What is the Total Rewards Statement?


What is the Total Rewards Statement?

The Total Rewards Statement summarizes your direct and indirect compensation from the University. It includes both compensation paid directly to you and benefits paid by the University on your behalf, such as health insurance. Amounts are expressed on an annual basis but may be calculated differently for each section, as detailed below. Note that Base Pay and Allowances are based on your position(s) that are currently active and do not reflect positions formerly held.

Your Total Rewards Statement is available on your worker profile. From the Workday home page, look for View Your Worker Profile located in the Recommended for You section.  Click Manage Profile. From your profile, click the Compensation tab on the left side.  Then click Total Rewards on the top row.

Your total is $xx,xxx.xx

This amount reflects the total of the University’s contributions on your behalf. It does not include amounts listed in the statement as “Employee Deduction.”  To see how each section is totaled, you may click on the table icon to the upper right of the circle graph.

Base Pay

Base pay is your salary or hourly compensation expressed as an annual amount. Salaried positions are adjusted by the percent time of the position.  Hourly positions are annualized based on hourly rate and scheduled weekly hours.   For example, a half-time employee earning $20/hour: $20 * 20 scheduled weekly hours * 52 weeks = $20,800.

The amount does not reflect any past or future changes but rather your current annualized rate.  It also excludes any adjustments to base pay based on time entry, such as overtime, shift premiums, on-call pay.  Rates from No-Pay Salary Plans are also not included.

If you hold an hourly position with 0 scheduled weekly hours, the amount presented is based on your actual earnings from the prior 12 months.

Allowances

Allowance amounts are calculated based on days worked between the begin and end dates of the allowances within the current calendar year, with the following exceptions.

Longevity and Hazardous Duty allowances are calculated based on the current monthly rate and then annualized.

The following allowances are calculated based on the monthly amount and the begin and end dates of the allowance without being prorated for partial months.

Additional Pay

The total amount displayed is based on payments generated from time codes entered on time sheets for the last 12 months of payroll results.

One-Time Payments

The total amount includes all One-Time Payments for the current calendar year based on the scheduled payment date but excludes any One-Time Payments with a scheduled payment date in the future.

Benefits

Amounts represent the prior 12 months of payroll deductions. Total Rewards amount only includes the Employer Contribution.

For details regarding your insurance coverage, log into My UT Benefits

UT Retirees must log into My UT Benefits to view insurance coverage.

Insurance premium deductions are not included for Academic Graduate Student employees enrolled in AcademicBlue SHIP who pay monthly premiums directly to Academic HealthPlans.

Retirement

Retirement contributions for the prior 12 months of payroll deductions. Total Rewards amount only includes the Employer Contribution.

To enroll in or change your voluntary retirement plan contribution amount, log into UTRetirement Manager

Taxes

Taxes paid for the prior 12 months of payroll deductions. Total Rewards amount only includes the Employer Contribution.