Employee Benefits
Our 2023 AZ Benefits Benchmarking Results Announced!
June 8, 2023
Our 10th Annual AZ Benefits Benchmarking Results Breakfast Seminar on June 8th was a great opportunity for employers to review the benchmarking data and new trends and strategies for employee benefits. They also heard from our keynote speaker about the use of data science to provide consumers access to best-performing doctors to achieve better medical outcomes and lower costs.
Knowing how your organization’s employee benefits stack up to other employers has never been more important.
With high inflation and employees expecting more than ever from their employers, this is a time when there has to be balance between budget and benefits. Employers have to find ways to control their healthcare costs while also enhancing their benefits to meet employees’ needs and to remain competitive. To do these things, you need to have a strategy and know how your benefits compare to other employers.
That’s why our Arizona Employee Benefits Benchmarking Survey has become increasingly valuable to employers across the state.
SURVEY IS STILL OPEN!
Your organization can still participate and receive valuable benchmarking information—including a detailed online analysis that shows how your benefits compare to others in Arizona, the nation, your specific industry, city, size and other customizable benchmarks. You can go right to the survey HERE.
Over 200 people attended our Results Breakfast Seminar to learn how competing employers are handling employee benefits to save money and attract and retain employees.
Our Benchmarking Survey Participation Continues to Grow
More than 430 Arizona employers have participated so far this year in our employee benefits survey, an increase of 15% over last year. These employers represent over 93,000 employees and over $1.1 billion in healthcare dollars spent.
The survey highlights the continuing concerns of mid-size employers in our state (10-5,000 employees) about costs and strategies for employee benefit programs. It benchmarks a wide range of employee benefits data against other Arizona employers and employers nationally, with actionable information that employers use to improve their benefit programs.
For more information on the Benchmarking Survey results and other information provided at the Results Breakfast Seminar, read more in our news release.