offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.