Employees often think that their cash compensation, such as their regular salary or hourly rate, comprises their full compensation. However, this is not the case. It is important for employees to see a comprehensive picture of their total compensation package, which includes cash compensation and non-cash compensation

Cash compensation consists of a regular salary one receives, or an hourly rate, and paid time off, whereas non-cash compensation consists of health insurance benefits employer premium contributions, the employer’s portion of the social security and Medicare tax, and more.

This Total Compensation Statement outlines the cash and non-cash components of an employee’s compensation and portrays a comprehensive picture of what the employee is earning from the company. Many times, employees tend to forget about the non- cash compensation component.

Kandor Group specializes in administering group health benefits so our clients can focus on running their business. Our benefits administration services encompass:

• Annual Enrollment Administration
• Employee Education on Health Benefits
• Processing of Health Insurance Enrollments
• Cancellations and Changes
• Qualifying Events
• Monthly Billing Reconciliation Reviews

For a more macro analysis, Kandor Group conducts compensation benchmarking studies to evaluate the overall competitiveness of employee compensation relative to the market. This analysis is an important component of the multi-layered approach Kandor Group takes in managing Compensation & Benefits.