Employee benefits. Designed for employees. By employees.
An employee benefits analysis is a research project organizations run to identify the current satisfaction with their benefits packages. This typically looks at your existing benefits package as part of total compensation and assesses both usage and employee reception. This is an essential part of attracting and retaining talent and a recent Glassdoor study found that 60% of people consider benefits and perks a major factor when considering a job while 80% would consider accepting lower salaries in exchange for stronger benefits. A manual analysis can take many months and most organizations only review their benefits once a year. However, new technologies allow organizations to test new packages much more frequently, significantly reducing the cost of such studies and accelerating the timeline.
Design and deliver compelling total reward programs with a benefits optimizer tool that automatically turns employee feedback into the perfect benefits package
- Attract the best candidates with competitive reward and compensation packages;
- Automatically see your optimum benefits package for your budget based on employee feedback;
- Real-time simulation of benefits tradeoffs show you the impact of each option.,
Instant feedback. Instant impact.
No more waiting months for a review of your benefits package – with Benefits Optimizer you can do it all instantly. The powerful conjoint analysis capabilities analyzes the data in real time so you see the results as soon as the responses come in.
Perfect packages, right on budget
Balancing budgets and employee satisfaction is never easy. With Benefits Optimizer you can see the changes that will have the biggest impact on your people, while sticking to your budgets
Keep pace with changing demands
As new benefits options become available or employee demands change, you can adapt quickly to test new packages — no costly analysis or waiting months for a report. The Benefits Optimizer can be leveraged at any moment, not just your scheduled annual reviews.