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Benefits Benchmarking
Understanding the competition is critical to the success of any organization, and that belief rings true with employee benefits. If you want to successfully compete for the best available personnel, you need to take steps to ensure your benefits package is attractive enough to both recruit and retain employees.
The Benefits Benchmarking Report, a service offered by McGohan Brabender, provides your company with elite intelligence on benefit plan design. Through an exclusive online report generator, we can design reports that benchmark your benefit plans against those offered by other similar employers. The sampling of companies used for the reports can be defined by plan type, geographic location, workforce population and industry.
For example, let’s say you are a tool and die manufacturer in the Midwest with 300 workers. We can generate a Benefits Benchmarking Report that compares any of your plans to those of true peer employers. You might want to see if your medical plan co-payments are high or if your Long-Term Disability plan is competitive within your labor market. Our goal with this new ability is to provide and present you with real analysis.
While most benchmarking studies in the mid-market are based on polling methods, this report derives its raw data from one of the largest proprietary database of benefit plans in the industry. When it comes to comparing an employer’s benefits programs against peer companies, there is no report more complete, accurate and relevant than the Benefits Benchmarking Report.
Click here to request a Benefits Benchmarking report for your organization.
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