Do your employees understand the value of all that you offer? Are they aware of the unique aspects of your organization that make it a great place to work? Consider developing personalized statements that drive home these important messages.
It’s a safe bet that you spend millions of dollars each year on employee and executive benefits – many of which are not well-known or understood by those they are aimed at. Total reward statements can be a powerful tool in showcasing or reminding employees the intrinsic and monetary value of your employee benefits. Personalized statements can help an organization highlight many less used or understood programs and qualities while answering the question, “What does it mean for me?”
Milliman employee communication consultants have produced total reward statements for over 15 years for clients of all sizes and across many industries. We are uniquely positioned to assist you in preparing online and print statements.
Full-service technical and functional capability
We handle the entire process in-house and do not contract the data management. Depending on the number of employees, fulfillment may be managed by our vendors who specialize in this type of work. We have the ability to accept multiple data feeds and to manipulate and test the data. We adhere to a rigorous, time-tested process that includes several quality reviews throughout.
Expertise in all benefit areas
As we prepare these statements, we are able to take advantage of our health and welfare, pension, defined contribution, and communication expertise to accomplish your goals. This cross-topic experience makes us uniquely suited for total reward statement projects.
Consistent, reliable, and confidential data management
Complex, personalized projects play to our strengths. As a result of managing a high volume of participant data for many companies over the years, we’ve developed processes and protocols that respect the confidentiality and privacy of that data. We understand the importance of performing calculations consistently across print and online media to minimize participants’ potential confusion.
Customized messages for employees
We recognize the importance of communication that is consistent with the direction of the company. Companies get more traction with statements when they tie the total rewards package to organizational goals and values.
Leveraging market survey data
Leveraging market survey data in total reward statements can help articulate the competitive nature of a program. Milliman’s Strategic Rewards consultants manage some of the most respected survey data in the nation – with a particular strength in the Pacific Northwest. We are able to make use of this rich resource as we draft and prepare statements.