Checklist when revamping benefits
August 30, 2021Careers at Mednefits | Administrative Assistant
November 15, 2021
4 employee benefits metrics you need to monitor (step-by-step guide)
Each year, there is an increasing number of companies that dedicate a significant amount of budget towards employee benefits. Yet, many cannot accurately gauge whether their benefits are truly making a difference in their employee’s lives and the company’s bottom line. This guide will take you through, step-by-step, what metrics to set up in the first place, and why it matters.
What’s in this guidebook?
- What are employee benefits
- Why employee benefits are the backbone of your company
- Why it is so crucial to track employee benefits
- 4 employee benefits metrics you need to monitor (plus step-by-step guide)
- 3 ways to track employee benefits
Track your employee benefits with this guidebook to make sure you’re spending on the right ones that truly make a difference.
The US Bureau of Labor Statistics showed that benefits cost on average $10.83 per hour worked. For 500 employees, your employee benefits could cost you $43,320 a year.
The real question is, how do you make sure you’re spending on the most impactful benefits?
By tracking on the right metrics using the quickest, easiest method.
This guidebook explains the 4 most important metrics you need to track and 3 ways to track them effectively.
FAQ
How do I use this guidebook?
When you’re reviewing your employee benefits and want to know how effective they are, use this guidebook to learn how to track and what metrics you need to focus on.
Is this really free?
Double confirm plus chop! The team here at Mednefits loves sharing our knowledge that we hope you’ll find useful. Just keep us in mind next time you have employee benefits questions!
What are the reasons that lead to an under-utilised employee benefits plan?
For multiple reasons. But the team here thinks there are 3 common reasons: employee benefits are driven from top-down, you’re using the ‘one-size-fits-all’ approach, and your employees simply don’t know what’s available.
You don’t have to spend thousands on employee benefits and pray they work. Use the guidebook to find out how effective your benefits are.
