Benefits are key in attracting and retaining talent.
Mercer can help you compare and benchmark your Group Life Assurance, Group Income Protection Insurance, Private Medical Insurance and Workplace Savings scheme against our robust health, protection and pensions data. Reports can be general industry, specific industry or a peer cut.
Our UK Employee Benefits Benchmarking will help you to understand how the benefits you offer compare to our data across industry types, number of employees and UK locations.
By gaining an understanding into how your benefit design compares you will be able to:
- Understand the attractiveness of your benefits against your peers and other industries
- Ensure good governance through evidence based decision making in scheme design
- Effectively manage Mergers and Acquisitions activity using insights into market trends
- Identify opportunities for cost savings and effective benefit changes
Reports are available on an individual data point basis or as a full bundle. Prices start from GBP250 for individual data points. Please contact us to discuss your needs using email benchmarking@mercermarshbenefits.com.
Group Life Assurance
- Definition of Salary*
- Lump Sum Benefit*
- Early Retirement Cover*
- Maximum Insured Age*
- Redundancy Cover
- Temporary Absence Provision
- Eligibility
Medical
- Underwriting approach*
- Outpatient Cover Limit*
- Excess/Co-Payment*
- Mental Health Cover*
- Subsidy
- Cancer Coverage
- Cancer Cash Benefit
- Inpatient Psychiatric Treatment
- Specific Stop Loss
- Virtual GP
- NHS Cash Benefit
- Maternity Cash Benefit
- Eligibility
Group Income Protection
- Definition of Salary*
- Basic Benefit*
- Maximum Insured Age*
- Definition of Incapacity*
- Basic Benefit Deduction
- Deferred Period
- Escalation
- Pension Fund Contributions Cover
- Employer National Insurance Contributions Cover
- Limited Benefit Payment Term
- Capital Option
- Eligibility
Workplace Savings
- Provider Charges*
- Minimum Auto Enrolment Contributions Employee*
- Minimum Auto Enrolment Contributions Employer*
- Salary Exchange*
- Pensionable salary definition
- TAA / LTA policy
- Bonus Exchange
- Max employee contributions
- Max employer contributions
- National Insurance Rebate
Finance
- Pension Arrangement
- Benefit Allowance/Flex Pot/Reimbursement Pot
- Car Salary Sacrifice
- Mortgage Advice
- Shares/Savings Plans
- Additional Financial Support
Health
- Medical Insurance
- Dental Insurance
- Healthcare Cash Plan
- Health Assessment
- Gym Membership
- EAP/Wellbeing
- Fertility/Menopause Support
Protection
- Life Assurance
- Spouse Life Assurance
- Income Protection
- Critical Illness Insurance
- Spouse Critical Illness
- Travel Insurance
- Personal Accident Insurance
- Will Writing
Lifestyle
- Holiday Buy/Sell
- Cycle to Work
- Family Care
- Discounted Shopping
- Technology Scheme
- Charitable Giving
- Gadget Insurance