Total transparency of your Total Rewards Statement

Question 1

Total Rewards Statement: What is it?

Answer

1. A condensed view of an employee's total remuneration package

A Total Rewards Statement centralises what an employee receives during the year, including financial and non-financial benefits.

2. A visual and intuitive approach to a remuneration package

The ISB is personalized for each employee. It is therefore unique. Its pedagogical format improves the employee's overall understanding.

3. An innovative HR tool that goes further than the payslip!

A company's remuneration policy isn't just about salary! A Total Rewards Statement provides visibility of an employee's full remuneration package. The TRS increases understanding and knowledge about the commitment to them from their employer

Question 2

Why set up a Total Rewards Statement?

Answer

The aim of a Total Rewards Statement is to enhance the social culture and HR policy of the company. Setting up employee benefits is good, making them visible to employees is better! A TRS meets three main objectives:
✔️ Employee commitment and loyalty
✔️ Boostinginternal communications
✔️ Elevating employer brand

Question 3

Who benefits from a Total Rewards Statement?

Answer

A TRS is beneficial for HR teams, employees and managers alike.
To find out more about the use of the TRS download our TRS White Paper - by clicking here.

Question 4

When is a Total Rewards Statement needed? When do you use it?

Answer

Historically, the Bilan Social Individuel has been used:
- during annual appraisal interviews
- when an employee is hired
- during onboarding

The BSI live Worklife, on the other hand, enables you to enhance your compensation package throughout the year. Your employees have a clear view of their compensation and benefits at all times! To find out what BSI can do for your company, schedule a personalized demonstration.

Question 5

What's included in a Total Rewards Statement?

Answer

A Total Rewards Statement includes an employee's full remuneration, including financial and non-financial benefits.*

*Among the financial benefits:
- gross and net salary
- bonuses
- employee savings
etc

*Among the non-financial benefits:
- training
- health insurance
etc

Have a look at what makes up a TRS by downloading our White Paper - Total Rewards Statements, by clicking here

Total transparency of your Total Rewards Statement

A unique solution to upgrade the impact of your Total Rewards Statement

Boost your existing remuneration package

Show your commitment to maintaining employee purchasing power

Retain your employees in the long term

Bring a multitude of provisions together in one place

Your most frequently asked questions about the Live Total Rewards Statement with Worklife

Would you also like Worklife to finance sustainable commuting, home care services and remote work allowance?