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Total Compensation Reporting: How it Benefits Employees
Total Compensation Reporting and Total Transparency
Total compensation reporting is beneficial to provide to employees as it gives them a complete view of the total value of their benefits and compensation beyond their base pay.
Total compensation reporting enables employers to show the totality of their contributions and investments in individual employees, including wages, benefit contributions, and retirement contributions from employers. As a result, employees feel more valued and engaged with transparency into the value of their employment. Employees are able to view this information in a clear and concise report for better communication between employers and employees in regard to benefits.
The APS system includes a report that educates employees with complete transparency into their true compensation, beyond base pay.
Check out more great articles from the APS Blog covering HR, payroll, and everything in between.
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