DCSIMG
Mercer
Search
   
Consulting. Outsourcing. Investments.
Total Compensation Statements
Email this page Print this page
Contact: Anne Frawley
Tel: +353 1 411 8529

Total Compensation Statements

Helping employees value their total remuneration

Total Compensation Statements are a communication tool offered by Mercer that can help raise employee awareness and knowledge of reward packages. An employer can use these statements to consolidate the components of an employee's remuneration into one document that provides the employee with a comprehensive report containing pay and benefit details while also reducing the burden on HR staff.

 

The use of Total Compensation Statements can help organisations communicate the value of existing employee benefits to both employees and potential employees through:

 

  • Enhancing value perception - by increasing employee awareness and appreciation of the total remuneration package  
      
  • Recruitment and retention - quantifying the cost and detailing all compensation and benefits provided to the employee
          
  • Communicating effectively - by providing a personalised and itemised summary of each employee's total remuneration and benefits
       

How Mercer can help

Mercer provides a wide range of communication, consultancy and administration services that can be tailored to suit your specific requirements.

 

Mercer can:

 

  • Manage the delivery of statements by developing and maintaining a project delivery plan as well as by liaising with data providers and printers
      
  • Draft and design the statement layout to meet your reward programme and branding specification details, tailored for maximum employee impact 
      
  • Prepare and maintain data requirements of all information to be displayed and/or calculated - Mercer will also review and clean all data files received
      
  • Create and test statements by consolidating your data files so that a unique data record for each employee and merged with the statement text - testing is then carried out to ensure that calculations and merge instructions have been performed correctly
      

 

 

  

 

Email this page Print this page
Contact: Anne Frawley

Tel: +353 1 411 8529

Further information

  

If you would like to learn more about Total Compensation Statements and the benefits they can provide your organisation, please contact:

E-mail Anne Frawley

Telephone +353 1 411 8529

E-mail Kevin Kinsella

Telephone +353 1 411 8180