Communicate the what and why of how you pay
Pay communications are the foundation of employee engagement and retention. Payscale Total Rewards Statements use streamlined technology to add transparency and ensure that your employees can see that their salary is competitive.
Introducing the Pay Transparency Spectrum
Pay transparency is commonly misconstrued as an either/or choice between keeping pay secret and publishing salaries. In actuality, pay transparency is a spectrum that informs your approach to pay communications. Most organisations target being on the upper end of the spectrum where managers use tools like total rewards statements to communicate to individual employees how their pay is determined, where they fall in their pay range and how to grow with the organisation.
Make pay communications easy with total rewards statements
Total reward statements (TRS) are tools used by managers to show employees the breakdown of their compensation and benefits so employees understand the full value of their total rewards package.
Auto-generated and totally customisable
Total rewards statements from Payscale can be tailored to specific employees or groups of employees. They also come with historical views to help managers track the growth of employees over time.
- Integrate total rewards communications with compensation management
- Choose from a variety of templates to simplify and standardise
- Customise information presented to employees
- Share directly and securely with managers and employees online
- Access historical versions to help managers track employee progression
Why you should use total rewards statements
Build trust
Employees don't know if they are paid fairly and are likely to assume they are being paid below market.
Increase retention
When employees believe they are paid below market, they are more likely to seek out other opportunities.
Stand out
Organisations with clearly communicated pay policies will create differentiated employer brands.
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Services to start improving pay communications
Payscale offers manager training on pay communications and how to use total rewards statements to maximum effect.
Learn about our servicesFresh perspectives on pay communications and total rewards statements
Start communicating clearly about pay with total rewards statements
Ask how our compensation software with total rewards statements can help you get pay right. Fill out our form to request a demo.