Total Compensation Statements

COMPackage Total Compensation Statements is a software tool designed to assist businesses and agencies in creating comprehensive total compensation statements for their employees. According to the vendor, this user-friendly software is suitable for businesses of various sizes, including small businesses and large corporations, as well as professional service agencies such as insurance agencies, HR firms, consultancies, and accounting firms. It caters to multiple industries, including manufacturing, retail, healthcare, technology, finance, and more. HR professionals, managers responsible for employee compensation and benefits, business owners, executives, and service providers can benefit from this product to effectively communicate the value of employee benefits.

Key Features

Total Compensation Statements: According to the vendor, the software generates comprehensive total compensation statements for employees, providing a detailed breakdown of their compensation package, including salary, benefits, and perks.

Easy-to-Use Software: The vendor claims that the software offers a user-friendly interface and intuitive design, allowing users to create total compensation statements without requiring technical expertise, coding, or complex setup.

Secure and Inexpensive: The vendor states that the software ensures the security of employee data and offers a cost-effective solution for creating total compensation statements, with affordable pricing options suitable for businesses of all sizes.

Over 60 Company-Paid Benefits and Perks: The software includes a wide range of benefits and perks in the total compensation statements, covering various company-paid benefits such as vacation time, laptop computers, education, entertainment, and healthcare.

Customizable Reports: According to the vendor, users can tailor the total compensation statements to reflect the specific benefits and perks offered by the company. The software allows for customization of the design, layout, branding, and content to meet unique business needs.

Digital Delivery: The software enables the electronic delivery of total compensation statements to employees via email or a secure online portal, reducing printing and mailing costs. According to the vendor, this provides employees with convenient access to their statements anytime, anywhere.

Hourly Top Box Scores (Version 3.0): The software highlights the top benefits and perks rated by employees in the total compensation statements, potentially enhancing employee engagement and satisfaction by showcasing the most valued aspects of the compensation package.

Illuminative Metrics™ (Version 3.0): According to the vendor, the software integrates Illuminative Metrics™ into the total compensation statements, providing insightful data and analytics on the value of employee benefits. This can help businesses understand the impact of compensation packages on employee retention and satisfaction, enabling data-driven decision-making for optimizing compensation strategies.