Specify Your Organization's Benefits

Details how to specify your organization's benefits.

Define Your Organization's Benefits

Made by David Weinrot with Scribe

Benefits are an important component of the Total Rewards that employers offer its employees. Often, these benefits amount to thousands (if not tens-of-thousands) of dollars in non-cash compensation.

OpenComp encourages its customers to enable and specify the benefits it offers employees. Then, OpenComp customers can reference these benefits in both Offer Letters and Total Rewards Statements.

This guide provides step-by-step instructions on how to define your organization's benefits. It covers everything from creating new benefits to setting up categories and titles, providing a comprehensive overview of the process.

To get started, follow these steps.

1. Click the Gear Icon

2. Click "Benefits" from within the Scenario Setting

3. Enable all the benefits that your organization supports

4. Once you enable a benefit, you can enter or update the cash value of the benefit.

5. Click "Done" after you've updated a benefit to save your changes.

6. Repeat the process for all the standard benefits that your organization offers.

7. Click "New Benefit" to additional benefits that your organization offers.

8. Select the "Category" that the benefit falls under.

9. Provide a Title for the Benefit, such as "Home Internet stipend"

10. Enter a description of the benefit such as "$50 per Month Home Internet Stipend".

11. Enter the cash value of the benefit and then click "Add".

12. Click "Save" to enable all your changes.