Benefit Benchmarking

As the competition to attract and retain the best employees intensifies, employers are wondering what other companies are doing with their benefits. How much do they charge their employees for medical coverage? What's the drug card copay? Does this match the employee contribution in the 401(k)? They are seeing the importance of having a competitive benefits packet.

AVI Services empowers our clients with benefits benchmarking. Our clients are able to know if their benefits are richer or weaker compared to their competitors and whether their employee payroll deductions towards the benefits are in-line. These reports are invaluable in assisting in strategic HR planning efforts, and in being able to accurately evaluate any proposed plan changes.

For example, let's say you are a casino in Northern California with 300 workers. We can provide you with a benefits benchmarking report that compares any of your plans to those of true peer employers. You might want to see if your medical plan co-payments are high, or if your 401(k) matching percentage is competitive within your labor market. We can show you these figures.

With over 5,000 employers in our live database and growing, we are able to draw up-to-date and accurate data from the largest proprietary database of employee benefits data in the benefits industry. Most other benchmarking studies in the mid-market are based on polling methods. Our clients are able to compare the data to similar employers, defined by size range, industry, geographic location and plan types. Our goal is to provide and present you with real analysis using fast, reliable and detail-rich data.

This is a tremendously valuable resource for attracting and retaining quality employees by helping employers to remain competitive with their benefits structure.