MetLlife Unveils HR Benchmarking Study

June 28, 2005 ( - Benefits managers who want to see how their offerings stack up against their peers may be interested in seeing MetLife's new annual Benefit Benchmarking report.

A MetLife news release said that the report is based on findings from the 2004 Employee Benefits Trend Study (See Survey: Nearly a Third of Workers Haven’t Started Retirement Savings ) and covers benefits-related topics from the perspectives of both employees and employers.

Among the topics addressed are:

  • employees’ preferred benefits channels
  • their receptivity to voluntary (i.e., employee-paid) benefits
  • their current level of benefits satisfaction.

The study also provides competitive information on

  • employers’ annual investment in employee benefits
  • their benefits objectives
  • use of the Internet for communicating benefit information.

Users can view the data by employer size, industry, and geography, MetLife said.

“As the market for talent continues to heat up, benchmark information about employee satisfaction and benefits offerings is increasingly important,” Neil Marcus, director, market research, for MetLife said in the news release. “With health care premiums escalating at unprecedented rates and employees paying for an ever larger share of their own savings and protection products, corporate benefits plans are in a state of flux. To remain competitive, employers need to monitor market offerings closely and periodically reevaluate their own benefits programs.”

The benchmarking report is available here .