Did you know that benefits can constitute 30 percent to 40 percent of an employee’s total rewards package?
The Department of Human Resource Management is unveiling the new Total Rewards Statement feature, which enables employees to view a graphical breakdown of employer provided compensation and benefits from the prior calendar year, including regular pay, overtime pay, paid leave, sick leave, differential pay, life insurance, bereavement leave, jury duty pay and more.
The feature, located within PeoplePortal, also allows employees to see benefits to which they contribute, such as health plans and supplemental life insurance.
“Our employees are one of our biggest investments and we want them to understand the value of their compensation and benefits package, including benefits that support their mental, physical and financial wellbeing,” said Mark Hubbard, senior vice president of Human Resource Management.
Next to compensation, benefit expenditures represent the second largest payroll expense within Loma Linda University Health, Hubbard said.
The retirement section of the Total Rewards Statement focuses on the employer basic and matching contributions that an employee may receive. The employee paid value represents an employee’s deferral to a tax-sheltered annuity. The work/life section includes the value of items provided by the employer that the employee may or may not be utilizing such as Drayson Center, SmartDollar, AllClear ID, Employee Assistance Program, cafeteria and gift shop discounts and more.
“We feel our comprehensive compensation and benefit package allows us to attract and retain top talent, and the Total Rewards Statement is a tool that will raise employee awareness regarding the total value of the rewards provided by their employer,” said Lizette Norton, vice president of Human Resource Management.
The Total Rewards Statements for Loma Linda University, LLU Medical Center, Children’s Hospital, Behavioral Medicine Center, Shared Services, and Health Education Consortium are now available online through PeoplePortal. The statements are located in the “Employee Self Service” section under “My Total Rewards.”
The Total Rewards Statement for LLU Health Care will be published at a later date in 2017. The Total Rewards Statement for LLU Medical Center – Murrieta is targeted for next year.
For more information, view the FAQ and outline of benefits on the PeoplePortal homepage after signing in, or contact Human Resource Management at ext. 14001 or humanresources@llu.edu for questions.