Compensation/Benefit Statements will allow employers to communicate the value of benefits and employer contributions to an employee’s overall employment offering.
To turn on Compensation Statements for employees, enter a current date in Benefits > Compensation Statements > SHOW STATEMENT DATE. From that date forward, or until the HIDE STATEMENT DATE is specified, employees can view the statement from their dashboard by clicking Benefit Statement.
On the Benefits > Compensation Statements page, Brokers or Company Administrators can add custom verbiage and turn on or off specific plans to be included in the statement.
The Cover Letter message verbiage can be customized. Anything in brackets must not be edited. The system will map data from company and employee profiles into these fields.
The plans that are currently open will display on the statement but plans can be deselected if they should not be included on the statement by using the INCLUDE IN COMPENSATION STATEMENT options.
Select INCLUDE PLAN COST IN CALCULATION to show or hide plan costs on the statement.
Holidays, Sick Hours, Personal Hours and Payroll Tax are automatically defaulted to display. The Payroll Tax rates are currently followed by the federal guidelines. The tax rate fields can be edited, if needed.
To view the updated Compensation Statement, click on Preview Statement. Please note, the employee’s record must have their compensation and compensation type entered in order for the statement to reflect accurately.
Employees can view their Benefit statements on the dashboard when they log in. Benefit statements are only available for viewing online in the EaseCentral site.
Medical plans and plan costs are included in the calculation for the Compensation Statement displayed below.
View a more detailed overview below about setting up Compensation Statements. Compensation Statements can be added by agency employees and/or Company Administrators.