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Total Compensation Report Sample: A Guide for HR Professionals

COMPackage

Beyond just base salary, employees value a comprehensive benefits package that contributes to their overall well-being. This guide explores the importance of TCRs, highlights key considerations for crafting effective reports, and showcases sample reports for both salaried and hourly employees. healthcare, PTO). (See

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Total Compensation Report Statements: Unveiling the Value Beyond the Paycheck – Sample Included

COMPackage

Beyond the Dollar Sign: The Power of Total Compensation Traditionally, compensation discussions often focused solely on base salary. TCRS provide a transparent breakdown of all aspects of an employee’s compensation package, including: Base Salary: The core component, outlining the annual or hourly wage.

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Furlough vs. layoff: What’s the difference, and what do employers need to know?

Insperity

To maintain compliance with the Fair Labor Standards Act (FLSA) , exempt workers must be paid their full salary for any week in which they perform work. And if exempt employees only work a partial week due to a government shutdown, you likely still need to pay them a full week’s salary. PTO payout. Are you in search of a PEO?

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How to retain employees and thrive during the Great Resignation

Insperity

Although most of the categories below can be included in a retention strategy, the big three to think about are: Competitive salaries and benefits – Review your salary structure , bonus programs employee benefits and other employee recognition programs to see where you have room to make improvements.

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The high cost of a bad hire – and how to avoid it

Insperity

Consider these results of a 2017 CareerBuilder survey : The average cost of one bad hire is nearly $15,000, factoring in the recruiting, interviewing and selection process; training; and salary. Their salary is another expense. Two in three workers have accepted a job that they later realized was a poor fit.

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Wanna Calculate Your Employee Engagement ROI?

15Five

CTA “ Free template download : The Employee Engagement ROI Worksheet.” According to the Workforce Institute on Absenteeism , businesses saw a drop in absenteeism (unearned PTO) by 41% when teams were engaged in their work. - of average employee salary. CTA “ Download the ROI Calculator. On average, 1.2%

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Is your employee wellness program up to par?

Insperity

As a result, increasing numbers of employees consider their wellness to be equally important as traditional priorities such as job stability, salary and benefits. Download our free e-book: The Insperity guide to employee benefits. Why do employee wellness programs matter? Employee wellness programs versus general benefits.