Flimp, an employee benefits communications solutions provider, has unveiled a new Total Rewards Statements product aimed at mid-market employers seeking to enhance their employee retention strategies. The solution offers customizable, personalized reports that comprehensively display an employee's total compensation package, including monetary and non-monetary benefits.
The new product allows companies to create detailed, branded statements that go beyond traditional salary information. By highlighting wellness benefits, career development opportunities, time off, and other perks, employers can provide transparency and demonstrate the full value of their compensation investments.
Key features of the Total Rewards Statements include seamless data integration from multiple HR and payroll systems, customizable design templates, and secure delivery options. Employers can choose from ten pre-designed style templates or create a custom design that aligns with their organizational culture.
According to Flimp CEO Wayne Wall, the statements help employers communicate their total investment in employees, potentially increasing appreciation, engagement, and talent retention. The personalized reports can be generated and delivered within two weeks, offering an affordable alternative to more expensive enterprise solutions.
By providing employees with a clear, comprehensive view of their compensation package, Flimp's Total Rewards Statements aim to address a critical challenge in today's competitive job market: helping workers understand and appreciate their total value to an organization.
