Did you know about the best ways to promote compensation information to your employees on your HR Knowledgebase portal?
Showing employees the full value of the total compensation they receive—pay, benefits, bonuses, discounts and more—raises morale, productivity, motivation, and job satisfaction.
The ultimate result: improved retention.
Promoting Total Compensation
Remind your employees that your organization provides many other rewards besides pay by plugging them prominently on your HR Knowledgebase portal.
Strategies follow:
The Total Rewards Strategy
Infor offers one of the most cost-effective Total Rewards tools on the market.
Our Total Rewards Strategy features customized statements detailing compensation, benefits, work/life flexibility, bonuses, performance recognition, and career development. Multiple editable text areas simplify the process of individualizing statements for each employee.
The Total Rewards application includes an optional widget for easy access to employees’ Total Rewards statements.
Features include:
- Total Rewards Statement:
Remind existing employees of the full value of their compensation and benefits package.
- Total Rewards Recruiter Statement:
Helps your hiring staff to sell a position to their top candidates with estimated salary, benefits, and bonus information specific to the potential new hire.
- Total Rewards Stock Service Page:
Details your organization’s Employee Stock Purchase Plan (ESPP), the stock options' value, the number of units granted, and how the employee’s contributions to your company goals can increase shareholder value. Stock options constitute a sizeable portion of employees' long term incentive compensation which is a key strategy for retaining essential professionals.
The page:
- Displays valuations based on the current stock price
- Features a grid that displays valuations based on the current stock price
- Stock quotes: 15-minute delayed equity price quotes from almost all U.S. stock exchanges (NYSE,AMEX, etc.)
- Stock Option Modeling Calculator:
Allows users to model the future potential value of their vested and unvested options based on the user's estimates.
- Total Rewards Widget:
This dynamic widget appears on the Knowledgebase Home page. Clicking on the Total Rewards widget’s hyperlinked name directs the user to a personalized Total Rewards Statement. It can include a link to the Total Rewards Recruiting Statement tool (visible to hiring staff only).
FSA Health Care Calculator
When enrolling in a health care FSA plan, employees will appreciate this tool for figuring the best pre-tax amount to pay for their out-of-pocket health care costs.
- Figure annual health care costs for the calendar year
- Determine the amount of pre-tax dollars to contribute to a health care FSA per pay period
- View the annual tax savings
Expense criteria include:
- Medical, dental, vision deductible and copays
- Medical expenses not covered by your health plan
- Prescription expenses not covered by your health plan
- Dental/orthopedic care expenses not covered by your health plan
- Vision care expenses not covered by your vision plan
- Medical equipment and other non-reimbursed medical expenses
For an example of the FSA Health Care Calculator, please see V11 KB: About the FSA Health Care Calculator.
FSA Dependent Care Calculator
Help your employees get the most out of their dependent care FSA plan:
- Figure annual dependent care costs for the calendar year
- Determine the amount of pre-tax dollars to contribute to a dependent care FSA per pay period
- View the annual tax savings
Expense criteria include:
- Child day care center or in-home care
- After-school child care
- Pre-school or nursery school
- Summer day camp
- Elderly or disabled day care center or in-home care
For an example of the FSA Dependent Care Calculator, please see V11 KB: About the FSA Dependent Care Calculator.
For the Home Page
Add posts and links to compensation and company-sponsored benefits and perquisite information to one or more widgets your Knowledgebase Home page.
Employees will see them as soon as they login.
- Announcements widget
- Bulletins widget
- Pay-related uploads and postings
- Pay widget
- Total Rewards application & widget
- Total Rewards-related uploads and postings
- Total Rewards widget
Benefits Content
Add information about compensation, benefits, and perquisites to landing and content pages.
- 401(k) retirement savings plan (authored)
- Basic life and AD&D insurance plan (authored)
- Dental care insurance plan (authored)
- Employee handbook
- FSA Dependent Care plan (authored)
- FSA Health Care plan (authored)
- Health care spending account (HSA) plan (authored)
- Long-term disability (LTD) plan (authored)
- Medical care insurance plan (authored)
- Nonqualified Deferred Compensation plan (authored)
- Profit sharing plan (authored)
- Section 132(f) tax-free transit plan (authored)
- Short-term disability (STD) plan (authored)
- Vision care insurance plan (authored)
For questions or more information, contact your HRSD Customer Success Manager.
