Through customized data searches, the tool allows users to compare and contrast benefits offerings, perceptions and priorities along more than 90 dimensions such as company size, industry, region, and employee generation and household income, among others. Over 20 new topics are included in the enhanced tool, including several related to employees’ financial concerns and anticipated changes employers may make to their benefits offerings in the coming months.
“Understanding benefits trends across various demographics positions employers and brokers to recognize the benefits expectations of a specific employee population, and measure an employer’s program against those of competitors. They are better positioned to deliver competitive employee benefits that are highly valued, which can help drive benefits satisfaction, job satisfaction and employee loyalty,” said Anthony J. Nugent, executive vice president, Employee Benefits Sales, MetLife, in the announcement.
The MetLife Benefits Benchmarking Tool uses data from the 8th annual MetLife Study of Employee Benefits Trends (see Longevity Concerns High Among Retirement Savers). The complimentary Tool is available at http://metlife.com/benefitsbenchmark.
MetLife has also released a small business supplement to its 8th Annual Employee Benefits Trends Study (see MetLife Offers Small Businesses Guidance on Building Benefits Program).