Total compensation statements are a great tool to drive employee engagement and retention - the problem is that traditional printed annual statements are not only outdated from the time they are printed but are expensive and time consuming to produce for HR teams with limited resources. In these slides, former Director of HRIS & HR Operations for Silicon Valley Bank Christopher Ford will share how leading HR departments are transforming an outdated compensation statement process into a value-driven total rewards system that generates measurable improvement in engagement at a lower cost.

1. From Total
Compensation
Statements To A
Total Rewards
System
Guest Presenter: Christopher Ford
Senior Director of HR Operations
Riverbed Technology
TalentTakeaways
webinar & podcast series

2. AGENDAThe Series
TalentTakeaways
webinar & podcast series
Talent Takeaways Series

3. AGENDAAGENDA
 Resource Library
 Product Information
 Product Tour & Demo
The Sponsor
Talent Takeaways Series
Talent Management Made for Managers

4. AGENDAThe Presenter
Talent Takeaways Series
From Total
Compensation
Statements To A
Total Rewards
System
Guest Presenter: Christopher Ford
Senior Director of HR Operations
Riverbed Technology

5. AGENDAThe Agenda
Talent Takeaways Series
 Defining Total Compensation
& Total Rewards
 Total Rewards: Making The Case
 Total Rewards Statements
 Total Rewards Systems
 Cost Considerations
 Case Study
From Total Compensation Statements
To A Total Rewards System

6. AGENDADefining Total Compensation & Total Rewards
Talent Takeaways Series
Total Compensation
Total Rewards
Base Pay Bonus Equity
Medical Dental Vision
Retirement Plans ESPP / ESOP Insurance, Disability, Long
Term and Short Term Care
Commuter Benefits Wellness / EAP Café / Meal Discounts
Deferred Compensation Employee Discounts Vacation (PTO)
Sick / Leave Policies Onsite Services (Laundry,
Automobile, Massage, Day
Care, etc.)
Travel & Expense Policies
Employee Gift Programs
Comp
Base Pay Bonus Equity
Additional Benefits
Medical Dental Vision

7. AGENDADefining Total Compensation & Total Rewards
Talent Takeaways Series
Total Rewards Tip
Replace your offer letters
with an Employee Value
Proposition

8. AGENDATotal Rewards: Making the Case
Talent Takeaways Series
Total Rewards is a
comprehensive valuation of all
employee compensation,
benefits and perks.
Base Pay
Bonus
Equity
Medical
Retirement
Other
$$$$$$
$$$
$$
$$
$$$
$$$
$$$ TOTAL REWARDS
$$$

9. AGENDATotal Rewards: Making the Case
Talent Takeaways Series
 Communicates a broader value
proposition
 Creates greater appreciation from
employees and their families
 Contributes to an employer of choice
differentiator
 The secret sauce for attracting and
retaining top talent

10. AGENDATotal Rewards Statement
Talent Takeaways Series
Benefits
• Increases Employee Engagement
• Decreases Voluntary Turnover
• Increases Retention
• Engages the Employees’ Family
Drawbacks
• Annual Massive “All HR” Project
• Takes months to prepare
• Incredibly Expensive > $100K
• Out-dated before it’s delivered
Annual statement presented to employees providing a comprehensive valuation of
their compensation, benefits and perks.

11. AGENDATotal Rewards System
Talent Takeaways Series
Benefits
• Increases Employee Engagement
• Decreases Voluntary Turnover
• Increases Retention
• Engages the Employees’ Family
Additional Benefits
• One-Time All HR Project
• Significantly Less Expensive
• Updated Regularly
• Greater Functionality (WAVE)
• Access to Powerful Analytics
• Low Cost Continuous Innovation
Annual statement presented to employees providing a comprehensive valuation of
their compensation, benefits and perks.

12. AGENDATotal Rewards System
Talent Takeaways Series
Every company’s cost for a Total Reward Statement or
System is different based on several factors:
Company Size Global vs. Domestic Language Differentiation
Content Features Branding
Audience Differentiation Team / Resources Vendor(s)

13. AGENDATotal Rewards System
Talent Takeaways Series
Sample Cost Comparison

14. AGENDATotal Rewards System Tips
Talent Takeaways Series
What are the considerations for an effective Total Reward System?

15. AGENDATotal Rewards Case Study
Talent Takeaways Series
THE CHALLENGE
Financial Services Company already using Total Rewards Statements
 Large Annual Project
 HR Project Team Hated the project!
 Employees didn’t provide + or - feedback
 Felt Like An Expensive waste of time
THE SOLUTION
Already working with HRsoft on a Merit Compensation System
 They shared the Total Rewards System Solution
 We implemented the solution on time for less than the Total Rewards Statement
 We received positive feedback from the CEO, Management Team and employees
 We expanded the use of the Total Rewards System for “Stay Conversations” and better
employee branding

16. AGENDAThe Clear Choice
Talent Takeaways Series
1. Total Rewards presents a better value proposition than Total Compensation
2. Total Rewards Systems offer significantly more advantages than Total Rewards Statements
 Approximately 30% Lower Cost Over Time
 One-Time All HR Project vs. Annually
 Updated Regularly
 Greater Functionality (WAVE)
 Access to Powerful Analytics
 Low Cost Continuous Innovation
3. Choosing To Implement A Total Rewards System is the
Clear Choice for the Future

17. AGENDAQuick Take-Aways
Talent Takeaways Series
Things to consider when considering a Total Rewards System
1. Be purposeful with your intent. What opportunity are you looking to achieve?
 Employee Branding, Lower Cost, Better Service, Improved Retention, etc.
 Tie it to company objectives (Attract & Retain Top Talent, Culture / Branding Initiatives)
2. Keep it simple! Start Small / Less Complex and expand from there
 Domestic first
 Consider where your largest employee populations are
 Consider what impact and/or outcome you want to achieve with that population
 Choose features that are easy to monetize
 Pay, Bonuses, Equity, Retirement, All Benefits with Employer Contribution, Employee Gifts,
Commuter Benefits, Meal Programs, Discount Programs
 Choose a manageable update frequency (real-time, weekly, monthly, quarterly)
 Use Good Change Management. Make it a big deal
 Consider easy access by employees and/or their family (mobile device enabled)

18. AGENDAQuick Take-Aways
Talent Takeaways Series
Things to consider when considering a Total Rewards System
3. Build the right team
 Compensation (Total Rewards), HRIS, Benefits, HR Business Partners, Payroll, Marketing, IT,
Vendor
 Have an Executive Sponsor (Head of HR)
 Have a Project Manager
 Involvement / Endorsement from the CEO and Executive Staff

19. AGENDAQuick Take-Aways
Talent Takeaways Series
Things to consider when considering a Total Rewards System
4. Systems Architecture is a key consideration
 Work with your vendor, HRIS and IT on the best overall architectural design. There are
many options
 Two common approaches are:
 Data Warehouse Approach
 Point to Point Approach

20. AGENDAQ & a
Talent Takeaways Series
Live Q&A

21. AGENDAAGENDA
Resources & Support
Talent Takeaways Series
 Resource Library
 Product Information
 Product Tour & Demo
HRsoft.com

22. The Total Rewards Solution
Talent Takeaways Series