Global Total Rewards Statements - Share personalized compensation insights international employees
Who This Affects
Any company who is a Total Compensation customer and has equity-holding international employees.
Total Rewards will illustrate foreign currency for international employees, visualizing 120 different currencies. This is done using real exchange rates loaded into Total Comp. The rates entered are stamped with an effective date/time and so are valid until a more recent record is entered for that currency pair and rate type.
How does it work?
If an employee has their "local currency" set as anything other than $USD, then they will see the currency switcher in the top right of their Total Rewards Statement. The currency toggle will convert any $USD values (equity and benefits) to local currency along with their salary and any target variable pay. Employees can also convert base salary and target variable in local currency to $USD.