Benefits Benchmarking Group

Ensuring you are offering market-competitive benefits and total rewards programs that attract and retain the workforce you need to drive success is becoming increasingly important. Employee unmet needs continue to evolve and require employers to rethink their approach. We have the data from over 1,200 organizations to help you understand what employees value from work in the areas of financial, mental and emotional health, workload and life balance.

We have created customizable benchmarking reports by company size and industry, that reveal insights for your strategic total rewards business decisions. 

Help identify cost savings and retention risks for your plans using the latest information that categorizes benefits data by level for selected plan features. This allows for easy comparison of your organization's benefits offering. Our reports provide qualitative comparisons and quantifiable statistics on plan features for basic benchmarking in areas such as retirement/savings, health and group coverage, paid leave, life/disability insurance, and work-life benefits. You can choose from customized report options including an all organizations report (market peer group), custom peer group, or industry peer group.

These products are available for purchase online here.

View benefit values compared to peer groups with analysis ranging from high-level comparisons to detailed total remuneration analysis. Value-based reports include: 

• Basic Benefits Valuation Analysis (Basic BVA) compares the value of benefits versus the custom peer group, including relative rank and index. This analysis generates a common dollar value for benefit plans with varying plan designs and provisions. Statistical comparisons create an “apples to apples” view of your plans to those of the peer group.
• Enhanced Benefits Valuation Analysis (Enhanced BVA) is a custom, comparative, benchmarking report. It analyzes how benefit plans compare to the peer group in degrees of increasing specificity – by all plans together, by plan groupings, and by individual plans. 
• Total Remuneration Index (TRI) is the most complete and comprehensive report that expands on the Benefits Valuation Analysis by including employee salary — determining a Total Reward Value for jobs by combining the effect of the differences in both pay and benefit design. The TRI report helps you see how all the pieces fit together and if changes are needed.