Benchmarking benefits offerings online

Consulting firms organizing e-data to help HR make comparisons
By John Hobel and Mike Moralis
|CHRR, Guide to HR Technology|Last Updated: 06/20/2002

Database technology allows consulting firms to provide clients with benchmarking tools for benefits comparisons.

Data from human resources consulting firm Towers Perrin’s 30-year-old database of corporate benefits is now available on the Internet to subscribers, delivering Web-based desktop access to detailed benefits data for comparative purposes.

Clients can go online quickly and efficiently to look at different scenarios by industry, says Montreal-based Towers Perrin consultant Christiane Bourassa. Clients can also get trend information and summaries of industry- or company-specific benefits programs for benchmarking. Watson Wyatt offers a similar service to Towers Perrin’s that allows employers to rate their benefits offerings against the competition.