The Guardian Life Insurance Company of America (Guardian) has introduced a new tool to assist employers in gauging their attitudes toward employee benefits.
The Guardian Benefits Value Tool was developed after findings from the Guardian Workplace Benefits Study indicated that employers could benefit from clear information when determining what coverage, service, administration, enrollment and funding options correspond with the needs of their employees.
The rather simple tool takes employers through an eight-question survey that examines the affordability, diversity, and the level of administrative and communication support that is needed to manage their plan. Once the questions are answered, a component of the tool then calculates an index score that allows employers to identify the most important factors in deciding an employee benefits package when compared with a benchmark of similar companies.
Guardian hopes the tool will grant employers better insight into the underlying drivers of the benefits they offer.
