Total Rewards
Want to keep top talent? Make total compensation more visible when it matters most.
A paystub is only part of the picture.
When people start looking for a new job, it’s often because they can’t see how green the grass is right under their feet. Providing total compensation statements with Total Rewards paints the complete picture of an employee’s compensation package, making it easier for them to see how much you’ve invested in them—and how a competing offer might not measure up.
"There’s so much more that goes into showing staff how much they’re valued than providing a paystub. Being able to highlight the scope of what we offer is critical not only to retain staff but to help get the word out there about our business and hopefully bring more people to us."
Jake Alsup, Director of Recruiting and Hiring | Community Counseling Center
Bring total compensation to the most important conversations.
Encourage your employees to look deeper into your company’s total compensation story, and strengthen your retention strategy to boot. Total Rewards statements give a comprehensive overview of everything you’re bringing to the table and can be used during key employee interactions, like new-hire onboarding, merit reviews, and stay conversations.
Close the knowledge gap around equity.
When asked, most employees confess they don’t fully understand their equity grant or its potential for increasing their net worth. Total Rewards clearly communicates the current and predicted value of your equity offering, filling a crucial knowledge gap and ensuring nothing gets lost in translation.
Send powerful, individualized statements in just a few clicks.
Creating compensation statements from scratch is so time-consuming only 14% of employers make the effort. Using the information already in your database, Total Rewards lets you create and send accurate, automated compensation statements in a couple of clicks. These instant, easy-to-read statements help you stand out from the crowd while saving countless hours of work.
Pay transparency starts with always-on access to compensation statements.
Paystubs don’t give employees the full compensation story, and annual compensation statements can feel like “Look how much we spent on you this year” statements, which can ding rather than boost employee satisfaction. With real-time self-service access to their own statements, employees can get more transparency into their true pay and all you invest in them, whenever they want.
Give access to the right people for optimal privacy.
You can activate Total Rewards statements for some or all of your employees, and with Access Levels, you can be confident only approved people can see the statements you create. This protects employee privacy while maintaining the level of pay transparency you feel comfortable practicing as a company.
Everything works together in BambooHR.
All-in-One HR software puts everything in one place.
Total Rewards is part of the all-in-one BambooHR platform, which means you can create compensation statements in the same place you manage your other HR tasks—all powered by the same employee record. No need to switch systems. It also means employees can access their statements in the same place they request time off, view the org chart, get their paystubs, and more.
Our customers say it best.
“ With Total Rewards, it’s easier for staff to see at a glance just how good our benefits actually are. We’re able to show them how much they’re valued.”
-Jacob Alsup | Community Counseling Center
Looking for more?
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Benefits Administration
Make open enrollment, qualifying life events, and new-hire benefits a breeze.