2020 Benefits Strategy & Benchmarking Survey Report
Gain a better perspective to redefine reward & benefits and re-engage your employees.
Redefining business and people strategies will set the scene for the months and years to come, and determine the extent to which employees feel engaged and productive at work. This year's report has highlighted a number of areas in which change is already happening or is likely to begin as organisations return to work.
HR technology platforms can support areas of increased intensity, including alternative coverage options under COBRA, unemployment claims management, off boarding, outplacement, and video tools for safer onboarding of furloughed or new employees.
HAVE IMPLEMENTED AN ENVIRONMENTAL, SOCIAl AND GOVERNANCE (ESG) STRATEGY
SOCIETAL AND ENVIRONMENTAL WELLBEING
THE COVID-19 EFFECT
THE NEW FOCUS ON 'WHY' OVER 'WHAT'
Because at a time when everything has changed — new products and services, new delivery methods, new ways of working — you need the very best benchmarking data and insights to help guide your organisation to better business outcomes.
The top three areas of focus in total rewards planning due to the pandemic:
The results of Gallagher's 2020 Benefits Strategy & Benchmarking Survey show that organisations are focused on providing fairer employee benefits and rewards. In addition to our usual detailed focus on organisational, financial, career, physical and emotional wellbeing, we've also asked HR Practitioners about the likely impact COVID-19 will have on their reward and benefits strategies going forward.
40%
62%
54%
70%
ALLOW EMPLOYEES TO WORK FROM HOME REGULARLY
POLL EMPLOYEES ABOUT BENEFITS AND WELLBEING
ALLOW EMPLOYEES TO CARRY OVER UNUSED HOLIDAYS INTO 2021
download the
EXECUTIVE SUMMARY
download the
EXECUTIVE SUMMARY
HR Technology
Absence
Management
HR Technology
of employers are considering doctors' services and private medical insurance (pmi) as a result of covid-19
A third of employers who intend to introduce new benefits for their people as a result of the impact of COVID-19 say they are eying up PMI - so it will come as no surprise if PMI penetration rates rise over the next 12 months. The most forward-thinking employers will not only respond to these findings and make the necessary changes, they will proactively enable more flexibility.
33%
download the
EXECUTIVE SUMMARY
PLANNING CHANGES FOR 2020 intend to improve their benefit communications
The new focus on 'why' over 'what': Taking stock of people's experience with their benefits package and expectations in terms of future improvements is the best way an organisation can maximise the return on investment of their people strategies
52%
download the
EXECUTIVE SUMMARY
HR Technology
Absence
Management
Offer Full-time telecommuting which nearly tripled from January to June
The new focus on 'why' over 'what': Taking stock of people's experience with their benefits package and expectations in terms of future improvements is the best way an organisation can maximise the return on investment of their people strategies.
download the
EXECUTIVE SUMMARY
Redefining business and people strategies will set the scene for the months and years to come, and determine the extent to which employees feel engaged and productive at work. This year's report has highlighted a number of areas in which change is already happening or is likely to begin as organisations return to work.
download the
EXECUTIVE SUMMARY
consider compliance with federal, state and municipal regulations - the top absence management concern
A third of employers who intend to introduce new benefits for their people as a result of the impact of COVID-19 say they are eying up PMI - so it will come as no surprise if PMI penetration rates rise over the next 12 months. The most forward-thinking employers will not only respond to these findings and make the necessary changes, they will proactively enable more flexibility.
download the
EXECUTIVE SUMMARY
Offer Full-time telecommuting which nearly tripled from January to June
The new focus on 'why' over 'what': Taking stock of people's experience with their benefits package and expectations in terms of future improvements is the best way an organisation can maximise the return on investment of their people strategies.
download the
EXECUTIVE SUMMARY
download the
EXECUTIVE SUMMARY
download the
EXECUTIVE SUMMARY
download the
EXECUTIVE SUMMARY
download the
EXECUTIVE SUMMARY
THE NEW FOCUS ON 'WHY' OVER 'WHAT'
THE COVID-19 EFFECT
SOCIETAL AND ENVIRONMENTAL WELLBEING
SOCIETAL AND ENVIRONMENTAL WELLBEING
THE COVID-19 EFFECT
THE NEW FOCUS ON 'WHY' OVER 'WHAT'
THE COVID-19 EFFECT
SOCIETAL AND ENVIRONMENTAL WELLBEING
THE COVID-19 EFFECT
THE COVID-19 EFFECT
THE NEW FOCUS ON 'WHY' OVER 'WHAT'
SOCIETAL AND ENVIRONMENTAL WELLBEING
THE COVID-19 EFFECT
THE NEW FOCUS ON 'WHY' OVER 'WHAT'
SOCIETAL AND ENVIRONMENTAL WELLBEING
THE COVID-19 EFFECT
THE NEW FOCUS ON 'WHY' OVER 'WHAT'
SOCIETAL AND ENVIRONMENTAL WELLBEING
THE COVID-19 EFFECT
THE COVID-19 EFFECT
THE NEW FOCUS ON 'WHY' OVER 'WHAT'
THE NEW FOCUS ON 'WHY' OVER 'WHAT'
THE COVID-19 EFFECT
SOCIETAL AND ENVIRONMENTAL WELLBEING
52%
33%
40%
THE COVID-19 EFFECT
THE COVID-19 EFFECT
THE COVID-19 EFFECT
SOCIETAL AND ENVIRONMENTAL WELLBEING
SOCIETAL AND ENVIRONMENTAL WELLBEING
SOCIETAL AND ENVIRONMENTAL WELLBEING
Redefining business and people strategies will set the scene for the months and years to come, and determine the extent to which employees feel engaged and productive at work. This year's report has highlighted a number of areas in which change is already happening or is likely to begin as organisations return to work.
Redefining business and people strategies will set the scene for the months and years to come, and determine the extent to which employees feel engaged and productive at work. This year's report has highlighted a number of areas in which change is already happening or is likely to begin as organisations return to work.
70%
54%
ACCESS THE INSIGHTS
62%
ALLOW EMPLOYEES TO WORK FROM HOME REGULARLY
POLL EMPLOYEES ABOUT BENEFITS AND WELLBEING
ALLOW EMPLOYEES TO CARRY OVER UNUSED HOLIDAYS INTO 2021
ACCESS THE INSIGHTS
ACCESS THE INSIGHTS
SOCIETAL AND ENVIRONMENTAL WELLBEING
HR Technology
THE COVID-19 EFFECT
Absence
Management
THE NEW FOCUS ON 'WHY' OVER 'WHAT'
HAVE IMPLEMENTED AN ENVIRONMENTAL, SOCIAl AND GOVERNANCE (ESG) STRATEGY
HR technology platforms can support areas of increased intensity, including alternative coverage options under COBRA, unemployment claims management, off boarding, outplacement, and video tools for safer onboarding of furloughed or new employees.
40%
download the
EXECUTIVE SUMMARY
download the
EXECUTIVE SUMMARY
THE COVID-19 EFFECT
Redefining business and people strategies will set the scene for the months and years to come, and determine the extent to which employees feel engaged and productive at work. This year's report has highlighted a number of areas in which change is already happening or is likely to begin as organisations return to work.