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Products & Services Human Resources Compensation, Rewards, Recognition and Benefits

Benchmarking the Resources and Complexity of Benefits Administration

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ID: 4893


Features:

Metrics, Graphics


Pages/Slides: 93


Published: Pre-2014


Delivery Format: Online PDF Document


 

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Sitewide: Authorizes use of the report for a geographic site. All people at site can view the report for a year and copies can be printed.

Corporate: Authorizes use for the entire company for a year and copies can be printed. No limitations for usage inside the company.




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919-403-0251

  • STUDY OVERVIEW
  • BENCHMARK CLASS
  • SPECIAL OFFER
Non-members: Click here to sign-up for a complimentary tour of
"Benchmarking the Resources and Complexity of Benefits Administration"



Study Overview:

Human Resource departments have the difficult task of providing quality employee benefits while keeping costs low. The structure and complexity of savings, pension, stock options and health & welfare administration have a significant impact on costs. Executives at large companies can use this 93-slide presentation to analyze how other companies design, build, and implement strategy for these benefit administration areas.

Key Topics and Metrics:

  • Defined Contribution (Savings/401(k))
  • Defined Benefit (Pension)
  • Stock Options
  • Health & Welfare
  • Internal versus external vendor stage ownership
  • Number of participants per FTE
  • Cost per participant
  • Plan provisions
  • Participation levels
  • Customer service efficiency

Sample Key Findings:
  • Across all areas studied, benefit administration cost and staff resources are directly related to the complexity of payroll/HR management systems.
  • Outsourcing is a key strategic of benefits administration for savings, pension and health and welfare across the benchmark class.

Methodology:
This research was conducted by Best Practices, LLC through a large Research and Consulting project based on an in-depth survey of 20 companies across six industry groups.

Industries Profiled:
Aerospace; Banking; Manufacturing; Utilities; Energy; Chemical; Pharmaceutical; High Tech; Consumer Products; Telecommunications; Automobile; Health Care; Defense; Financial Services


Companies Profiled:
Boeing; Bombardier Aerospace; DTE Energy; Solvay America; Cisco Systems; Exelon Corp; Coca-Cola; Telephone & Data Systems; DaimlerChrysler; Timken; Ingersoll-Rand; Tyco; KimberlyClark; Lockheed Martin; U.S. Steel; Northrop Grumman; Raytheon; PPG Industries; SBC Communications

If you purchase Best Practice Database document(s), you will have 30 days from the date of purchase to apply some or all of the cost of the document(s) toward the cost of a Full Access Individual, Pharma, Group or University Membership. Write us at DatabaseTeam@bestpracticesllc.com or call David Guinn at 919-767-9179 if you have any questions.