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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"For those companies with lean HR teams, BCI is a creative solution for improving the employee benefit experience and for streamlining a time-sensitive project."
-Bonnie O’Meara, Vice President-Human Resources
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Employer wanted to use a third party to perform the verification for several reasons:
- Not enough HR staff to perform the process
- Removing ineligible dependents could be viewed negatively by some employees
- Employer’s records were a challenge from an accuracy perspective
- Employer needed more data collected from their employee base – like beneficiaries, emergency contact information, etc.