{"id":2847,"date":"2024-04-08T10:51:41","date_gmt":"2024-04-08T09:51:41","guid":{"rendered":"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/?post_type=article&#038;p=2847"},"modified":"2024-04-08T10:58:57","modified_gmt":"2024-04-08T09:58:57","slug":"what-is-a-total-reward-statement-how-does-it-work","status":"publish","type":"article","link":"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/article\/what-is-a-total-reward-statement-how-does-it-work\/","title":{"rendered":"What Is A Total Reward Statement? How Does It Work?"},"content":{"rendered":"<p><strong>My.Drewberry includes total reward statements. Find out more about how total reward works and where to see your employee benefits breakdown. \ud83e\udd29<\/strong><\/p>\n<hr \/>\n<p>Total reward aims to give you a streamlined view of your entire employee benefits package. It goes beyond the salary you\u2019ll receive to include all the different benefits and perks your employer offers.<\/p>\n<p>It\u2019s implemented by employers through a total reward statement. This document is unique to you, showing the true value of the compensation and benefits you get. From your workplace pension and annual leave entitlement to health insurance and any other extra perks, your total reward statement features your benefits in one place.<\/p>\n<p>Each employee has their own total reward statement. Yours might be different from your colleagues. For example, annual salaries can differ and staff can opt out of workplace pension schemes if they wish, making your statement specific to your benefits.<\/p>\n<h2>What Can A Total Reward Statement Include?<\/h2>\n<p>What your total reward statement includes depends on the benefits your employer provides. Typically, total reward is split into several categories:<\/p>\n<ul>\n<li>Remuneration<\/li>\n<li>Non-financial rewards<\/li>\n<li>Cash-equivalent rewards<\/li>\n<li>Intangible benefits.<\/li>\n<\/ul>\n<p>Each category contains its own benefits. For example, a statement might group benefits in the following way:<\/p>\n<ul>\n<li><strong>Remuneration<\/strong>: Salary and bonus<\/li>\n<li><strong>Allowances<\/strong>: Holiday and learning<\/li>\n<li><strong>Financial<\/strong>: Group Life Insurance and Group Income Protection<\/li>\n<li><strong>Health<\/strong>: Group Health Insurance, Group Critical Illness Cover and wellbeing programmes<\/li>\n<li><strong>Retirement<\/strong>: Pension contributions<\/li>\n<li><strong>Intangible Benefits<\/strong>: Duvet days.<\/li>\n<\/ul>\n<h2>View Your Total Reward Statement In My.Drewberry<\/h2>\n<p>The My.Drewberry platform gives you a breakdown of your total reward package. To see this, login to your portal and head to the My.Drewberry dashboard.<\/p>\n<p><img class=\"alignnone size-full wp-image-2852\" data-original=\"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/My.Drewberry-Dashboard.png\" alt=\"\" width=\"2539\" height=\"1317\" \/><br \/>\nScroll down to the \u201cTotal Reward Statement\u201d card. Here you\u2019ll see a comprehensive breakdown of the benefits and perks you\u2019re entitled to from your employer.<\/p>\n<p>The visual breakdown shows what percentage of your total reward is for which type of benefit. E.g. 84% of the value of your total reward is due to remuneration, which is your salary. This would also include bonus structure or commission if applicable to your company and job role.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2944\" src=\"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/04\/Total-Reward-Statement-My.Drewberry-screenshot-Privacy-turned-on.png\" alt=\"\" width=\"772\" height=\"670\" srcset=\"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/04\/Total-Reward-Statement-My.Drewberry-screenshot-Privacy-turned-on.png 1162w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/04\/Total-Reward-Statement-My.Drewberry-screenshot-Privacy-turned-on-300x260.png 300w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/04\/Total-Reward-Statement-My.Drewberry-screenshot-Privacy-turned-on-1024x888.png 1024w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/04\/Total-Reward-Statement-My.Drewberry-screenshot-Privacy-turned-on-768x666.png 768w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/04\/Total-Reward-Statement-My.Drewberry-screenshot-Privacy-turned-on-480x416.png 480w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/04\/Total-Reward-Statement-My.Drewberry-screenshot-Privacy-turned-on-390x338.png 390w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/04\/Total-Reward-Statement-My.Drewberry-screenshot-Privacy-turned-on-467x405.png 467w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/04\/Total-Reward-Statement-My.Drewberry-screenshot-Privacy-turned-on-329x285.png 329w\" sizes=\"auto, (max-width: 772px) 100vw, 772px\" \/><\/p>\n<p>To see the full monetary value of your benefits package, click the \u201cPrivacy Off\u201d toggle. This reveals how much each benefit is worth.<\/p>\n<p>For example, you can see how much has been contributed to your pension scheme per year.