The are a number of reasons why there is a growing number of employers who are introducing total reward (or total remuneration) statements:
• To maximise the value of the investment they are making in providing employee benefits; • To give employees complete clarity on the benefits that they receive and their tangible value; • To encourage employees to think in terms of their total remuneration rather than just their base salary “plus benefits”. So when an employee compares their remuneration package with a competitor organisation they are not just comparing base salaries; • To prepare employees for the implementation of flexible benefits. In this way employees become familiar with the concept of pricing their benefits.
