BENCHMARKING TOOL HOME HOW TO USE THE TOOL THE VALUE OF BENCHMARKING       Regional Insights       Company Size Insights       Company Type Insights     Industry Insights       Employee Job Type       Household Income Insights       Generation Insights       Life Stage Insights ABOUT THE DATA This annual Study is the source data for the Benefits Benchmarking Tool. It is unique in its scope and depth  and provides extraordinary levels of detail regarding benefits programs and perceptions of employers and employees. Access the Study

Whether employers are competing for entry-level labor or specialized talent, they need a clear understanding of the benefits practices and product offerings of companies in the same industry or related sectors. Industry comparisons can be useful since many employees and potential hires tend to compare an employer’s benefits program against those offered by direct competitors. MetLife Benefits Benchmarking Tool categorizes the data into nine industries: Education, Finance/Insurance/Real Estate, Legal/Engineering/Accounting, Manufacturing, Public Administration, Retail Trade, Services, Technology, and Transportation. Consider these examples of industry-related differences in benefits attitudes and offerings: Industry Attitudes 52% of Manufacturing employees say they are significantly or somewhat behind in progress toward their retirement goals. 82% of Public Administration employees say their envelope of enrollment material was helpful in making benefits decisions compared to 69% of Technology employees. 59% of Education employers provide their employees with Total Compensation Statements compared to 21% of Legal/Engineering/Accounting employers. Industry Benefits Offerings 69% of Pulbic Administration employers offer flexible work hours while 74% of Finance/Insurance/Real Estate employers offer this benefit. 46% of Service employees are interested in their employers providing access to financial planners for all their retirement needs compared to 64% of Technology employees. 24% of Retail Trade employers say a wider array of voluntary benefits is their most important benefits strategy compared to 12% of Legal/Engineering/Accounting employers. Enlarge | Download View Previous Insight   View Next Insight Source: 6th Annual MetLife Study of Employee Benefits Trends

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