Employers recognize that compensation and benefits are integral to their ability to keep and attract employees who foster excellence in their jobs. A total rewards statement is used to increase the employee's awareness of the total value of compensation (both salary and benefits).

A total rewards statement shows the employee's full value of their rewards including employer contributions to benefits, cash compensation, non-cash compensation, perks, and so on.

The Total Rewards functionality provides:
1) A summary of an employee's total rewards at a glance;
2) A breakdown of an employee's total rewards, including explanations and content information, links to existing employee reward details or third-party vendors, and analytic charts;
3) The ability to generate and print a total rewards statement;
4) A configurable framework for defining reward items and aggregating reward data that are internal and external to PeopleSoft.