HML has launched paper-based total reward statements so that employees can see the full value of their benefits.
The provider of outsourced third-party mortgage administration services is providing its workforce of more than 1,900 employees with the statements following an annual employee survey that revealed that many staff did not recognise the value of their benefits.
The survey also demonstrated that many employees were even unaware of their core benefits as well as the various voluntary benefits that are available.
The statements include details of employees’ salary and bonus payments and also contain information about benefits including life assurance, annual leave, occupational pensions, childcare vouchers, and other core and voluntary perks.
Jane Wilding, reward and benefits manager, said: “HML is proud of the range and scale of the benefits available to our people and we, therefore, wanted to find a way of presenting them that demonstrated their accurate value on an individual basis in a very personal way”HML is a wholly-owned subsidiary of the Skipton Building Society Group.