Flimp Launches Total Rewards Statements for Mid-Market Employers

Flimp, a leading provider of employee benefits and HR communications solutions, has expanded its offerings with the launch of a new Total Rewards Statements product tailored for mid-market employers. This addition to Flimp's suite of traditional benefits solutions aims to help companies effectively communicate the full value of their compensation and benefits packages to employees, potentially increasing retention and engagement.

The new Total Rewards Statements are designed to provide a comprehensive overview of an employee's total compensation, including both monetary and non-monetary benefits. These personalized reports feature a cover page, an executive letter, a detailed compensation package breakdown, and key plan highlights. Flimp emphasizes the quick turnaround time, with secure delivery of the statements within two weeks of order.

Wayne Wall, CEO of Flimp, stated, "We're excited to be expanding our team and our offerings to include more traditional benefits materials to help mid-market employers better promote their total rewards investments." He added that the statements provide employees with a clear view of their full compensation package, going beyond just the paycheck.

The introduction of these statements comes at a time when retaining top talent and boosting employee engagement are critical priorities for HR leaders. By offering a value-priced solution, Flimp aims to make comprehensive total rewards communication more accessible to mid-market companies that may not have the resources for more expensive enterprise solutions.

Key features of Flimp's Total Rewards Statements include customization options, with employers able to choose from ten style templates or opt for a custom design that aligns with their brand and culture. The statements can include up to 14 benefits and five compensation categories, providing a detailed breakdown of an employee's total package.

The product also offers data-driven insights, highlighting benefit usage and encouraging employees to take full advantage of available benefits. This transparency is designed to increase employee appreciation for their total rewards package, potentially improving retention and reducing turnover costs.

Flimp has emphasized the seamless process for implementing these statements, providing step-by-step instructions for extracting total rewards data from various HR and payroll systems. The company offers multiple delivery options, including standard PDF distribution, delivery through Flimp Connect (their HITRUST messaging platform), or print/mail services for an additional cost.

The launch of Total Rewards Statements expands Flimp's portfolio of HR and benefits communication solutions, which are used by notable organizations such as Georgetown University, NPR, Swire Coca-Cola, and Tripadvisor. The company's modular approach allows clients to select specific solutions that meet their needs, with the flexibility to integrate into existing benefits communication platforms.

For HR professionals and business leaders, this new offering presents an opportunity to enhance their benefits communication strategy. By providing employees with a clear, comprehensive view of their total compensation, companies can potentially improve employee satisfaction, retention, and overall engagement. The accessibility of this solution for mid-market employers could level the playing field in terms of benefits communication capabilities, allowing smaller organizations to compete more effectively for talent.

As the HR industry continues to evolve, tools like Flimp's Total Rewards Statements may become increasingly important in fostering transparency and appreciation for the full spectrum of employee benefits. This development reflects a growing trend towards more holistic and personalized approaches to benefits communication in the workplace.

Interested parties can learn more about Flimp's Total Rewards Statements and other HR and benefits communication solutions by visiting their website.