Balance cost with empathy to get maximum return on your benefits
For most businesses, benefits are a major outgoing, comprising around 20% of total payroll costs. Through our actuarial services, Mercer Marsh Benefits can help you get maximum value from this spend and keep unnecessary costs down.
Our actuarial team can help you design and price the most effective benefit plan to suit your demographic and risk profile.
Manage costs to boost benefits value
Maximising value from your benefit spend
Recent global social, economic and political shifts have brought the importance of employer healthcare provision into clearer focus than ever. Consequently, employee benefits are taking an increasingly central role in the employee value proposition.
Companies with operations spread across multiple geographies can find that – unless managed properly – costs and complexity associated with financing and administering benefits can escalate.
Mercer March Benefits can offer additional services relating to both administration (Global Benefits Management) and financing of benefits (multinational pooling arrangements, global insurance programmes and captive arrangements) to help reduce costs and risk.
Innovations and developments arising from an increased focus on sustainability and inclusion, growing need for workplace well-being solutions and a desire for equity across workforces – along with increasing medical costs, means that benefit budgets are struggling to keep pace.
Robust cost containment strategies, focused benefit spend, and efficient financing methods are more important than ever to ensure companies get the most value and impact from their employee benefit budgets.
How Mercer Marsh Benefits financial and actuarial services can help
Actuarial services
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Design for value through coverage provisions, network configuration, and engagement.
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Manage health risk through a data-driven approach that promotes a healthy workforce through targeted interventions.
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Drive efficiencies through smart financing and placement.
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Risk analysis to forecast benefit spend under various scenarios to identify exposure to financial risk and recommend risk management solutions.
Financing solutions
- 1 Captives
- 2 Global Insurance Programs and Multinational Pooling
For companies with a distributed global footprint and a strong balance sheet, using a captive to finance employee medical and risk benefits can potentially lead to lower and more predictable overall costs, improved employee coverage and faster access to comprehensive real-time data.
Using a captive can also bring increased control over governance and design of employee benefits solutions, helping global companies to create a market leading benefits proposition that supports diversity, equity and inclusion within their workforce.
Five governance and financial risks arising from benefits plans
Understanding financial and governance risks
of HR and risk managers agree that governance and financial risks pose a serious threat to the business.
say increasing health, risk protection, and well-being costs are likely, and 45% say these risks could have a catastrophic impact.
of organisations are spending more on benefits per employee, while 60% are increasing investment in employee well-being.