MetLife Enhances Benefits Benchmarking Tool

MetLife (New York) has released an enhanced version of its online Benefits Benchmarking Tool, which the carrier says helps employers and brokers maximize the value of their employee benefits programs. The tool now includes the use of customized queries to compare and contrast benefits offerings, objectives, strategies and preferences along more than 80 dimensions, such as industry, company size, region and many employee demographic factors, according to a MetLife source.

The carrier source says that MetLife Benefits Benchmarking Tool provides detail-rich data in an easy-to-use, online format. In three easy steps, users can select, view, and download benefits data as it relates to specific marketplace trends based on their unique interests, according to the source Users can compare and contrast the data along multiple variables, creating over 600 possible charts, to inform actionable results.

"Employee benefits programs can be strategic differentiators for employers looking to attract and retain valued employees. Understanding benefits trends across various industries, geographies, and company sizes is essential since competitors in the war for talent can take many forms. 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," says Anthony J. Nugent, executive vice president, MetLife Employee Benefits Sales.

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio