EMPLOYEE BENEFITS CONSULTING
BENECHMARKING
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What is Employee Benefits Benchmarking?
Employee benefits benchmarking is the process of comparing your organization’s benefits offerings—such as healthcare, retirement plans, paid time off, and supplemental perks—against those of similar employers. By leveraging industry data and analytics, companies can gain deep insights into how their benefits stack up in terms of competitiveness, cost-efficiency, and employee value.
This critical analysis equips leaders with the information they need to guide strategic investment in benefits programs and remain competitive in a tight labor market.
Why is Employee Benefits Benchmarking Important?
In today’s rapidly evolving workplace, offering compelling benefits can be just as vital as salary when it comes to attracting and retaining top talent. Benchmarking gives organizations a clear view of:
Plan Design Competitiveness
Are your healthcare and wellness programs aligned with or ahead of market standards?
Cost Efficiency
How do your benefits costs compare to others in your industry or region?
Employee Outcomes
Are your benefits making a measurable impact on employee well-being and engagement?
Strategic Advantage
Are you offering benefits that differentiate you as an employer of choice?
Whether you're evaluating current offerings or planning future enhancements, benchmarking provides the actionable data needed to make informed, confident decisions about your benefits strategy.
Our comprehensive employee benefits benchmarking capabilities equip employers with the information they need to make data-led benefits decisions aligned with and supportive of overall business and people strategies.
Cost Trends
Compare benefits costs, contributions and cost drivers to your competitors, including by industry, company size, geography, or across a specific peer group.
Plan Design
Review and asses the design of your most important benefits plans, including medical, dental, and vision programs, against close competitors for talent.
Employee Engagement
Determine how employees are engaging with their health and benefits plans to identity opportunities to increase program adoption and success.
Health Outcomes
Measure how effective your health and wellbeing offerings are in improving employee health and reducing overall healthcare costs.
Provider Performance
Quantify how your providers are performing compared to others, improving your ability to hold them accountable for delivering a solid return on investment.
Employee benefits benchmarking is the process of comparing your organization’s benefits offerings—such as healthcare, retirement plans, paid time off, and supplemental perks—against those of similar employers. By leveraging industry data and analytics, companies can gain deep insights into how their benefits stack up in terms of competitiveness, cost-efficiency, and employee value.
This critical analysis equips leaders with the information they need to guide strategic investment in benefits programs and remain competitive in a tight labor market.
Why is Employee Benefits Benchmarking Important?
In today’s rapidly evolving workplace, offering compelling benefits can be just as vital as salary when it comes to attracting and retaining top talent. Benchmarking gives organizations a clear view of:
Plan Design Competitiveness
Are your healthcare and wellness programs aligned with or ahead of market standards?
Cost Efficiency
How do your benefits costs compare to others in your industry or region?
Employee Outcomes
Are your benefits making a measurable impact on employee well-being and engagement?
Strategic Advantage
Are you offering benefits that differentiate you as an employer of choice?
Whether you're evaluating current offerings or planning future enhancements, benchmarking provides the actionable data needed to make informed, confident decisions about your benefits strategy.
Our comprehensive employee benefits benchmarking capabilities equip employers with the information they need to make data-led benefits decisions aligned with and supportive of overall business and people strategies.
Cost Trends
Compare benefits costs, contributions and cost drivers to your competitors, including by industry, company size, geography, or across a specific peer group.
Plan Design
Review and asses the design of your most important benefits plans, including medical, dental, and vision programs, against close competitors for talent.
Employee Engagement
Determine how employees are engaging with their health and benefits plans to identity opportunities to increase program adoption and success.
Health Outcomes
Measure how effective your health and wellbeing offerings are in improving employee health and reducing overall healthcare costs.
Provider Performance
Quantify how your providers are performing compared to others, improving your ability to hold them accountable for delivering a solid return on investment.
