Our vision is to provide you with a valuable, easy-to-use resource about employee benefits. We're constantly working to improve the Benefits Benchmarking Tool, so please take a moment and let us know how we could do better.
Employee benefits programs are playing an increasingly critical role in corporate strategy, as they can help address employee loyalty and retention goals, and can also have a significant impact on the bottom line. Companies that benchmark against similar organizations and employee populations are well positioned to gain the insights necessary to design even more competitive and effective benefits programs.
As a practice, benchmarking supports data-driven planning and decision-making, and can be the catalyst for the re-examination and refinement of benefits strategies. Specifically, benchmarking exposes decision-makers to external, and often new, perspectives on benefits practices and can help better align a company's benefits offerings, strategies and communications with employee attitudes and expectations.
MetLife's Benefits Benchmarking Tool is a powerful and easy-to-use resource that provides insight into how benefits objectives, strategies and offerings – as well as employee attitudes and perspectives – vary across regions, industries and other key factors.
The Data
The data driving the Benefits Benchmarking Tool comes primarily from two sources:
The 7th annual MetLife Study of Employee Benefits Trends is based upon two separate sets of research interviews conducted during August and November, 2008 with two distinct respondent groups. The August study survey comprised 1,524 interviews with benefits decision makers at companies with staff sizes with at least 2 employees. The employee sample comprised 1,349 interviews with full-time employees, age 21 and over, at companies with a minimum of 2 employees. Both sets of studies were fielded by GfK Custom Research North America. Click here to learn more.
The MetLife 2008 Open Enrollment Study includes results from a survey of 1,204 employees, conducted online from February 25–March 4, 2008. Fielded by GfK Custom Research North America, the survey is based on responses from a broad cross section of employees, age 21 and older, who are working full-time for a company offering benefits and have at least some say in benefits decision-making for their household.