webinar - online total compensation statements€¦ · visuals are processed 60,000 times faster in...
TRANSCRIPT
![Page 1: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/1.jpg)
1
Online TotalCompensation StatementsA better way to showcase your employee benefits investment
![Page 2: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/2.jpg)
Will the webinar be recorded?
Yes!We will send you a link to the recording after the webinar.
![Page 3: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/3.jpg)
Will the slides be available?
Yes!We will send you a link to the
PDF after the webinar.
![Page 4: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/4.jpg)
How do you ask questions?Type your question into the
“Questions” panel
![Page 5: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/5.jpg)
Better Technology for a Better Benefits and HR ExperiencePlanSource is a technology company that offers flexible and intuitive software and services for nearly 3.5 million consumers.
![Page 6: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/6.jpg)
6
![Page 7: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/7.jpg)
7
Today’s Speakers
Jessica FoustDirector, Employee Communications
PlanSource
Michael Zaucha, Ph.DPresident and COO
Brain Power Software
![Page 8: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/8.jpg)
Online Total Compensation Statements
Objectives and Value
Best Practices and Considerations
Hyundai Motors America Case Study
Demonstration
Q&A
![Page 9: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/9.jpg)
9
Personalized document that showcases the overall value of an employee’s financial rewards.
What is a Total Compensation Statement?Attract, motivate and retain employees by showcasing the value of benefits
Source: HR Daily Advisor
![Page 10: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/10.jpg)
Importance of Total Compensation StatementsAttract, motivate and retain employees by showcasing the value of benefits
10Source: HR Daily Advisor
95%of employees receiving total compensation statements have a greater understanding of their reward package.
![Page 11: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/11.jpg)
Why Produce a Statement?
11
Keeps employees updated on their current compensation
and benefits
Raises awareness and appreciation for the benefits
your company offers
Shows the total value of working at your company
Reduces cost of benefits administration
![Page 12: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/12.jpg)
What’s typically
included?
Compensation information
Insurance benefits
Leave benefits
Financial security elements
Additional benefits
12
![Page 13: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/13.jpg)
Benefits of
Onlinevs.
Dynamic and interactive
Integrated with online benefits
No printing and mailing!
Engagement analytics
Update/refresh the data
13
![Page 14: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/14.jpg)
14
Who benefits from Total reward statements?
![Page 15: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/15.jpg)
Online Total Compensation Statements
Objectives and Value
Best Practices and Considerations
Hyundai Motors America Case Study
Demonstration
Q&A
![Page 16: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/16.jpg)
16
Retrospective Statement
Prospective Statement
![Page 17: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/17.jpg)
17
Refresh FrequencyYearly, quarterly, monthly, weekly
![Page 18: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/18.jpg)
Retrospective Statement
Prospective Statement
Communications Campaign and Statement Announcement
![Page 19: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/19.jpg)
1919
Retrospective Statement
Prospective Statement
Open Rates and Engagement
![Page 20: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/20.jpg)
20
Retrospective Statement
Prospective Statement
Historical Statements
![Page 21: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/21.jpg)
21
Make it Visual and Interactive90% of information transmitted to the brain is visual
Visuals are processed 60,000 times faster in the brain than text
![Page 22: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/22.jpg)
Online Total Compensation Statements
Objectives and Value
Best Practices and Considerations
Hyundai Motors America Case Study
Demonstration
Q&A
![Page 23: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/23.jpg)
Delivered personalized statements to all U.S. based employees
Annual statements for 2016 and 2017
Custom retirement calculators coupled with calls to action were developed to increase engagement
Hyundai Motors Corp Case Study
![Page 24: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/24.jpg)
Open rates:52% in 2016 | 58% in 2017
Engagement:~5 minutes viewing their statements
Most engaged demographic:51-60 age group
Hyundai Motors Corp Case Study
![Page 25: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/25.jpg)
Online Total Compensation Statements
Objectives and Value
Best Practices and Considerations
Hyundai Motors America Case Study
Demonstration
Q&A
![Page 26: Webinar - Online Total Compensation Statements€¦ · Visuals are processed 60,000 times faster in the brain than text. Online Total Compensation Statements Objectives and Value](https://reader034.vdocument.in/reader034/viewer/2022042403/5f14e097932ad46a02108cf2/html5/thumbnails/26.jpg)
26
Q&AGet in touch with us
www.plansource.com/getintouch
877-735-0468