Article courtesy of Payne Financial Benefits Bulletin newsletter, January 2012 issue.

An attractive benefits program is vital for your recruiting and retention efforts, but is also a significant expense. How do you ensure you are providing a cost-conscious package that is still competitive in your industry?

Benchmark data allows you to compare your offerings with others in your region or industry, providing valuable insight for evaluating your benefits package. Analyzing how other companies structure their plans and what they do to cut costs arms you with vital information when making your own benefit plan decisions.

You can find information for almost any aspect of a benefits program, including total costs, cost-sharing measures, plan design, voluntary offerings, workers' compensation, paid leave and more.

In light of health care reform, benchmark data is even more advantageous. As you make decisions regarding new provisions or requirements, would you find it valuable to know how other employers are handling the issue?

Payne Financial Group Inc. can provide an array of benchmark data to help you evaluate your benefits plan and make informed decisions.