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2850\" src=\"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Total-Reward-Privacy-Toggle.png\" alt=\"\" width=\"936\" height=\"804\" srcset=\"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Total-Reward-Privacy-Toggle.png 1175w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Total-Reward-Privacy-Toggle-300x258.png 300w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Total-Reward-Privacy-Toggle-1024x879.png 1024w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Total-Reward-Privacy-Toggle-768x659.png 768w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Total-Reward-Privacy-Toggle-480x412.png 480w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Total-Reward-Privacy-Toggle-394x338.png 394w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Total-Reward-Privacy-Toggle-472x405.png 472w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Total-Reward-Privacy-Toggle-332x285.png 332w\" sizes=\"auto, (max-width: 936px) 100vw, 936px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2856\" src=\"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Pension-Contribution-TS-Example.png\" alt=\"\" width=\"922\" height=\"765\" srcset=\"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Pension-Contribution-TS-Example.png 1211w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Pension-Contribution-TS-Example-300x249.png 300w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Pension-Contribution-TS-Example-1024x849.png 1024w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Pension-Contribution-TS-Example-768x637.png 768w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Pension-Contribution-TS-Example-480x398.png 480w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Pension-Contribution-TS-Example-408x338.png 408w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Pension-Contribution-TS-Example-489x405.png 489w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Pension-Contribution-TS-Example-344x285.png 344w\" sizes=\"auto, (max-width: 922px) 100vw, 922px\" \/><\/p>\n<p>Your total reward statement also shows the yearly value of each benefit.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2857\" src=\"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Yearly-Benefit-Value.png\" alt=\"\" width=\"622\" height=\"666\" srcset=\"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Yearly-Benefit-Value.png 1137w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Yearly-Benefit-Value-280x300.png 280w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Yearly-Benefit-Value-957x1024.png 957w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Yearly-Benefit-Value-768x822.png 768w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Yearly-Benefit-Value-448x480.png 448w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Yearly-Benefit-Value-316x338.png 316w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Yearly-Benefit-Value-378x405.png 378w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Yearly-Benefit-Value-266x285.png 266w\" sizes=\"auto, (max-width: 622px) 100vw, 622px\" \/><\/p>\n<p>By clicking each benefit category, e.g. \u201cHealth &amp; Wellness\u201d, you\u2019ll see how that benefit category contributes to your total reward.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2862\" src=\"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Visual-Toggle-Health.png\" alt=\"\" width=\"685\" height=\"594\" srcset=\"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Visual-Toggle-Health.png 1181w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Visual-Toggle-Health-300x260.png 300w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Visual-Toggle-Health-1024x889.png 1024w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Visual-Toggle-Health-768x667.png 768w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Visual-Toggle-Health-480x417.png 480w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Visual-Toggle-Health-389x338.png 389w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Visual-Toggle-Health-467x405.png 467w, https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-content\/uploads\/2024\/03\/Visual-Toggle-Health-328x285.png 328w\" sizes=\"auto, (max-width: 685px) 100vw, 685px\" \/><\/p>\n<p>If your company introduces a new benefit, it will automatically appear on your card when your employer confirms your benefit.<\/p>\n<p>With total reward statements, you have full visibility of your employee benefits package and can see just how much value your company provides.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>My.Drewberry includes total reward statements. Find out more about how total reward works and where to see your employee benefits breakdown. \ud83e\udd29 Total reward aims to give you a streamlined view of your entire employee benefits package. It goes beyond the salary you\u2019ll receive to include all the different benefits and perks your employer offers. &#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","article-category":[51],"article-tag":[],"class_list":["post-2847","article","type-article","status-publish","format-standard","hentry","article-category-employee-dashboard"],"_links":{"self":[{"href":"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-json\/wp\/v2\/article\/2847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-json\/wp\/v2\/article"}],"about":[{"href":"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-json\/wp\/v2\/types\/article"}],"author":[{"embeddable":true,"href":"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-json\/wp\/v2\/comments?post=2847"}],"version-history":[{"count":11,"href":"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-json\/wp\/v2\/article\/2847\/revisions"}],"predecessor-version":[{"id":2946,"href":"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-json\/wp\/v2\/article\/2847\/revisions\/2946"}],"wp:attachment":[{"href":"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-json\/wp\/v2\/media?parent=2847"}],"wp:term":[{"taxonomy":"article-category","embeddable":true,"href":"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-json\/wp\/v2\/article-category?post=2847"},{"taxonomy":"article-tag","embeddable":true,"href":"https:\/\/www.drewberryinsurance.co.uk\/my\/support\/wp-json\/wp\/v2\/article-tag?post=2847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}