Total Rewards
Enhance Talent Retention by Highlighting Total Remuneration at Crucial Times
A paystub is only part of the picture.
When individuals commence their search for a new role, it's frequently due to a lack of awareness of the benefits they currently possess. Issuing comprehensive remuneration statements through Total Rewards clarifies the full scope of an employee's compensation package, highlighting the employer's investment and how alternative proposals may fall short.
"There’s so much more that goes into showing staff how much they’re valued than providing a paystub. Being able to highlight the scope of what we offer is critical not only to retain staff but to help get the word out there about our business and hopefully bring more people to us."
Enhance key dialogues with comprehensive remuneration insights
Motivate your staff to explore the full benefits narrative of your organisation, thereby enhancing your retention approach. Total Rewards summaries provide a detailed examination of all the advantages you offer, essential for new-starter inductions, performance evaluations, and retention discussions.
Close the knowledge gap around equity.
Most workers admit to a lack of understanding about their equity award and its potential to boost their net worth. Total Rewards effectively conveys both the present and forecasted value of your equity scheme, bridging a vital knowledge gap and guaranteeing clarity.
Send powerful, individualized statements in just a few clicks.
Crafting bespoke compensation statements is an arduous task, undertaken by merely 14% of employers. Total Rewards utilises your existing database to generate and dispatch precise, automated compensation summaries swiftly. These straightforward, accessible statements differentiate your business, all whilst conserving an immense amount of time.
You don’t have to take our word for it.
Read what our customers say about our product and support.
Pay transparency starts with always-on access to compensation statements.
Pay slips don't reveal the complete compensation narrative, and yearly reward statements might come off as reminders of company expenditure on staff, potentially harming satisfaction levels. Providing employees with immediate access to their personalised statements enhances transparency regarding their actual earnings and your investment in them, at their convenience.
Give access to the right people for optimal privacy.
Activate Total Rewards statements for selected employees, ensuring privacy with Access Levels. Only authorised personnel can view these statements, offering a balance of confidentiality and pay transparency in line with your company's ethos
Everything works together in BambooHR.
All-in-One HR software puts everything in one place.
Total Rewards integrates seamlessly into the comprehensive BambooHR platform, allowing for the creation of compensation statements alongside other HR duties, all powered by a unified employee record. This eliminates the need for system switching and enables employees to access their statements, request holidays, view the organisational chart, and retrieve payslips in one convenient location.
Our customers say it best.
We asked BambooHR customers who use Total Rewards to share how automated total compensation statements helped them tell the full compensation story and improve retention.
“With Total Rewards, it’s easier for staff to see at a glance just how good our benefits actually are. We’re able to show them how much they’re valued.”
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You can’t improve what you don’t measure, and that includes employee satisfaction.
The answer to improving employee engagement begins with asking the right questions.
