Total Compensation: Understanding the Value of Your PaycheckPosted April 23, 2012
Total Compensation statements for calendar year 2011 are now available in FlashLine for all full-time employees hired on or before Jan. 1, 2011. This annual statement provides faculty and staff with a complete picture of the financial value of their Kent State employment.
The statements include a summary of the employee's earned income (salary, vacation and sick leave), university contributions for health benefits, the tuition waiver, workers' compensation, Medicare and employee retirement plans (Ohio Public Employees Retirement System, State Teachers Retirement System or Alternative Retirement Plan).
Willis Walker, vice president for human resources, says when it comes to compensation, employees often think only of the dollars and cents in their paychecks. “While we do not want to undervalue the importance of the salary, it’s important to remember that it is only part of the commitment the university makes to each of us,” Walker says. “That commitment also comes in the form of health and welfare benefits, robust vacation benefits, tuition opportunities and retirement benefits.”
Employees can view a summary of their total compensation from two access points in the My HR tab of FlashLine. One is through the Employment Details channel; select Employee Menu and then click on the link to Total Compensation Statements. When you get to the Total Compensation page, select the appropriate year and click Display.
You can also access your statement through the Total Compensation channel by selecting the Your Total Compensation Statement link. When you get to the Total Compensation page, select the appropriate year and click Display.
For assistance with technical problems accessing statements, contact the Helpdesk at 330-672-HELP. For questions regarding information contained in the statement, contact the Benefits office at email@example.com or 330-672-3107.