Aviva is offering total reward statements alongside group personal pensions through a tie-up with Staffcare.
Statements will carry individual companies’ branding and give staff a personal statement of their benefits package including salary, bonus, pension, medical insurance, health screening, life and critical illness insurance, car allowance and holiday.
Information is presented in graphical format so that employees can see a consolidated reward statement and have access to more information including benefit descriptions, booklets, and application forms if required.
Paul Goodwin, head of pensions marketing at Aviva, says: “Aviva’s Total Reward Statement is ideal for employees because it enables them to better understand the value of their workplace benefits; the advantage for employers is that it improves staff engagement. We expect that this will be a growing market over the next few years.”
Phil Hollingdale, founder and CEO of Staffcare says: “Many companies recognise that they could do a better job of communicating benefits to employees and old methods of communication such as printed handbooks and face-to-face meetings do not meet the demands of today’s internet-savvy employees who are used to information on demand.