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What is a total compensation statement & how does it provide value?

Genesis HR Solutions

JULY 3, 2019

This includes gross wages and extra financial compensation, such as bonuses or commissions, as well as the employer-paid portion of retirement plan contributions, insurance premiums, and paid time off benefits. Commissions. Insurance, including health, dental, vision, life, disability, etc. Direct Compensation.

401(k) 40
401(k) Commissions Retirement Plan IT 40
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Are Workers’ Compensation benefits protected against the rising cost of living?

Workers' Compensation Perspectives

JANUARY 1, 2019

To calculate the 2019 CPP rates increase, a formula based on the average national CPI for all items for November 2017 to October 2018 is divided by the average CPI for November 2016 to October 2017 yields a 2.68 percent increase effective January 2019. That increase was effective July 1, 2018.

Workers’ Compensation 52
Workers’ Compensation Pension Health and Welfare Insurance 52
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