As part of an organization’s strategy to communicate the complete value of what it offers to employees, which of the following is the most effective option a compensation and benefits manager should select?

As part of an organization’s strategy to communicate the complete value of what it offers to employees, which of the following is the most effective option a compensation and benefits manager should select?
A . Make the salary structure, salary ranges and salary grades public and accessible to all employees.
B . Communicate the higher percentage of health insurance costs that the employer shoulders.
C . Provide detailed messages to employees on the benchmarking process of determining equitable compensation.
D . Provide a customized hidden paycheck to employees.

View Answer

Answer: D

Explanation:

The hidden paycheck is made up of benefits that don’t necessarily show up on a paycheck stub. Hidden paychecks provide a more complete picture of how much an employer spends on employee salaries, wages, and benefits. Hidden paychecks include "hidden" costs such as overtime pay, social security payments, unemployment insurance payments, workers’ compensation, health benefits, sick and vacation days, tuition reimbursements, 401(k) matches, disability insurance, workers’ compensation, etc. Hidden paychecks provide an individualized total compensation statements that shows the total value of an individual’s compensation and benefits package.