[IASHRM] Total Compensation

[ellen.minchk at act.org]

ACT does not have employee self-serve (on-line) for benefits enrollment or
changes.

ACT provides an annual statement of benefits mailed to the employee's home
each February along with a 14-page booklet that summarizes all benefits. We
also use this opportunity to mail any new summary plan descriptions so to
keep mailing costs down. In the employee newsletter distributed the week
the statements are mailed, a sample employee and explanation of the entries
is presented along with a one-page summary of total company-wide benefit
costs with employee and employer share identified.  Below is the sample and
the explanation.

This is prepared in-house from information maintained in the Oracle HR
system. Calculations are done on an Excel spreadsheet and merged to a Word
document.  It is fairly labor intensive but worth it.

(See attached file: 2008 Sample Employee.doc)(See attached file: 2008
Explanation of Statement of Benefits.doc)
----------------------------------------------
Ellen K. Minchk, SPHR
Manager Compensation & Benefits
Human Resources
ACT, Inc
319/337-1012 voice
319/341-2450 fax


                                                                           
             Steven Zimmerman                                              
             <szimmerman at aea11                                             
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_______________________________

IASHRM Listserv Subscribers,

     My agency is looking for better ways to communicate total compensation
to our employees.  We are considering one page written summaries, but want
to look at other options.  If you are presenting individual total
compensation information to each employee, can you tell us how you are
doing it?  How is the information presented (online, printed copy, email)
and how frequently is it updated?  Can your employees elect to change their
benefits online?

Thanks,

--
Steven Zimmerman, PHR
Benefits and Human Resource Specialist
Heartland AEA 11
(515) 270-0405 ext 14534

Heartland Area Education Agency 11 does not discriminate based on gender,
race, national/ethnic origin, creed, age, marital status, sexual
orientation, or disability. Direct inquiries to the Affirmative Action
Coordinator, 6500 Corporate Dr., Johnston, IA 50131-1603, or Director,
Office for Civil Rights, Chicago, IL 60606-7204.

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