Building A Personal Remuneration Report

Are the employees in the organization aware of the benefits they are receiving other than their monthly salaries? Do they realize the value they are receiving through remuneration, bonuses, commissions or other benefits? The value of all these components they receive can easily be reflected to each employee through a personal annual salary and remuneration report, referred to also as a “Virtual 106”. This will give the employee a picture of the benefits he receives over the course of the year, preventing the frustration due to the lack of appreciation by the employees for the benefits they receive.

Such report helps the employees develop greater motivation and loyalty to their workplace. We at Compvision support companies and organizations in creating annual salary and remuneration reports which can be used each year to reflect this important information to them.

WHY IS A PERSONAL ANNUAL SALARY AND REMUNERATION REPORT THE BEST SOLUTION?

  • Presenting and transparency to the employee regarding the monetary value of the total salary and remuneration package.
  • A better understanding by the employee of the components of the pay package he is receiving.
  • Increasing the employee’s sense of satisfaction.
  • Elevating the employees’ sense of value, motivation and trust.
  • A precise, practical tool for controlling the salary costs in the organization.

WHEN IS IT WORTH CREATING A SALARY AND REMUNERATION REPORT?

  • When the salary structure within the organization is complicated. For example, if there are multiple salary symbols or if the salary structure is unusual.
  • The remuneration, bonus and incentive package consists of components which are not paid regularly or which vary in their amount from one paycheck to the next.
  • If there are payments which are not included in the paycheck and which need to be communicated transparently to the employee.

Compvision’s consultants and experts assist in creating annual personal remuneration report tailored to the organization’s budget and needs.

WHY CHOOSE US?

We offer a comprehensive framework for handling the organization’s human resource in general and the remuneration policy specifically, tailored to each company or organization.

We offer partial or full service and are pleased to assist with targeted consulting or with end-to-end execution of the project from the initial brainstorming stage through to submission of the deliverable reports.

We will employ strict control processes ensuring that the information in the reports is precise and faithful to the facts.

Thousands of employees have already received annual personal remuneration reports which have been produced with our support in the following companies, among others: Psagot investment house, Mega Retail, Mellanox, Kamada, and others.

How do we create the report?

We start by defining the needs:

  • Presenting and transparency to the employee regarding the monetary.
  •  A better understanding by the employee of the components of the pay package he is receiving.
  • Increasing the employee’s sense of satisfaction.
  • Elevating the employees’ sense of value, motivation and trust.
  • A precise, practical tool for controlling the salary costs in the organization.
  • אילו מטרות משרת הדו"ח?
  • איך יוצג הדו"ח? באמצעות חוברת צבעונית, מכתב מהודר או בכל צורה אחרת.
  • אילו סעיפים יוצגו בדו"ח?
  • האם המבנה יהיה גנרי או יותאם לכל עובד?
  • האם תבוצע התאמה לעובדים חלקיים?

1

WRITING PROFESSIONAL CONTENT

We believe the personal remuneration report must not contain numbers only. Therefore we will assist you in writing professional explanations and clarifications for each chapter, suited to the target audience.

2

preparing the database

We will assist you in concentrating all the data necessary for the report (salary data, data from management systems, option plans etc.). If necessary we will do the calculations necessary for presenting homogeneous, clear information.

3

managing the project

Production of a remuneration report, especially in a large organization, is a complicated project involving multiple entities within the organization (payroll unit / welfare / intraorganizational communication / legal / finance) and outside it (printing house / graphic design). We will be pleased to serve as the link between all these entities and to track and control the project progress, ensuring it remains within the specified timetable.

4

data control

A Zero Errors policy! Our analysts will inspect the data / sketches / printed booklets throughout the process. We will ensure everything is in order and precise – as it has to be.

We provide the complete support in creating a transparent, reliable, and precise report, which serves as a vital mirror for each employee within the organization or company. Compvision’s consultants are there for you throughout every stage of the creation and assimilation of the report and for managing the entire project.