Total reward statement websites
As employees' percieved value of pensions has declined due to the well-publicised "pensions crisis", employers have increasingly used Total Reward statements to show employees the full value of all the benefits provided to them. Paper documents can provide this information but the web is increasingly being chosen as a more powerful medium.
Such a website allows an employee to log in to a secure area and see information from all benefit providers, collated and presented so that an overall replacement value can be shown. This requires information to be drawn from all relevant benefit providers and then correctly collated. The website design and content reflects the communication goals of the employer, not those of the benefit provider.
Allen Brown has designed and then led the implementation of a number of such sites, including the largest and most complex such site presently implemented. This project, conducted for one of the world's top 10 companies, covered 100,000 employees globally presenting information from a wide range of sources, all of which was automatically gathered and collated. With employees in over 60 countries, the site was also multi-currency and multi-language.
Since forming ABC, Allen has designed a parameterised system that is designed to reduce the costs of such sites by a significant margin. Contact us for further details.
Note that the term 'Total Reward' is also used in the Flexible Benefits sector but such statement tend to include only insured or voluntary benefits and may exclude significant parts of the package such as pension (especially final salary benefits), car and bonus.