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Employee Benefits Statement Report
The Employee Benefits Statement Report,
FRM00009, lists the monetary value of the total compensation package
provided to the employee. Each employee's information is printed on a
separate page.
Business Scenario
Business may want to generate employee benefit statements
as part of the salary review process or at the end of the year.
Employee Benefits Statement Report, FRM00009
The employee's benefits statement contains the following
information.
- Benefits
Statement for.... Each
page of the report is titled "Benefits Statement for" followed
by the name of the employee whose compensation package is detailed on
that page.
- Type
of Benefit column. Type
of Benefit column to identify the type of compensation or benefit, such
as Benefit Plan, Payroll Tax, Payroll Deduction, or Benefit Hours
- Description
column. Description
column to identify the description and also benefit hours when applicable
- Employer
Cost column. Employer
Cost of the benefit (when applicable)
- Your
Cost column. Employee
Cost of the benefit (when applicable)
- Total
Employer Benefit Costs. Total
Employer Benefit Costs for the employer's total contributions to the employee's
benefit plans and employer-paid payroll taxes
- Your
Annual Salary. Employee’s
Annual Salary
- Your
Adjusted Compensation. The
employee’s Adjusted Compensation is the employer's costs added to the
annual salary.