Forces outside of your control are driving sweeping changes in the design and shape of your organisation’s employee benefits plan. Total annual benefit costs per employee continue to outpace both workers’ earnings and inflation, while new legislation and regulations add layers of complexity and additional expense.
Today employers must also support a diverse workforce of employees who are working until later in life and with increasing health risks. To meet these challenges and remain competitive, employers must improve their bottom line through improving the physical, mental and financial wellbeing of their employees.
Mercer’s wealth of experience and expertise means we can offer you a more strategic approach to employee benefits.
We use a rigorous methodology to help clients develop benefits strategies that are targeted to their distinct employee populations and budgets and aligned with business and talent objectives. This includes strategies to influence and manage employee behaviour, communicate the value of benefits, and fully integrate health benefits into the total rewards package.
With the strategy set, we then work with the client to develop and deliver specific benefit programmes. This can include medical, dental, behavioural health, life, accident and disability, absence, flexible benefits/employee choice, and voluntary benefits, as well as other innovative benefits programmes.
Our ultimate goal is to enable clients to:
With our help, you can streamline administration, better ensure compliance, and boost employee engagement, often resulting in meaningful cost savings.
Strategy and planning
Stay on top of market trends that matter to you. We’ll help you cut through the noise to develop a winning strategy.
Vendor selection and management
Who’s the best partner for your company? Leverage our deep knowledge of the marketplace to find the right fit.
Design and financing
How competitive is your program, and what’s driving costs? Make sure your plan design and financing are up to the task.
Delivery and communication
Make sure your employees understand the value of their benefits by designing the right level of support to create your best employee experience.
At Mercer, we don’t believe in a one-size-fits-all solution. Working closely with clients, we identify pain points and then develop a well-defined strategy and systematic process.
We work with clients of all sizes, from small local businesses to huge multinational organisations. Our extensive experience allows us to identify best practices and scale them to meet your needs.