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Assignment #5: Total Rewards StatementBackground You are the Vice President for Compensation & Benefits at CompuGlobal Corporation. The CEO and Board of Directors have recently made it a priority to send out Total Reward Statements to their employees. A Total Rewards Statement provides employees with a personalized document that communicates the overall value of their financial rewards such as base pay, incentives, and benefits. Many times employees do not realize the actual cost the company pays out for benefits and leave.In order to get this project started, the CEO has tasked you with creating a sample Total Rewards Statement for an employee to be presented to the Board of Directors for review and approval prior to full scale implementation.InstructionsUse the below information to create a Total Rewards Statement for Matt Charvat for the period of July 1, 2015 – June 30, 2016. Your Total Rewards Statement should be a one page document that is customized for each employee’s specific information. Employee Name: Matt CharvatCurrent Job: Information Desk AssociateCurrent Annual Salary: $52,000 ($25.00 per hour)Bonus: 1% of Annual SalaryCompany Paid Benefits Vacation Days Earned: 15 (120 hours)Personal Days Earned: 3 (24 hours)Sick Days Earned: 5 (40 hours)Life Insurance Premium: Annual Salary times 0.25% (0.0025)Short Term Disability (STD): Annual Salary times 0.30% (0.0030)Long Term Disability (LTD): Annual Salary times 0.15% (0.0015)Retirement: 5% of Annual SalaryMedical Insurance: 35% of Annual SalaryDental Insurance: 1.7% of Annual SalaryVision Insurance: 1% of Annual SalaryEmployer Paid Social Security: 7.5% of Annual SalaryUpload your draft Total Rewards Statement to Blackboard via the Assignment #5 Submission link below. You may use the attached Total Rewards Template if you wish or you may create your own unique design. Please include a cover page and Executive Summary on the benefits of providing a Total Rewards Statement to employees. As always, this assignment should be addressed to the CEO and Board of Directors of CompuGlobal Corporation for their review and approval.
2016_total_rewards_statement_template.docx

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2016 Total Rewards Statement – CompuGlobal Corporation
Prepared Exclusively for:
Name
EARNINGS
INCOME PROTECTION
Life Insurance Premium
STD Premium
LTD Premium
Total Income Protection
Cost
Salary
Bonus (1%)
Total Earnings
HEALTH BENEFITS
Medical
Dental
Vision
Total Health Benefits Cost
RETIREMENT BENEFITS
Company Contribution (5%)
Total Retirement Benefit
TIME OFF ACCRUALS
Days
Value
MANDATORY BENEFITS
Social Security (7.5%)
Total Mandatory Benefits
Vacation
Personal
Sick
Total Time Off Accrued
Your Total Compensation
Benefit
Earnings
Income Protection
Health Benefits
Retirement
Time Off
Mandatory
Value
% of Total
Total Compensation
Your Company Paid Benefits make up ______% of your Total Compensation
GRAPH

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