From Salary Sacrifice to Rice Allowance: White Paper Helps Global Employers Share the Value of Total Compensation

October 24, 2012 No comments | Back To Home

ROCKLIN, Calif. / October 24, 2012 — This summer the Chartered Institute of Personnel and Development (CIPD) reported most UK employers are wasting the money they spend on salaries and benefits by leaving employees in the dark about their true value.

The answer? Total compensation statements. A new white paper from Total Rewards Software explains how to successfully launch a global benefits communication campaign using these statements. Included are interviews with corporate benefits executives who share their experiences in rolling out campaigns to overseas offices.

The free article is titled “Spanning the Globe: Building an Effective Total Rewards Communication Campaign.” It’s available for complimentary download at: https://totalrewards.infusionsoft.com/app/page/spanningtheglobe. The paper examines potential pitfalls and offers ways to manage the maze of moving parts.

Cultural differences can be mystifying: in countries such as Germany and Australia, employees engage in “salary sacrifice,” where an employee gives up part of their cash remuneration in return for retirement or other non-cash benefits. In some Asian-Pacific countries, employees are entitled to a “rice allowance,” plus other allowances such as travel and lodging.

Other countries present a dilemma when employees receive state-sponsored benefits, rendering irrelevant any employer-provided benefits.

“Communicating the big picture globally requires choosing the right cultural lens,” explains Ray O’Donnell, founder and CEO of Total Rewards Software. “The task may seem daunting, but the end results are greater employee loyalty and reduced turnover.”

About Total Rewards Software, Inc.
Based in Rocklin, California, Total Rewards Software is a private company founded by business and technology professionals with a mission to deliver high quality and cost-effective total compensation software solutions to employers worldwide. The cloud-based application is used to create statements for employees in more than 40 countries across five continents, including industries such as retail, manufacturing, construction, non-profit, education, financial, insurance, professional services and technology. Visit our website at www.totalcompbuilder.com.

Media Contact:
EL Media for Total Rewards Software
831-632-2183
elrondlawrence(at)att.net

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This entry was posted on Wednesday, October 24th, 2012 at 1:00 am and is filed under Compensation/Incentive Programs, Employee Benefits, General HR, Payroll Services, Talent Mgmt/Employee Relations. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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