Did you know about Total Rewards Recruiter Statement?
The Total Rewards Recruiter statement is an excellent resource to help your recruiters:
- Sell a position to their top candidates
- Describe the company and what makes it a great place to work
- Simplifies communications about total compensation and career development opportunities
- Delivers information consistency from candidate to candidate
- Distinguish the company as a top employer by presenting a total rewards statement to candidates during the interview process. Few other employers offer one.
The Total Rewards Statement includes offerings with both quantifiable and qualifiable value. It contains the estimated salary and bonus information specific to the potential new hire plus a variety of programs that have personal importance to those within the organization.
The Recruiting Total Rewards Statement Process
1. Complete your applicants' screening interviews.
2. Narrow down the candidate pool.
3. Determine the top candidates.
4. In the Total Rewards tool, prepare a Recruiting Total Rewards Statement for each top candidate, then click Show. Typical entries include:
- Candidate's name
- Annual salary
- Incentive bonus percent
- Sign-on bonus amount
- Hiring Manager's name
- Hiring Manager's title
5. Before the candidate arrives for the final interview, print the Total Rewards Statement. Click either Print Entire Statement for a hard copy, or Print PDF Statement.
6. During the final interview, review the Total Rewards Statement printout with the candidate.
7. Give the candidate a hard copy to take home.
Total Rewards Recruiter Statement Details
The Total Rewards Recruiter Statement includes the following printable pages:
- Home
- Compensation
- Health & Wellness
- Financial Protection
- Retirement & Savings
- Work & Life
The Home page summarizes and highlights the candidates' total compensation package in offer letter format.
The Company Experience section contains:
- A formatted letter containing the customer's preferred content which typically:
- Greets the candidate
- Introduces the Total Rewards Statement
- Promotes the company
- Includes a disclaimer in the footer
The Employer's Contributions to Your Total Compensation section features:
- A three-dimensional circle graph with a color-coded key depicting compensation and benefit types and their percentages such as:
- Cash Compensation
- Statutory Benefits [e.g., LTD and STD insurance]
- Health & Welfare
- Retirement & Savings
- A corresponding table featuring each of these items' value in U.S. dollars and their total value
Topic-Specific Pages
The Total Rewards Recruiter Statement's topic-specific pages feature detailed itemized value entries, amounts, and totals as per the customer's set-up. Typical content follows.
Compensation page
- Annual salary
- Bonuses
- Relocation amount
- Health and financial benefits values
- Total of all of the above
Health & Wellness page
- Detailed list of all available health (medical, dental and vision) plans' and their amounts paid by the employee and by the company
- Flexible spending accounts' employee contribution amount limits
Financial Protection page
Basic and supplemental life insurance, costs, and rates:
- Life insurance
- AD&D insurance
- Business and travel insurance
- Disability insurance
Retirement & Savings page
- Contribution and deferral amounts information
- 401(k) company match
- Social Security amounts
Work & Life page
- Numbers of vacation, holiday, and sick days
- Lists of other benefits, e.g., training, education and transit reimbursement, discounts, charitable matching, and incentive programs
- Links to online company identity content, e.g., Who We Are, What We Do
Maximize your recruiters' wins with Total Rewards Recruiter Statement.
For questions or more information, contact your HRSD Customer Success Manager.
