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August 9, 2009

MetLife Launches Benefits Benchmarking Tool

Intended to facilitate employers and brokers enhance their employee benefit programs

By CBR Staff Writer

MetLife, a provider of employee benefits, has introduced its enhanced Web-based Benefits Benchmarking Tool. The tool is intended to facilitate employers and brokers enhance their employee benefit programs.

The tool allows for comparing and contrasting benefits offerings, objectives, strategies, and preferences along more than 80 dimensions such as industry, company size, region, and several employee demographics.

The Benefits Benchmarking tool provides data in three steps. The users can select, view, and download benefits data as it relates to specific marketplace trends based on their interests. The users can compare and contrast the data along multiple variables, claims the company.

Anthony Nugent, executive vice president of MetLife Employee Benefits Sales, said: “Employee benefits programs can be strategic differentiators for employers looking to attract and retain valued employees. It is also important for employers to gain insights into the preferences of their own employee demographics in order to design the most effective programs for addressing employee loyalty, satisfaction and retention goals.”

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