When you’re looking for a sample compensation statement template, the key is to choose one that has everything that you need. These statements are a vital tool when it comes to litigation. For example, in a worker’s compensation case, the court or insurance adjuster will read the statements to determine whether or not you’re entitled to any type of recovery. In this article, we’ll take a look at some sample statements and how they can help lawyers draw up winning cases.
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Most of us know the basics of what these statements entail. Basically, a statement will list your names, present and past employers, as well as the dates that you worked for each. The next thing that you need to focus on is the part about the total compensation statements. In most cases, your first statement should be filed with your first employment agreement.
If you’re laid off during the pre-merger phase of your company’s operations, you can expect your first statement to list all of the previously listed information, plus your title, current, or previous job title, and social security number. It should also tell the date that you became employed by your former employer. However, if you were a hired employee and later became a contractor or business owner, your first statement should be filed after your termination. The first things listed should give you a good idea of what your new position entails. This will help the insurance company has come up with a fair estimate of how much you should receive in total compensation.
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Many of the examples of sample total compensation statements that you’ll find online have specific sections where you can indicate the various sources from which your compensation comes. For example, if you have stock options with a particular company, you can indicate that in your contract. The more options you have, the higher your payout will be. On the other hand, if you own stock in any company that has an investment arm, you can indicate such holdings on your compensation statement. These investments are deemed part of your potential earning capacity and are therefore tax-deductible.
Sample compensation statements can provide even more details, which is why it’s a good idea to gather several different statements. Take time to go over your personal data with a fine-toothed comb so that you won’t miss anything. Write down all of the details about your career accomplishments and your awards and accolades. Write down any professional affiliations or groups that you belong to as well.
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When writing a sample compensation statement, keep your emotional feelings about your job at bay. Simply write about the duties and responsibilities that come with your position and your duties and responsibilities as an employee. If there are special projects or goals that you have to meet, discuss these with your supervisor. Don’t mention your personal achievements too often or talk about the success that you’ve had at other companies. If you have any complaints, talk them over with the human resources department first before making them public.
If you’re going to provide your boss with a compensation statement, don’t leave it to the last minute. It should be sent out at least a few weeks ahead of time so that your paperwork will be available for review by your boss and other employees before the actual start of the new year. Don’t sign any agreement to accept compensation before it is reviewed by the company. Signing the agreement is not equivalent to agreeing to what is stated in the compensation statement. The terms and conditions of your new employment agreement will be dictated by the human resources department, not your supervisor.
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Keep in mind that a sample compensation statement doesn’t have to be the same form that your company or division uses. Some states have different laws when it comes to signing compensation agreements. Check with your state Human Resources Department for information about local laws and procedures. Your statement is simply a way for you to make yourself stand out above other applicants and to get an early start on the job search.
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