Data Analytics

Unleash the power of your data to create actionable and visual insight

Design, implement, monitor and review effective evidence based employee strategies

 

Our leading-edge data analytics will keep you in the driving seat. 

Once introduced, we’ll stress-test every aspect of your benefits programme

We will apply analytics intelligently, helping you really understand how your global benefit programmes are performing. This means providing information for you that is both fascinating and meaningful, helping to analyse how well benefits are working, whether they are achieving your strategy and if they deliver a return on investment.

This information is creatively displayed on wellbeing dashboards that are easy to understand and interpret – and bespoke to your requirements. We run reports and predict future requirements including claims modelling, likely premiums, Gender Pay Gap reporting and Mental Health concerns.

In this way, data analytics can help a business manage its benefit spend, ensuring the benefits offered are relevant and cost-effective.

Data Analytics helps you measure the impact of a benefit programme on individuals, demonstrate whether or not your policies play a part in achieving the company’s strategy - and provide measurable statistics for board level scrutiny.

Whether the aim is to increase productivity, reduce staff sickness and absenteeism, support inclusivity and diversity or increase talent retention, data is the key to measurement and, ultimately, delivering positive outcomes.

Working together, with good data and good people, we help you deliver a global benefits programme that really makes a difference to the lives of your employees.

How we can help you?

5 key areas where analytics can help you use your data to drive actionable insight:

  1. Design and creation of engaging dashboards
  2. Data led employee benefit and strategy design
  3. Measure impact and key performance indicators
  4. Interpretation of results to drive insight
  5. Data validation and quality assessment

Data analytics is playing an increasingly important role in the world of HR and employee benefits, and as employees, employers, and the government seek greater transparency we expect this to continue.

Using your data to drive actionable insight is a powerful way to:

  • Develop robust business cases
  • Show the value and impact for budget sign off
  • Produce required reporting metrics
  • Design, implement and monitor effective evidence based employee strategies

We provide actuarial and data analytics consultancy to help you design and implement effective evidence based employee strategies. In addition, regular analysis and engaging dashboards allow you to monitor the impact of your employee programmes, report internally and externally, and predict future requirements.

  • Dashboarding. Helping you design and create engaging dashboards that let you monitor, measure and evolve your employee strategies.
  • Scope & Purpose. Understand the key influencers on employee benefit design and cost to create the focus for you to achieve your objectives and use your budget in the most effective and impactful way.
  • Strategy. We combine data analytics with life and health insurance expertise, to enable you to build a strong evidence based strategy.
  • Internal Buy-in. From business cases and budget sign off to regular board reporting, we can help you build a robust case with analytics and insight.
  • Benchmarking. Find out how your current protection and health insurance benefits and costs measure up against your industry sector.
  • Data Audit. Assessing your available data to make sure it is relevant, complete and of the quality needed to drive useable insight.
  • Visualisation. Get your key messages across with ease with engaging visuals that resonate with your audience.
  • Predict. Get ahead of the curve by projecting trends and insight in to the future.

We would love to talk to you about your data analytics plans, aspirations and challenges.

For further information on how we might be able to support you, please get in touch at [email protected]

Anna Spender

Anna Spender - Director of Actuarial & Data Anaylsis

Anna is a qualified actuary with over 20 years of experience in the life and health insurance markets.

Employee Benefits Statement - Howden Employee Benefits & Wellbeing is part of the Howden Group. Registered in England and Wales under company number 2248238, with its registered office at One Creechurch Place, London EC3A 5AF. Authorised and regulated by the Financial Conduct Authority.