--- title: Using Total Compensation Statements to Attract and Retain description: Utilizing total compensation statements may be one strategy to help employers address their attraction and retention challenges. image: https://blog.nisbenefits.com/hubfs/blog-headers/total-comp-b.jpg --- ![Using Total Compensation Statements to Attract and Retain](https://blog.nisbenefits.com/hubfs/blog-headers/total-comp-b.jpg) # Using Total Compensation Statements to Attract and Retain - Home - [Employee Benefit News for School, City and County Employers](https://blog.nisbenefits.com) - Using Total Compensation Statements to Attract and Retain [ Erin Woulfe ](https://blog.nisbenefits.com/author/erin-woulfe) 08/01/2022 [ Ancillary Benefits](https://blog.nisbenefits.com/topic/ancillary-benefits), [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news) [0 Comments ](https://blog.nisbenefits.com/using-total-compensation-statements-to-attract-and-retain#postComment) 1 Minutes *3 minute read* Attracting and retaining employees has been a persistent struggle throughout the pandemic and remains so today. Utilizing total compensation statements may be one strategy to help employers address their attraction and retention challenges. Total compensation statements can help employers effectively communicate the full value of the benefits they provide, especially when employees are demanding higher wages, whether that be driven by inflation or labor marketing conditions. The statement highlights the monetary value of an employer’s complete benefits package, including any perks that may be overshadowed by traditional benefits. A standard compensation statement may include the following: - Salary - Bonuses - Commissions - 401(k) matching contributions - Paid time off - Coverages for health - Life and disability insurance - Flexible spending account - Employee assistance programs (EAP) - Flexible work arrangements - Wellness rewards (discounts and cash bonuses) - Tuition reimbursement These are only a few examples of what can be included. The information can vary based on the organization and the benefits it provides. Total compensation statements may provide employers with a persuasive tool to aid their retention efforts by showing employees the value of benefits they provide. Helping employees understand their total compensation can raise morale and may increase company loyalty and retention by: - Promoting the idea of total rewards beyond only a paycheck - Providing a dollar amount for benefits that do not seem to have a tangible value - Increasing employee awareness of their benefits and how much those benefits cost the organization - Reducing HR workload by eliminating the need to manually prepare, print, and mail statements - Raising employee morale because they tangibly see the array of benefits offered by their employer - Helping to establish open and honest communication - Guiding employee performance and career development conversations - Showing potential recruits their total calculated compensation to make the organization more competitive in the hiring process Although it can be time consuming to provide, including gathering and presenting benefits data, this cost may be worth the advantages employers may receive to combat current retention struggles. [Download the bulletin](https://blog.nisbenefits.com/hubfs/Blog%20-%20supporting%20documents/bulletin-total-comp-statements.pdf) for more details. [![New Call-to-action](https://no-cache.hubspot.com/cta/default/3325505/7d4cc476-ff48-46c5-929f-09612179e77f.png)](https://cta-redirect.hubspot.com/cta/redirect/3325505/7d4cc476-ff48-46c5-929f-09612179e77f) *This blog is intended to be a compilation of information and resources pulled from federal, state, and local agencies. This is not intended to be legal advice. For up to the minute information and guidance on COVID-19, please follow the guidelines of the Centers for Disease Control and Prevention (CDC) and your local health organizations.