Learn how total compensation statements can help you communicate the true value of your company's compensation and benefits packages to employees.
Often employees look at their base salary as the total value provided by your organization. Retaining employees is the number one issue of business today, and often they leave for a few cents in base pay. Creating customized compensation statements for your organization can be a valuable communication tool. Generally, total compensation ranges from 30 to 50 percent above base compensation for an organization and most employees are unaware of the benefit. This information will help you understand the value of creating total compensation statements as well as the process for information gathering, data management, and printing and production of the final statements.
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
What Makes up Compensation?
- Base Compensation
- Bonus and Commissions
- Government Mandated Benefits
- Voluntary Benefits
- Nonmonetary Benefits
Communication Vehicle
- Branding
- Tool for Messaging
- Benefit Recap
- Stock Options/Plans
- Visually Appealing
Data Assembly
- Options From Payroll Systems
- Employee Demographics
- Data From Other Areas of Organization
- Ability to Include Items That Are Not for All Employees
- How to Handle Paid Time off
Tools Available for Statement Creation
- Microsoft Products
- Internal Database
- HRIS Programs
- Your Benefit Broker
Considerations in Statements
- Printing and Mailing
- PDF's
- Color or Black and White
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on March 18, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Lori Kleiman, SPHR, SHRM-SCP
HR Topics
Lori Kleiman, SPHR
- Managing director of HR Topics; firm which supports training and development of HR professionals as well as speaking at local and national conferences
- Formally national practice leader of HRadvantage, a division of Gallagher Benefit Services
- Founder of HR Partners, acquired by Gallagher Benefit Services
- Member of National Speakers Association
- Creator of HR Certificate program at Oakton Community College
- Certified as SPHR, SHRM, SCP
- Master's degree in human resources
- Can be contacted at [email protected]
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
