Employee benefits analytics

If you want to improve well-being, manage costs and retain employees, robust employee benefits analytics informs strategic thinking. Our market-leading approach features HR dashboards that harness your employee health and benefits data, so you can make data-driven decisions.

Employee benefits data analytics

Without good analytics it is impossible to tell if any changes made to your benefits programmes are having a positive or negative impact on employees. It also denies the opportunity to understand the impact your changes have.

Employee benefits cost organisations a substantial amount, but are they valued by employees? Our employee benefits analytics tools help you optimise spend, with employee data reports to show what is and isn’t working.

Employee well-being and in particular mental health are huge areas of focus for employers. Analytics help you proactively impact employees’ health by understanding where improvements can be made, rather than waiting to make reactive changes.

With benchmarking tools to stay ahead in the market and functionality such as 'Future Trends' and ‘What-if' analytics, organisations have a view of the future, enabling strategic initiatives to be implemented and monitored. 

Save time and prevent errors

Instead of manually compiling employee data reports, save time and avoid errors with automated employee health and benefits data collection. We integrate your HR, payroll, employee benefits data and more to give you total benefits oversight.

Calculate return on benefit investment

Use employee benefits analytics to determine overall benefit cost and utilisation, to calculate return on investment ,identify wasted spend, and drive efficiencies by harmonising, and managing benefits collectively.

Reduce health costs

Identify trends to improve employee health and well-being, reduce sickness absence and keep health insurance claims down, minimising direct health costs and the impact of employee ill-health.

Attract and retain talent

Using a combination of employee engagement data and other information, gain insights to boost recruitment and retention of the best talent.

Support business goals

Use analytics to ensure your employee health and benefits efforts are supporting business goals, from driving cost efficiencies to mitigating health risks.

Employee benefits analytics FAQs

Rising employee benefits costs and the war for talent means companies need to ensure their benefits are fit for purpose. Employee benefits analytics can help you identify which benefits your employees are actually using and how much specific benefits cost. These data insights can then be used to identify which benefits need rethinking and which need to be communicated more effectively. HR data reports can also be used to ensure employee benefits are supporting key business goals. For example, the need to attract and retain talent with skills or cost savings.

It can take weeks to manually compile the HR data needed to measure the effectiveness of individual benefits. Automating this process can reduce time and the risk of human error; enabling you to get the insights needed to lower insurance claims and boost employee choice and engagement. Our analytics solutions takes data from multiple sources, to deliver up-to-the-minute insights so you can make data-driven decisions to enhance your strategy.

By understanding the type of medical claims made, and the employee demographics that are making them, organisations can put proactive measures in place to improve the well-being of employees. Ultimately this reduces the organisational impact of sickness and enables organisations to negotiate costs with providers by showing that they are strategically reducing the number of claims that employees make.

After salary, employee benefits are the second biggest people cost. Proactively managing this makes good business sense, especially when it comes to reducing healthcare benefits costs, and creating a culture of health. Employee benefits analytics can also help organisations to progress board-level priorities, ranging from meeting diversity and inclusion targets to attracting and retaining the talent needed to achieve business growth objectives. If you would like us to help you to make the business case for introducing employee benefits analytics at your organisation, we can help.
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