Arthur J. Gallagher & Co. recently released its Best-in-Class Benchmarking Analysis, a study of high-performing
organizations’ approaches to benefits and compensation intended to guide other
businesses in areas of improvement.
“Employers need to focus on the best
practices that offer the greatest potential to define them as destination
employers,” said Gallagher President of Benefits and Human Resources
Consulting William Ziebell. “Ways to effectively contain healthcare costs
and drive employee engagement change over time.”
According to Gallagher’s analysis, exemplary
midsize and large employers, defined as having 100 to 999 and more than 1,000
employees, respectively, have an active approach to managing health care costs
leading to a majority in each category, avoiding increased employee
contributions to premiums in 2016. Another common thread in both midsize and
large best-in-class employers was a strategic approach to human resources
management, with an emphasis on business and employee performance and strong
promotion of employee success through measures such as timely feedback and
performance goals.
“It’s important to keep current on the
characteristics that distinguish the best in class within a peer group,” Ziebell said. “This analysis provides strategic insights that can help employers
optimize their benefits and compensation approaches to gain a competitive
advantage.”
