Data Analytics and Benchmarking

Make informed and confident choices about your employee benefits with our data-driven approach that help to ensure your employee benefits programs are effective and competitive.

Leveraging Data to Optimize Utilization

At Evans National, we specialize in leveraging data to ensure your benefits program is cost-effective, highly satisfying for your workforce, and competitive locally, regionally, and nationally.

 

We engage a broad range of resources and insights to deliver a comprehensive and up-to-date data analysis for your employee benefits program.

Data Analytics & Benchmarking Key Benefits

We analyze usage trends and translate complex data into clear and actionable insights to address the key factors driving your program’s costs

Data Analytics & Benchmarking Key Benefits

We analyze usage trends and translate complex data into clear and actionable insights to address the key factors driving your program’s costs

HR Technology Assessment & Needs Analysis

Our HR technology assessment and needs analysis utilize data analytics & benchmarking to evaluate your current processes and pinpoint where technology can significantly enhance efficiency and effectiveness. Using data, we identify areas for improvement and help you integrate the right solutions to meet your specific needs.

Strategic HR Technology Roadmap Development

With a focus on data analytics & benchmarking, we assist in developing a customized HR Tech Roadmap that aligns with your business objectives and HR goals. Our approach ensures that every step of implementation and systems integration is strategically planned and executed for optimal results.

Solutions for Streamlined Workflows

We leverage data analytics & benchmarking to match your HR team with technology solutions that automate manual tasks, such as applicant tracking, performance management, and payroll systems. By remaining vendor-agnostic, we ensure that the solutions chosen are the best fit for your organization.

Compliance & Security

Our data analytics & benchmarking services help you select HR technology solutions that adhere to compliance standards, ensuring secure data storage and management. We prioritize security to protect your organization’s sensitive information.

Reduced Costs

Through automation and improved process efficiency identified via data analytics & benchmarking, we help you achieve significant cost savings and enhance talent management.

Change Management & User Adoption

Applying data analytics & benchmarking, we implement effective change management strategies to prepare your HR team and employees for new technologies, accelerating ROI and improving user adoption.

Leveraging Data Analytics & Benchmarking for Optimal Employee Benefits

Data analytics & benchmarking play a crucial role in refining your employee benefits program and driving meaningful improvements. At Evans National, we utilize these tools to analyze your benefits data alongside industry benchmarking information, providing actionable insights into your program’s performance. Through a comprehensive examination of various data points—such as plan design, claims experience, utilization rates, workforce demographics, employee engagement with wellness programs, and administrative costs—we identify opportunities for optimization.

Our team excels in translating complex data into clear, understandable formats, making it easier for you to make informed, data-driven decisions. We partner with you to develop practical strategies that enhance your benefits program’s effectiveness and potentially reduce costs. Leveraging our expertise in data analytics & benchmarking, you gain a comprehensive understanding of your benefits landscape, enabling you to implement targeted improvements that align with your organizational goals and maximize employee satisfaction.

Benchmark Comparisons

We help you identify best practices in benefits design, wellness programs, and administrative processes by benchmarking your program against successful organizations in your industry.

Analyze Cost Drivers

Data analysis identifies the key factors driving your program’s costs. These usage trends pinpoint under- or over-utilized areas in your benefits program.

Strategy Development

We help you develop strategies to optimize your benefits program by combining benchmarking and data analytics for an evidence-based approach. Make educated decisions regarding plan design, carrier negotiations, and cost-saving strategies.

Target Cost Management

Usage trends pinpoint under- or over-utilized areas in your benefits program. Targeted adjustments to these areas help maximize value and allocate resources based on real-time insights.

Predictive Analytics & Future Costs

Analyzing historical data and industry trends allows us to project future costs and proactively adjust your program for long-term financial sustainability.

Enhance Employee Engagement

Reevaluate your employee benefits program and make impactful changes that resonate with your workforce. Underutilized offerings can be reintroduced with targeted strategies to maximize employee benefit utilization and improve satisfaction.

Frequently Asked Questions

Benchmarking involves comparing your employee benefits program to those of other organizations in your industry. This helps you identify best practices in areas such as benefits design, wellness initiatives, and administrative efficiency.

Analyzing benefits data in conjunction with industry benchmarking information can provide actionable insights into your program’s performance. We help guide you to make informed data-driven decisions that optimize program effectiveness and potentially reduce costs.

We analyze multiple data points connected to your employee benefits program, including:

  • Plan Design

  • Claims experience

  • Utilization rates

  • Workforce demographics

  • Employee engagement with wellness programs

  • Administrative costs

We design intuitive reports tailored to your specific needs by highlighting insights into:

  • Opportunities for cost savings

  • Gaps in current benefits design

  • Wellness program effectiveness

  • Comparison to industry benchmarks

Our team interprets complex data and presents it in a clear, understandable format. We translate the data and partner with you to create tangible strategies that optimize your benefits program.

Not really, data changes within your workforce and your program over time. We practice a collaborative and iterative approach that regularly analyzes your data, measures results, and fine-tunes your program for long-term success.

 

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