"Just a quick note to say thank you! ConnectsUs HR toolkit is the perfect solution for our needs. The point and click application combined with the rich content of best practices gives us everything we need to create professional results.”
Employee Total Compensation Calculation Spreadsheet
The HR Toolkit's Employee Total Rewards Statement template helps you communicate to each employee the full value of the benefits, compensation, and perks your company provides them by calculating their total rewards and generating a unique statement for each employee.
This statement is generated using a pre-populated Excel spreadsheet with pre-defined formulas to make it easy to customize. The Employee Total Rewards Statement template comes with an accompanying instructions document for your HR staff.
Preview & Download the Total Rewards Statement
Employee Total Rewards Statement Calculator + Accompanying Instructions for Staff
Each Microsoft template is professionally written and consistently formatted. Fully customizable upon download.
Download 6 Premium HR Templates
Free!Including this one. Quick sign up - just 3 fields.
No credit card required. Promise!
What Is an Employee Total Rewards Statement?
An Employee Total Rewards Statement is a comprehensive document that details the full range of benefits an employee receives from their employer. It goes beyond just salary, highlighting additional components such as:
-
Bonuses and incentives
-
Health and wellness benefits
-
Retirement contributions
-
Paid time off
-
Professional development opportunities
-
Company perks
Providing this information in one place helps employees understand and appreciate the full value of their total compensation package.
Why Use a Total Rewards Statement?
-
Increase Transparency: Employees can see the complete picture of their total compensation, including non-cash benefits.
-
Boost Engagement: Highlighting perks and benefits fosters employee appreciation and satisfaction.
-
Improve Retention: When employees understand the full value of their rewards, they’re more likely to stay.
-
Attract Talent: Demonstrating your company’s commitment to rewarding employees helps you stand out in the job market.
What’s Included in the Employee Total Rewards StatementTemplate?
-
Employee Information: Name, role, and employment details.
-
Compensation Overview: Base salary, bonuses, and other cash incentives.
-
Benefits Summary: Health insurance, retirement plans, and wellness programs.
-
Additional Perks: Education assistance, employee discounts, and more.
-
Annual Summary: Total estimated value of rewards.
FAQs
Q: Is the template really free?
Yes, our template is 100% free to download and use.
Q: What file format is the template in?
The template is provided in an editable Microsoft Word format for ease of use.
Q: Can I customize the template?
Absolutely! You can easily modify the template to include your company’s branding and specific details.
Q: Who should use a Total Rewards Statement?
Any company that wants to improve employee communication and satisfaction can benefit from using a Total Rewards Statement.
This template is brought to you by the HR Toolkit for Small Business. Do it yourself HR The HR Toolkit is your self-serve resource center that provides the HR template library, tools, instructions, & updates to create & maintain your HR fundamentals - at a fraction of the cost. With HR on Call HR Toolkit plus unlimited HR on Call. Hiring an HR expert can be expensive and HR Complete is a budget-friendly alternative that combines do-it-yourself HR with expert HR support. We do it for you Not ready to hire full-time HR? We offer 3 HR services solutions with flexible and affordable plans. From creating your HR essentials, to moving your HR online, to part-time HR support.
OUR PRODUCTS
Since 2006, ConnectsUs HR™ for Small Business is the trusted
one-stop source for creating and maintaining your HR department.
Now with 3 HR solutions to meet your needs & budget.
