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These reports help to view measurable benefit values against selected peer groups with analysis that ranges from a high-level comparison to the more detailed total remuneration analyses
Mercer provides a variety of solutions to value benefit plans starting at a high level comparison of your plans against a peer group, moving to more in depth analysis of your total remuneration package. Each report provides information on Retirement/Savings, Health and Group, Paid Leave, Life/Disability, and Work Life benefit plans providing an opportunity to:
Mercer’s benefits database is continuous and updated each month and contains information on:
The Basic Benefits Valuation Analysis (Basic BVA) compares the value of benefits versus the custom peer group, including relative rank and index. This analysis generates a common dollar value for benefit plans with varying plan designs and provisions. Statistical comparisons create an “apples to apples” view of your plans to those of the peer group. Use Basic BVA for:
Mercer removes impact of geographical differences, claims experience, and negotiating influences to hone analysis on design only.
This report offers all the information included in the Basic BVA as noted above plus 11 sample employee profiles with varying employee demographic data (age, service, salary, marital status). The Enhanced BVA will allow you to compare your benefits against your selected peer group as well as display gaps in coverage among employees within your own organization
The Total Remuneration Index (TRI) is the most complete and comprehensive report that expands on the Benefits Valuation Analysis by including employee salary — determining a Total Reward Value for jobs by combining the effect of the differences in both pay and benefit design. The TRI report helps you see how all the pieces fit together and if changes are needed. Use TRI for:
These products are not available for purchase online due to the customization involved. Participant pricing is for all organizations who share their benefits and is required for all value offerings. To participate please click here.
Benefits Selections | Participant |
2024 Basic BVA | US$ 25,000 |
2024 Enhanced BVA | US$ 30,000 |
2024 Total Remuneration (TRI) | US$ 45,000 |
*Total Remuneration is dependent on number of positions. Additional customization adds additional fees for all report types. |