How to demonstratereal value from yourbenefits spend

Global Employee Benefits Watch 2016/17

The challenge is…

Annual benefits spend reaches hundreds of millions of dollars globally for the majority of organizations.

But with spend fragmented across markets, countries, providers and products, most HR professionals don’t know the costand impact of their benefits program. 

1 in 4

37 %37% have di�culty reporting globallyon total reward costs

Only 12% can report on ROI

More than 1 in 4 can’t reporton benefits costs at all

15%

Only 15% strongly agree they haveaccurate global benefits cost data

46% don’t have an accurate viewof total benefits costs

46%

So how can you demonstrate real value from your benefits spend?

Global Employee Benefits Watch 2016/17 has identified 3 key pillars of success:

2. Unlock the potential of technology to deliver your vision and needs

1. Build a defined global strategy 3. Enhance your decision making -great data underpins great governance

Build a defined global strategy

The advantages of devising, articulating and rolling out a globally consistent benefits strategy are clear:

Don’t know Ine�ective E�ective Very e�ective

20

40 60

80

0

Percentage of employers

Yes, for more than three years

Yes, for less than three years

No, but writing

No, no plans

Global strategy maturity vs. e�ectiveness in meeting objectives

E�ectiveness increases to more than 80%

80%

are e�ectivelymeeting their

objectives

are e�ectivelymeeting their

objectives

Organizations with an aligned benefits and corporate strategy 76%

Organizations without an aligned benefits and corporate strategy33%

Vs

Unlock the potential of technology to deliver your vision and needs

Technology provides a single solution for cost management, consistent processes and instant access to global benefits data.

What’s more, implementing a centralized global benefits platform can help you reduce resource burden by at least 25% with 40% better global reporting capability and streamlined administration. And many are recognizing the benefit:

Organizations with established globalbenefits technology

Organizations without established globalbenefits technology

meet objectives93%

employee engagement score 79%

meet objectives59%

employee engagement score 64%

Enhance your decision making – great data underpins great governance

Data insights from your benefits program enable you to actively manage, improve and make future business decisions…

Employee engagement score

Those who measure participation and engagement report higher levels of e�ectiveness

Using analytics

73%

Not using analytics

59%

In Summary...

A defined global strategy Great data-analyticsOptimum use of technology

100%+e�ectiveness

14%+employee

engagement

25%-admin burden

40%+superior

reporting

Organizations are achieving…

With these 3 key pillars of success…

Thomsons is a provider of employee benefits and employee engagement software. Our award-winning platform, Darwin™, is the global market leader for automated employee benefits management, connecting employees with their benefits in over 80 countries and 24 languages.

www.thomsons.com

DOWNLOAD your copy of the Global Employee Benefits Watch 2016/17 report

Or TALK TO US connect@thomsons.com

Are you demonstrating real value from your benefits spend?