• Helps improve employee engagement, increase productivity and reduce benefit administration costs
• Employees can manage health, workplace benefits and financial affairs in one place
• Nudges employees into improving health and financial wellbeing
Mercer has launched Mercer HarmoniseTM, a digital platform enabling employers and employees to address some of the fundamental health and savings issues facing the UK’s workforce. The platform helps employers to improve employee engagement, increase productivity and reduce benefit administration costs by allowing employees to manage their health, workplace benefits and financial affairs in one place.
Mercer Harmonise, accessible on smartphone, tablet, and desktop, draws together all of an employee’s pensions, insurance and health data – allowing easy planning and management of personal financial and health goals. Employees can set goals, adjust their savings, compare themselves to their peer group, select benefits, and access an increased array of benefits – actions all designed to nudge users into improving their health and finances. All of these digital services are supported by a customer care team of benefit experts and financial advisers who assist users either over the phone, using chat or face-to-face.
Fiona Dunsire, UK CEO of Mercer commented, “Benefit and health costs are increasing as the workforce ages. Most employees are still not saving enough for retirement and won’t be able to retire until much later in life. This has huge ramifications for the workforce. Across all life stages and ages, employees’ personal worries about their health and financial security are having a dramatic effect on how they operate at work. If employees are worried, distracted, not as healthy as they could be, then they are not as engaged as they could be either. Enabling employees to address their concerns is in the interest of employers and employees. Mercer Harmonise is designed to help.”
Niall O’Callaghan, a Partner at Mercer, led the development of Mercer Harmonise. He said: “Mercer Harmonise is designed to help employees understand where they are financially and where they want to be through an intuitive, dynamic and customized interface. It guides them in taking decisive action to improve their future. For employers, it helps improve their benefits and rewards strategy by driving improved engagement, increased productivity and reduced benefit administration costs. The digital interface is built with an understanding of how individuals receive information in real time supported by modern data visualization tools. Mercer Harmonise will inform, not scare, prompting employees to have greater interest and take more control of their critical workplace benefits.”
He added: “Life is increasingly busy and complex. There’s a lot of noise for us all to manage, often related to health or financial issues. We’ve designed Mercer Harmonise to cut through all the noise and jargon. Information is simple, clear and nudges us to take proactive decisions that bring greater peace of mind. Reducing the stress and worry from our daily lives makes us more productive, more energetic and more engaged in all that we do. It takes us one step closer in making tomorrow, today.”
Mercer Harmonise will offer a broad range of products and benefits including:
- Financial wellness (education & guidance)
- Retirement savings products (including consolidation and drawdown);
- Flexible benefits;
- Health products (health risk assessments, digital doctor, medical, optical and dental insurance);
- Risk products (including death, disability and related protection products);
- General Insurance products (such as travel, home and car insurance products);
- Other voluntary benefits (discount schemes and lifestyle offerings).
- Financial (digital filing cabinet, wealth report)
Mercer Harmonise is being offered in different versions to suit companies of varying sizes and requirements. The platform brings together the data aggregation and whole-of-market broking capability of Runpath Digital with the benefits administration technology of Staffcare.
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset – their people. Mercer’s more than 20,000 employees are based in more than 40 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. With 57,000 employees worldwide and annual revenue exceeding $13 billion, Marsh & McLennan Companies is also the parent company of Marsh, a leader in insurance broking and risk management; Guy Carpenter, a leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a leader in management consulting. For more information, visit www.mercer.com. Follow Mercer on Twitter @MercerInsights. In the UK, Mercer Limited is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales No. 9844275. Registered Office: 1 Tower Place West, Tower Place, London, EC3R 5BU.”