* --- #### Tag: [ Ancillary Benefits](https://blog.nisbenefits.com/topic/ancillary-benefits) [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news) #### Share: - [Follow us on Facebook ](http://www.facebook.com/share.php?u=https://blog.nisbenefits.com/using-total-compensation-statements-to-attract-and-retain) - [Follow us on Twitter ](https://twitter.com/intent/tweet?url=https://blog.nisbenefits.com/using-total-compensation-statements-to-attract-and-retain&text=Using%20Total%20Compensation%20Statements%20to%20Attract%20and%20Retain) - [Follow us on Linkedin ](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.nisbenefits.com/using-total-compensation-statements-to-attract-and-retain) - [Follow us on Pinterest ](http://pinterest.com/pin/create/button/?url=https://blog.nisbenefits.com/using-total-compensation-statements-to-attract-and-retain&text=Using%20Total%20Compensation%20Statements%20to%20Attract%20and%20Retaindescription=3%20minute%20read%20Attracting%20and%20retaining%20employees%20has%20been%20a%20persistent%20struggle%20throughout%20the%20pandemic%20and%20remains%20so%20today.%20Utilizing%20total%20compensation[...]&media=https://info.nisbenefits.com/hubfs/blog-headers/total-comp-b.jpg) --- [ #### Tips to Effectively Market Your Benefit Offerings ##### Previous Post ](https://blog.nisbenefits.com/tips-to-effectively-market-your-benefit-offerings) [#### Exercise Can Improve Mental Health ##### Next Post ](https://blog.nisbenefits.com/exercise-can-improve-mental-health) ### Leave a Reply This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. ### Category - [Legislative News (1149)](https://blog.nisbenefits.com/topic/aca-other-legislative-news) - [Health Insurance Solutions (504)](https://blog.nisbenefits.com/topic/health-insurance-solutions) - [COVID-19 (209)](https://blog.nisbenefits.com/topic/covid-19) - [Ancillary Benefits (175)](https://blog.nisbenefits.com/topic/ancillary-benefits) - [Mental Health (122)](https://blog.nisbenefits.com/topic/mental-health) ### Popular Posts [ Steve Smith ](https://blog.nisbenefits.com/author/steve-smith) 02/16/2024 [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions) [ Understanding Embedded vs. Nonembedded Deductibles ](https://blog.nisbenefits.com/understanding-embedded-nonembedded-deductibles) [ Erin Woulfe ](https://blog.nisbenefits.com/author/erin-woulfe) 02/09/2026 [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news) [ IRS Releases 2027 Health Plan Cost-sharing Limits ](https://blog.nisbenefits.com/2027-health-plan-cost-sharing-limits) [ Valerie Ortiz ](https://blog.nisbenefits.com/author/valerie-ortiz) 02/17/2026 [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ The Administrator's Corner](https://blog.nisbenefits.com/topic/the-administrators-corner) [ 4 Employee Wellness Trends You Can’t Ignore in 2026 ](https://blog.nisbenefits.com/2026-employee-wellness-trends) [ Dina Lubben ](https://blog.nisbenefits.com/author/dina-lubben) 11/14/2025 [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news) [ Trump Administration Unveils Plan to Make GLP-1 Drugs Affordable ](https://blog.nisbenefits.com/trump-administration-plan-glp1-drugs-affordable) --- ## Related Posts [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news), [ The Administrator's Corner](https://blog.nisbenefits.com/topic/the-administrators-corner) [ Valerie Ortiz ](https://blog.nisbenefits.com/author/valerie-ortiz) 07 July, 2026 #### [New CMS Report: Healthcare Spending Trends Through 2034](https://blog.nisbenefits.com/healthcare-spending-trends-through-2034) New projections from the U.S. Centers for Medicare and Medicaid Services (CMS) Office of the… [Read More](https://blog.nisbenefits.com/healthcare-spending-trends-through-2034) [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news), [ The Administrator's Corner](https://blog.nisbenefits.com/topic/the-administrators-corner), [ Mental Health](https://blog.nisbenefits.com/topic/mental-health) [ Steve Smith ](https://blog.nisbenefits.com/author/steve-smith) 06 July, 2026 #### [New HHS Rule Expands Catastrophic Coverage Access](https://blog.nisbenefits.com/new-hhs-rule-expands-catastrophic-coverage-access) The U.S. Department of Health and Human Services’ (HHS) Notice of Benefit and Payment Parameters… [Read More](https://blog.nisbenefits.com/new-hhs-rule-expands-catastrophic-coverage-access) [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news) [ Mari Wagner ](https://blog.nisbenefits.com/author/mari-wagner) 25 June, 2026 #### [Federal Court Blocks Key ACA Exchange Restrictions](https://blog.nisbenefits.com/federal-court-blocks-key-aca-exchange-restrictions) A recent federal court ruling blocked stricter ACA Marketplace eligibility and enrollment… [Read More](https://blog.nisbenefits.com/federal-court-blocks-key-aca-exchange-restrictions)