Make
your employees aware of their total compensation package. After all, your
employees can't appreciate all those extra dollars the company pays if they
don't know about them.
In
conjunction with preparing an employee's W-2 for 2013, prepare a list of the
amounts that make up his or her total compensation package. Consider going over
each employee's total benefits package during the employee's annual review.
Your
benefits summary should include such items as the following: salary, bonus, pension
plan contribution, deferred compensation, medical and dental insurance, life
insurance, disability insurance, FICA (social security & Medicare), worker's
compensation, and unemployment insurance.
Also,
include the number of paid vacation days, personal days, sick days, and the
value of employer-provided benefits such as work clothing, parking, and meals.
