Faculty and staff to receive annual compensation summaries

A note from UNMC Human Resources about compensation summaries.

Each UNMC faculty and staff member who is eligible for benefits will soon receive a report from human resources that summarizes his or her pay and benefits for 2007.

The individualized “Annual Statement of Earnings and Benefits,” which will be delivered in a pressure-sealed envelope identical to employees’ regular payroll advice form, is intended to help employees understand their total compensation package.

“One of the action steps in the UNMC Strategic Plan is to improve employees’ understanding of their compensation. Based on employees’ response last year, we believe this report is a great way to help accomplish that objective.” John Russell

“One of the action steps in the UNMC Strategic Plan is to improve employees’ understanding of their compensation,” said John Russell, assistant vice chancellor for human resources. “Based on employees’ response last year, we believe this report is a great way to help accomplish that objective.”

Each employee’s report will include his or her annual pay for 2007 and annual university and employee contributions toward each benefit in which the employee was enrolled in 2007. Employer and employee retirement contributions made in 2007 are also displayed on the report.

“Our faculty and staff have found this report to be informative and useful,” Russell said. “We intend to continue to distribute it yearly from this point on.”

Employees can expect to receive the report in February or March each year. In addition, the report will be available through UNMC ESS.

Questions about the report should be directed to Mary Jane Zeini at 559-5875.