Benefits Market Analysis and Benchmarking
Employee benefits benchmarking and strategy support
Are your benefits competitive enough to attract talent without overspending?
Many organizations either overinvest in benefits that employees do not value or underinvest in the programs that matter most. Without market data, it is hard to know where you stand.
Our Benefits Market Analysis helps you compare your health, retirement, and paid time off programs to similar employers so you can design a benefits package that is competitive, cost effective, and aligned with your workforce.
What Is a Benefits Market Analysis?
A benefits market analysis, sometimes called benefits benchmarking or a benefits comparison study, evaluates your employee benefits and employer contributions against reliable market data.
We look at programs such as:
- Medical, dental, and vision insurance
- Employer premium contributions
- Retirement and 401k match
- Paid time off and holidays
- Disability and life insurance
- Wellness, voluntary, and supplemental benefits
- Other perks or fringe benefits
Then we compare your offerings to similar organizations.
Why Benefits Benchmarking Matters
Your benefits package is a major part of total compensation and often one of your largest workforce expenses.
A market review helps you:
- Stay competitive in recruiting and retention
- Understand how your benefits compare to other Oregon and Washington employers
- Avoid over or under investing in certain programs
- Allocate dollars where they have the most impact
- Support employee engagement and satisfaction
- Align benefits with your overall compensation strategy
- Make more confident renewal and budgeting decisions
It gives you data to support decisions, not just anecdotes.
How We Help
We analyze your current plans, costs, and employer contributions and compare them to multiple trusted survey sources. From there, we identify gaps, redundancies, and opportunities to better align your benefits with your goals and budget.
You receive:
- Market-based comparisons of benefits and employer contributions
- Clear view of where you lead, match, or lag the market
- Identification of over or under invested areas
- Practical, prioritized recommendations
- Guidance for aligning benefits with your total rewards strategy
Frequently Asked Questions
Benefits benchmarking compares your benefit plans and employer contributions to similar organizations to determine whether your offerings are competitive and cost effective.