Real Value Statement
A common concern in most HR departments is that employees have no idea how much money the employer spends on each individual. Many employees equate their total compensation to their cash pay. They fail to see that their total compensation can be from 20% to 40% more than their pay. When it comes to beneﬁts, they tend to think not about what the company pays for, but what they pay for through payroll deductions. In other words, the workforce is not in touch with the real value of their employment.
empowHR’s Real Value Statement presents each employee with the total value of their compensation, including cash compensation, employee beneﬁts and tax savings programs. It’s a dynamic total compensation statement that employees can view online through empowHR’s PARC Place employee portal.
Some employees don’t have access to the Internet. And there are also times when it is necessary, and even desirable, to give each employee a personalized printed statement. With empowHR’s Real Value Statement, it’s easy to format and print these documents for hard-copy distribution.
What’s special is that empowHR’s Real Value Statements are impressive, displaying current information and the cost is affordable. And because it is available for viewing year-round, employees enjoy full-time and real-time visibility into the value of their employment.