Insured Benefits Benchmarking
Our benchmarking service for pension and group risk insurances empowers organizations to evaluate their employee benefits packages against market standards and peer offerings in Switzerland.
How competitive is your pension fund solution?
The second pillar pension scheme is essential for Swiss employees' retirement planning and safeguards them against death and disability. It is a significant contributor to the overall benefits package that organizations provide to their workforce. Therefore, implementing a modern and appealing pension scheme that resonates with the company’s values is crucial for attracting and retaining talented individuals.
Have you ever wondered what a modern and flexible pension solution looks like and how it is implemented in your industry? Do you have any knowledge on how to customize middle management pension plans (1e plans)?
This is where our insured benefits benchmarking solution comes into play. It is designed to provide valuable insights into your pension scheme, helping you identify areas that may be out of market norms and offering guidance on emerging trends. Through a quantitative peer analysis of your pension benefits plan, we deliver tailored recommendations for potential future scenarios. This analysis highlights potential risks and opportunities in critical areas such as insured salary, retirement savings, disability pensions, spouse or partner pensions, orphan child pensions, and death lump sums. We leverage our extensive market-leading database, deep knowledge of industry practices, and advanced technology to deliver a clear and comprehensible benchmark of your pension scheme. Our expertise spans key industries, including Pharma & Life Sciences, Retail, IT, and Finance, ensuring that you can make informed decisions that benefit both your company and its employees based on the latest market trends.
Overall, benefits benchmarking is a strategic tool that enables organizations to enhance their benefits offerings, improve employee satisfaction, and maintain a competitive edge in the labor market.
Alessia Bruhin
Consultant Health, Mercer Switzerland
The main benchmarking options
Our benchmarking services provide a comprehensive approach to evaluating pension benefit plans. We begin with thorough preparation, including data collection and analysis, followed by a kick-off call to align on objectives. Our analysis phase features a quantitative comparison of your pension benefits plan against selected peers, offering tailored recommendations for future scenarios while identifying potential risks and opportunities. We also assess the impact on plan members and organize workshops to facilitate discussion and gather necessary documentation. In the final stage, we refine our preliminary benchmarking report and present the results, delivering a comprehensive final report. Our services include bespoke peer group and market comparisons, covering both base plans and higher management (1e) plans.
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Group Risk Insurance Benchmarking
The benefits being benchmarked include risk and allowance benefits for accident, supplemental accident, and daily indemnity insurance. Examples for comparison include salary caps, allowances, lump sums or private wards in hospitals. -
Benefits Benchmarking Pension Base Plan
The pension benefits benchmarking includes a quantitative peer analysis of your base pension benefit plan, recommendations for potential scenarios going forward, including measures taken by peer groups, and an identification of potential risks and opportunities. -
Benefits Benchmarking Pension Top-Up Plan
Top-up plans, such as management/directors plans or 1e solutions, require special attention. We help you compare individual and special needs in this competitive field.
