Total Compensation Statements
Employees often underestimate and underappreciate the investment employers make in their total compensation. BCI prepares detailed Total Compensation Statements to illustrate an employee’s complete benefit and compensation package. These Statements highlight employer contributions, tax savings associated with the total package and retirement funds.
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"Our employees learn about their core benefits prior to making self-service elections on our HRIS; BCI counselors explain how our suite of voluntary benefits complements our core benefits prior to making their choices. It’s a process that’s worked really well for our employees."
-Deborah Bowens, Benefits Manager, Youth Villages
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Industry: Healthcare system
The employer’s biggest challenge was designing effective communications for CDHP in a culture where 85% of employees elected the HMO plan the year prior, and management would not allow an active enrollment.