"Benefits decisions are about more than simply cost. A number of factors come into play that, when carefully architected, can transform a benefits program into a long-term strategy for meeting a company's core business objectives. 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.

• Industry Insights and Retirement Planning. Public Administration and Education are two industries leading the way in offering retirement seminars at work. Over two-thirds (69%) of Public Administration employers and 51% of Education employers offer retirement seminars to their employees, compared to 35% of employers overall. The Benefits Benchmarking Tool indicates that this tactic may be paying off in terms of employees' retirement preparedness and employee loyalty. 61% of employees in Public Administration and 54% of employees in Education have a formal retirement plan (compared to 47% of employees overall), and employees in both industry segments say that their retirement benefits are very important influencers of employee loyalty (85% of Public Administration employees and 72% of Education employees).



• Sizing Up Benefits by Company Size. For companies with 5,000-9,999 employees looking to increase employee productivity, work/life balance and wellness programs could be the missing link. While only 25% of employers in this segment say that providing benefits to help employees with work/life balance is a very important benefits strategy, 52% of employees at these companies say these benefits would be very effective at improving their productivity at work. A similar story emerges with respect to wellness programs. Only 33% of employers in this company size segment say that providing wellness programs is a very important benefit strategy, yet 45% of employees at these companies say that their productivity would be favorably impacted by these programs.



• West Leads in Benefits Satisfaction and Effective Communication. Benefits satisfaction in the West is higher than in any other region. About half (49%) of employees at companies in the West say they are very satisfied with the benefits they receive through their employer. This is compared with 42% in the Northeast and Midwest, and only 39% in the South. The Benefits Benchmarking Tool indicates that the West's leading position may be a result of effective benefits communications. In the West, 38% of employees say their employers' benefits communications effectively educate them about their benefits, compared with only 29% of employees in the South. A closer examination of benefits communication strategies by employers across all regions may prove to be helpful in boosting benefits satisfaction levels.

"Employers and brokers alike know that the war for talent is fought across many dimensions, including company size, industry, geography and benefits practices. A fully integrated view of the data provided by the Benefits Benchmarking Tool facilitates the development of a targeted approach to benefits that can maximize their value to employees, enhance the client relationship and increase an employer's competitive edge," added Nugent.

UpComing Event
Annual WITI Women and Technology Summit
WITI (Women In Technology International), the world's leading professional organization for executive women in technology, will truly inspire "Collaboration, Strategy and Growth" through hands on speaking engagements and panel discussions at the Annual WITI Women and Technology Summit in San Jose, CA September 12-14, 2010.

WITI represents the ideal market for business Networking - CIO's, executive women and men as well as leaders in technology from around the world converge at WITI's Annual Women and Technology Summit to discuss and collaborate on innovative solutions to common business challenges, and explore new business opportunities.


Check out our new section 'Facts, Data & Statistics'.

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