Why benchmarking your benefits is important
In today’s competitive market, a strong benefits package is key to attracting and retaining top talent. Regular benchmarking of your benefits package helps you:
- Attract and retain top talent by ensuring your offerings are competitive and aligned with employee expectations.
- Optimize costs to strike the right balance between value for employees and efficiency for your organization.
- Stay compliant with evolving laws and regulations, reducing risks and protecting your reputation.
- Adapt to industry trends to futureproof your benefits strategy and maintain your market edge.
- Drive employee satisfaction and loyalty by addressing gaps and enhancing the overall employee experience.
How we can support you
Our benchmarking insights service gives you access to a host of benefit benchmarking tools and resources – including an advanced database which gathers the latest benefits information from thousands of leading organisations across the globe.
Our database, Benefits Data Source, holds comprehensive information on a variety of employee benefits, from over 18,000 organisations in 111 countries. In Switzerland, we have data from more than 300 companies across a broad range of industry sectors.
In addition to industry-specific, off-the-shelf reports, our team can also conduct in-depth analysis, providing a side-by-side qualitative assessment comparing your benefit design provisions against a peer market with meaningful commentaries to help understand the competitive landscape.
Output is a personalised recommendations and a clear action plan to help tackle areas where your benefits package may not be fit for purpose and the best pathway for ensuring a futureproofed benefits offering.
Our range of in-depth benefits benchmarking solutions
- Benefits online: Benefits Online is an intuitive web application where you can access detailed market information from our main benchmark surveys covering HR policies and benefits design practices
- Benefits Reviews: Provides a side-by-side qualitative assessment comparing your benefit design provisions against a peer market with meaningful commentaries to help understand the competitive landscape
- BenVal: BenVal provides an objective approach to measure your organization’s benefit plan designs, relative to your peers or industry. Effectively determines the market position of your benefits program
- Total Rewards: Measure the overall competitiveness of your total rewards components by leveraging our compensation and benefits databases
