TOTAL REWARDS COMMUNICATION SOFTWARE
Communicate the Full Value of Employment
Help your employees understand the overall worth of their compensation with HRSoft’s total rewards communication software.
GIVE YOUR TEAM TOTAL VISIBILITY INTO REWARDS
ACCESS TOTAL REWARDS DATA
HR managers use total rewards communication software to:
- Access historical cost and use data.
- Gain granular insights into the cost of total rewards.
- Make data-driven decisions that benefit everyone.
COMPENSATE MEANINGFULLY
Empower managers to track their teams’ total compensation with a tool that helps them:
- Access their direct reports’ rewards.
- Support strategic pay decisions.
- Provide consistent, meaningful communication around compensation.
INCREASE EMPLOYEE RETENTION
Recruit and retain your best talent by communicating the full value of their employment. Achieve this through personalized statements that show:
- Combined compensation.
- Benefits.
- Other employment rewards.
INTEGRATE TOTAL REWARDS COMMUNICATION WITH THE FULL LIFECYCLE
Bundle our total rewards communication software with our compensation management solution for optimal results.
- Sync data between solutions to keep everything up to date.
- Integrate software with your broader HR tech stack.
- Add powerful functionality and flexibility to your core HRIS and HCM.
- Scale and adapt your HR suite as your organization grows.
FREQUENTLY ASKED QUESTIONS
Total rewards are a strategy that combines everything organizations give to employees–including direct and indirect compensation–when workers meet specific business goals. Direct compensation includes monetary payments, such as salary and wages. Indirect compensation involves non-cash benefits that have an indirect monetary value, like health insurance and paid leave. It can also involve perks such as flexible working schedules, career development opportunities, and recognition for their performance.
Total rewards are essential to organizations because they help to hire and retain top talent. Studies have shown organizations that offer total rewards programs boost employee performance and satisfaction. And organizations can differentiate themselves by highlighting the full value of their workers’ employment, including direct and indirect compensation. Employees are also more likely to be engaged and want to stay with the organization because they feel valued for their contributions.
Total rewards communication software is a dedicated solution that allows an organization to share online or printed statements with employees. The statements contain information about an employee’s total rewards, including their compensation, benefits and other rewards. The purpose is to provide consistent and timely updates about an employee’s total rewards to help increase motivation and loyalty.
Total rewards are often broken down into five components: wages and salaries, benefits, work-life balance, recognition for performance, and career development. Benefits can include health insurance, paid time off, and retirement plan contributions. Work-life balance may involve flexible scheduling, wellness programs, and financial counseling.
