Ladbrokes is piloting total reward statements among 100 employees, with a view to rolling them out to more than 1,000 staff next year.
The statements, which are intended to boost employees’ awareness of their benefits package, will include details of base pay, bonuses, long-term incentives and other perks such as cars and private medical insurance.
Sara Davies, HR director, reward at Ladbrokes, said: “We are confident that total reward statements will help us attract and retain performance-orientated employees and maximise [staff] engagement.”
Those who receive the statements will be asked to complete a survey asking them about their understanding and value of the service.
If the pilot is successful, then Ladbrokes is planning to roll the statements out to 1,000 head office and managerial field-based employees in April next year.
Benefex has assisted in the design and implementation of the statements.