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BACABA's TOTAL REWARDS STATEMENTS
We're huge fans of Total Rewards Statements. As part of a comprehensive communications strategy, Total Rewards Statements provide the employee with a concise overview of the full value of the investment their company makes in them.
Organizations implementing comprehensive Total Rewards Statement programs typically observe:
- Reduction in voluntary turnover of 10-30%, depending on baseline rates and statement quality
- Increase in employee satisfaction scores related to compensation fairness and recognition
- Improved benefits utilization rates, particularly for underutilized programs like wellness initiatives and professional development
- Enhanced recruitment outcomes, including higher offer acceptance rates and stronger candidate perceptions
- Reduced compensation-related questions and concerns directed to HR
- Stronger alignment between organizational investment in rewards and employee recognition of that investment
What does a Total Rewards Statement look like?
The Total Rewards Statements we craft for our members look like this:
Want to see what a PDF of the report would look like? The type of report that would be emailed to your employees?
Michael Chen - Total Rewards Statement.pdf
BACABA's TOTAL REWARDS PACKAGES
Revelatory report. Concierge levels of service.
Fast results. Absurdly affordable.
FEES
The fee structure for our Total Rewards Statement Packages is straightforward, simple and honest. It works like this:
1) $1000 setup fee (there's a lot involved with getting the data just so and ready to run; includes time spent with you talking about what total rewards elements to include and how each total rewards element is defined)
2) $2.00 per employee
3) There is no #3. That's it!
Example: 2,500 employee organization
Fees would be calculated as:
$1,000 + (2,500 x $2.00) = $4,800, or $2.40/employee
LIMITATIONS
Number of employees is limited to a maximum of 10,000
Number of Total Reward Elements is limited to a maximum of 22; number of Total Reward Categories is limited to 7
U.S. dollars only
DATA REQUEST
Obviously we'll need your data in order to run the Statements. Below is an example of an Excel-based Data Request onto which you'll provide detailed rewards information for each employee. The data request you'll receive will be custom-crafted uniquely for your organization listing your unique compensation and benefit rewards.