Employee benefits benchmarking: are your benefits competitive?
Offering competitive employee benefits is essential in attracting
and retaining talented employees. But, do you know how your
benefits compare to the market and your peers? Our employee benefits
benchmarking exercise could help you find out.
Why should you benchmark your employee benefits?
Our comprehensive employee benefits benchmarking reports provide you with the information you need to evaluate your employee benefits package by:
- Highlighting potential opportunities to save money and
- Pinpointing uncompetitive benefits policies that could lead to retention risks.
Our reports will also help you develop the best employee benefits package to suit your situation and support you in attracting and retaining talented employees.
At a glance, our employee benefits benchmarking reports will help your company to:
- Understand current practices
- Anticipate market trends
- Identify appropriate employee benefits package
- Target potential plan change and opportunities for cost savings
- Gauge the overall attractiveness of benefits
- Remain competitive when it comes to attracting and retaining talent
Each report includes information about the employee benefits that are typical for a given market.
(Note that not all employee benefits may be relevant for your particular market.)
Obtain invaluable insights with our benefits benchmarking reports
Our bespoke comprehensive employee beenfits benchmarking reports are invaluable to any benefits or HR team concerned with developing sustainable benefits strategies for the future. These reports will allow you to compare your employee benefits to the market and your peers and in turn allow you the opportunity to create the best employee benefits package for attracting and retaining talented employees.
Employee benefits benchmarking: What is covered
It is important to know how to attract and retain employees and your employee benefits package can play a key role. Employee benefits benchmarking lets you to know how your benefits compare to the market and your peers and helps you determine the best employee benefits to suit your organisation
Senior Career Practice Consultant, Mercer Ireland
Are your benefits competive?
Workforce and careers solutions
Mercer is uniquely qualified to help organisations design and execute sophisticated workforce strategies, whether it’s for a multinational organisation or a local company attempting to grow within its market. We provide best-in-class consulting, rigorous analytics, and data-driven insights that help organisations make fact-based decisions.
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Share plans
Reward your people while creating tax efficiencies! If your company is publicly quoted and you offer employees a bonus scheme, one attractive option is a company share scheme. -
Executive compensation
Align executive rewards with business objectives to secure the best leadership talent, while ensuring they meet performance goals and government requirements. -
Workforce rewards
Attract, motivate & retain your workforce by rewarding the right behaviours. Mercer can help with benchmarking, total rewards strategy, career frameworks and more.
Contact our specialists for your benefits benchmarking report!
Mercer can help you by benchmarking your benefits and providing advice on plans that are both cost effective and valued by your employees. We have the breadth and depth of data required to provide you with meaningful information and insights across varying industries and business sizes.