Faced with the need to attract and retain a competitive workforce and maintain or decrease overall operating costs, employers are looking for meaningful data to guide their benefit decisions.
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The Best-in-Class Benchmarking Analysis produced by Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, looks at how high-performing organizations are addressing these two competing priorities. The analysis looked at data from 1,286 midsize employers and 360 large employers that responded to Gallagher’s 2015 Benefits Strategy & Benchmarking Survey.
Compared to their similar-size peers, both midsize (100-999 full-time employees) and large (1,000+ full-time employees) best-in-class employers are more strategic in managing costs when it comes to employee health and healthcare.