How to put together a total reward statement
Author: Tony Hatton-Gore
Summary
Click on any of the hyperlinks to go to more detailed guidance below.
- Understand what is meant by total reward and total reward statements. (See Introduction)
- Appreciate the benefits of total reward statements to both employers and employees. (See Benefits of total reward statements)
- Decide whether to deliver total reward statements on paper or online. (See Total reward statement format)
- Decide what information to include in the total reward statement, such as pay, benefits and the intangible aspects of the working environment. (See Information to include in a total reward statement)
- Design the total reward statement to have maximum impact. (See Design of total reward statements)
- Decide whether to produce the statements in-house or through an external provider. (See Total reward statement providers)
- Ensure that there is an effective communication plan in place for the roll-out of total reward statements to employees. (See Communication)