Total reward statement letter template
Our Total Reward Statement Letter template communicates employees' comprehensive rewards, including benefits, bonuses, and more, highlighting their total package value.
- Includes Total reward statement letter template, plus 12 months’ access with all updates provided free of charge and notified to you.
- UK-specific accuracy.
- 216 words over 1 page.
- Last updated 16/03/2023.
- Format: Word / plain text / email.
- Delivery: Instant download after purchase (no physical item).
- Access: Download link shown here after checkout.
- This Total reward statement letter template will SAVE you up to 1 hour drafting & research. Save cost. Reduce risk.
[Sender name]
[Sender address]
[date]
[Recipient name]
[Recipient address]
Dear [Recipient first name],
Your teward statement for [year]
We are pleased to present you with your Total Rewards Statement, which summarises the value of your compensation and benefits package as of [Date].
Base Salary: [insert base salary amount]
Annual Incentives: [insert annual incentive or bonus amount, if applicable]
Benefits:
- [insert benefit name and value, such as pension scheme contributions, private medical insurance, life insurance, etc.]
- [insert additional benefit name and value, if applicable]
Paid
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Total reward statement letter template purpose
A total reward statement is a document that provides an overview of an employee's total compensation and benefits package. It includes details on the employee's base salary, bonuses or incentives, and the value of any benefits, such as pensions, health insurance, and paid time off. The statement aims to communicate the full value of an employee's package, beyond just their basic salary.
Total reward statements can be an effective way to improve employee engagement and retention by providing transparency and recognition of the value of an employee's compensation and benefits package. It can also help to support a positive workplace culture, by demonstrating an employer's commitment to fair and competitive compensation and benefits.
Total reward statements may be provided to employees on an annual basis, or as part of an ongoing employee communication program. The statement may be provided as a physical document, or it may be available online through an employee portal.
Overall, a total reward statement is a useful tool for employers to communicate the value of their compensation and benefits package to their employees, and to support employee engagement and retention.
Practical application of a Total reward statement letter template
- The Total reward statement letter template should be actioned / delivered annual, or as and when required.
- It is sent / delivered by an employer / HR team to an employee.
Compliance
Compliance
This Total reward statement letter template incorporates relevant UK laws and HR standards, including those listed below:
There are several UK employment laws that employers should consider when issuing a total reward statement letter to their employees. Here are some key employment laws to keep in mind:
- Data Protection Act 2018: Employers must ensure that they are handling employee data in compliance with data protection laws. This means obtaining employee consent to collect and process their data, ensuring that the data is accurate and up-to-date, and protecting the data from unauthorized access or disclosure.
- Equality Act 2010: Employers must ensure that their reward packages do not discriminate against employees on the basis of protected characteristics, such as age, gender, race, or disability. Employers should also ensure that they are providing reasonable adjustments to accommodate employees with disabilities.
- Employment Rights Act 1996: Employers must provide employees with written statements of employment particulars, which include details of their pay and benefits package. Employers should ensure that their total reward statement letter is accurate and up-to-date, and reflects the information provided in the written statement of employment particulars.
- National Minimum Wage Act 1998: Employers must ensure that they are paying employees at least the national minimum wage or national living wage, depending on their age and employment status. The total reward statement should reflect the employee's correct rate of pay.
- Working Time Regulations 1998: Employers must ensure that they are providing employees with their statutory entitlement to paid time off, including annual leave and public holidays. The total reward statement should reflect the employee's correct entitlement to paid time off.
Frequently Asked Questions about a Total reward statement letter template
Frequently Asked Questions about a Total reward statement letter template
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Can I use the Total reward statement letter template in my small business?
Yes. The Total reward statement letter template is designed to be flexible and suitable for organisations of all sizes, including small businesses and charities. It follows UK employment law best practice, so even if you don't have an in-house HR team, you can confidently apply it.
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Is the Total reward statement letter template compliant with 2026 UK employment law?
Absolutely. Like the Total reward statement letter template, all of our templates are drafted with the latest ACAS guidance and UK employment legislation in mind. We review and update them regularly, so you can be confident they remain compliant.
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Can I customise the Total reward statement letter template for my organisation?
Yes, we highlight the areas of the Total reward statement letter template that you need to update with your own details, and where you need to make decisions to suit your situation. This saves you time and ensures that you meet best practice.
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Do I get instant access to the Total reward statement letter template?
Yes. Once purchased, you'll be able to download the Total reward statement letter template instantly. Templates are provided in editable Word or Excel format so you can customise them easily, and in PDF format for easy sharing.
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What if I need more help, not just a Total reward statement letter template?
If you're looking for broader support, we also offer toolkits and library bundles that include the Total reward statement letter template, along with other HR templates and policies for fully managing your situation. These may be more cost-effective if you need deeper advice.
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Why should I use this Total reward statement letter template, and not AI to generate it?
The risk of using a free AI-generated template 'without review' includes your legal exposure, missing context, and no awareness of the wider process, whereas purchasing the Total reward statement letter template from us mitigates that risk.
