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Employee Engagement
Total Reward Statements
Show your employees the true value of working for you.
Our Total Reward Statements clearly display salary, benefits, and perks in one comprehensive view. These total rewards statements help your team appreciate everything you provide beyond their basic pay.
With 76% of employees unaware of their full benefits package value, our configurable and brandable Total Reward Statements ensure your investment in people doesn't go unnoticed.
Trusted by organisations of all shapes, sizes and industries
The hidden cost of invisible benefits
When employees can't see the full value of their compensation:
- Talented people leave despite receiving great employee benefits
- Engagement drops because employees don’t feel rewarded
- Your benefits budget isn’t reaching its full potential
- Recruitment becomes harder when you can't showcase your true offer
Total Reward Statements solve this by making the invisible visible. One clear, personalised statement shows each employee exactly the total value they get as part of your team.
Transform benefits awareness with our Total Reward Statements
Our market-leading TRS technology, developed through 15+ years of employee benefits expertise, delivers the following:
Contact usFor employees
- Complete compensation clarity: See salary, pension, benefits, and perks totalled in real money terms
- Personalised statements: Only shows benefits they're eligible for and actually receive
- Privacy-first design: Online viewing with hidden values option for open offices
- Anytime access: View and download statements whenever needed
- Eye-opening insights: Understand how benefits like pensions and healthcare add thousands to their employee benefits package
For employers
- Boost retention without raising salaries: When employees see their true value, they're 47% less likely to leave
- Maximise your existing benefits ROI: No need for new perks when current ones finally get noticed
- Full implementation support: Our experts handle everything from data mapping to launch
- Flexible configuration: Include salary sacrifice schemes, internal benefits, and third-party perks
- Legal compliance made easy: Automatically highlight mandatory benefits like pensions and eye care
- Secure data handling: Enterprise-grade security ensures complete data protection
Choose the right Total Reward Statements solution for your organisation
Option 1: TRS Standard
Perfect for organisations wanting to quickly showcase their complete benefits package
What's included:
- Three clear reward groups (Salary, Company Benefits, Additional Information)
- Annual retrospective statements (e.g., tax year view)
- Online viewing and PDF downloads
- Standard professional formatting
- Expert guidance on benefit categorisation
- Full implementation support
Ideal for: Companies seeking a straightforward, effective solution to demonstrate total compensation
Option 2: TRS Plus
Advanced flexibility for organisations with complex or unique reward structures
Everything in Standard, plus:
- Unlimited custom reward groups
- Multiple statement updates throughout the year
- Secure printed statements via post
- Fully branded statement design
- Enhanced personalisation options
- Priority implementation support
Ideal for: Larger organisations or those with sophisticated benefits packages requiring maximum customisation
Expert implementation, guaranteed results
Whichever option you choose, our experienced Implementation Team ensures success through a comprehensive process:
- Strategic consultation on which rewards to include and how to value them
- Data template provision making information gathering simple
- Full project management from kick-off to launch
- Benefits valuation support for hard-to-quantify benefits
- Change management guidance to drive employee adoption
- Ongoing optimisation based on usage analytics
Watch the video to see why Dianne, Head of Benefits at TFG, described her implementation experience as "a proper collaboration".
Your Total Reward Statements questions answered
What exactly are Total Reward Statements?
Total Reward Statements (TRS) are personalised documents that show employees the complete value of their employment package. Beyond basic salary, they include employer pension contributions, benefits like health insurance or life cover, perks such as gym memberships, and any other rewards. Think of it as a "receipt" showing everything you invest in each employee.
How do Total Reward Statements improve retention?
When employees see their true total compensation, they make more informed career decisions. An employee earning £40,000 might discover their package is actually worth £52,000 with benefits included. This transparency reduces the risk of them leaving for a seemingly higher salary elsewhere that might actually offer less total value.
What information can I include in the statements?
Almost anything that adds value to your employees' package:
- Base salary and bonuses
- Employer pension contributions
- Insurance benefits (health, life, income protection)
- Company car or car allowances
- Professional development budgets
- Flexible working value
- Childcare vouchers or workplace nursery
- Gym memberships and wellbeing benefits
- Share schemes and long-term incentives
- Even smaller perks like free parking or subsidised lunches
How long does implementation take?
Typically 6-8 weeks from kick-off to launch. This includes data gathering, system configuration, testing, and employee communications. Our implementation team manages the entire process, so the impact on your HR team is minimal.
Can we update statements more than once a year?
Yes, with TRS Plus you can update statements as often as needed – quarterly, after bonus rounds, or following benefits changes. This keeps your total reward communication current and relevant.
How do you calculate the value of non-monetary benefits?
Our implementation experts help you assign fair values to every benefit. We use industry standards and benchmarks to ensure valuations are accurate and meaningful. For example, flexible working might be valued at £1,000-3,000 annually based on saved commuting costs.
Is employee data secure?
Absolutely. We maintain ISO 27001 certification and use enterprise-grade encryption. Each employee only sees their own data, and our platform undergoes regular security audits. Your data remains under your control at all times.
What's the ROI of Total Reward Statements?
Our clients typically see:
- 20-40% reduction in turnover
- 50%+ increase in benefits utilisation
- 3-6 month payback through retained talent
- Significant savings versus salary increases The average employee undervalues their package by £8,000-12,000. Correcting this misperception is one of the most cost-effective retention strategies available.
Can we integrate with our existing HR systems?
Yes, we work with all major HRIS and payroll platforms. Our implementation team handles the technical integration, whether through API connections or secure file transfers.
How much do Total Reward Statements cost?
Pricing depends on employee numbers and your chosen option (Standard or Plus). Most clients find the cost is offset within months through improved retention alone. [Contact us] for a personalised quote based on your needs.
Ready to show your employees their true value?
Join 2,000+ organisations already using features such as Total Reward Statements as part of their employee benefits platform to improve retention, boost engagement, and maximise their benefits investment.