Employee benefits technology provider Flimp has expanded its communication solutions by introducing personalized Total Rewards Statements, offering mid-market employers a strategic tool to enhance workforce retention and engagement. The new product enables companies to create individualized reports that comprehensively display an employee's entire compensation package, extending beyond traditional salary information.
These customizable statements provide a detailed breakdown of monetary and non-monetary benefits, including compensation, bonuses, wellness programs, career development opportunities, and additional workplace perks. By delivering a transparent view of an employee's total value to the organization, companies can potentially improve workplace satisfaction and reduce turnover rates.
Flimp's CEO Wayne Wall emphasized the importance of these statements, noting that they help employers effectively communicate their investment in employees. The platform supports data integration from over a dozen HR and payroll systems, allowing for rapid development of personalized reports within two weeks.
Key features of the Total Rewards Statements include customizable design templates that align with company branding, secure delivery options, and insights that highlight benefit usage. Employers can choose from ten pre-designed style templates or create a custom design that reflects their organizational culture.
The solution addresses a critical challenge in human resources: helping employees fully understand and appreciate their comprehensive compensation package. By presenting a holistic view of an organization's investment in its workforce, these statements can potentially increase employee engagement, transparency, and retention.
With a client base including recognized brands such as Georgetown University, NPR, and Tripadvisor, Flimp's new offering represents a strategic response to evolving workplace communication needs. The modular approach allows organizations of various sizes to customize their benefits communication strategies effectively.
