Employee benefits benchmarking

Compare your employee benefits with organisations of a similar size and sector

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How employee benefits benchmarking helps you compare employee benefits

Employee benefits benchmarking helps you compare employee benefits against organisations of a similar size, sector and location. Using Benefits IQ, you can see how your current benefits package compares with the market, identify gaps and make informed decisions about your future employee benefits strategy.

Why benchmark your employee benefits?

Whether you're reviewing your employee benefits, planning future investment or looking to understand how your offering compares with the market, benchmarking provides the insight to support informed decisions. Benefits IQ helps you:

  • Compare your employee benefits with similar organisations
  • Identify where your offering is competitive and where there may be opportunities to improve
  • Prioritise investment where it can have the greatest impact
  • Support business cases with independent benchmarking data
  • Keep your benefits aligned with your organisation's objectives
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What you'll receive

Once you've completed the survey, you'll receive:

• A personalised employee benefits benchmarking report
• An overall benefits scorecard
• Insights tailored to your organisation's size, sector and location
• Practical recommendations to support future decisions
• A review with one of our employee benefits specialists

What employee benefits are included in benchmarking?

  • Health and wellbeing

    Health insurance, dental cover, health assessments and health cash plans

  • Protection

    Income protection, life assurance and critical illness

  • Retirement

    Workplace pension plan

  • Leave

    Annual, sick, maternity and paternity

  • Voluntary

    Cycle to work scheme, electric car scheme and holiday buy and sell

  • Other

    Discounts, technology and flexible

How Howden Benefits IQ works

  • 1. Complete the survey

    Answer a series of questions about your employee benefits, including the benefits you offer, funding levels and your approach to wellbeing, flexible benefits and leave.

  • 2. Review your benchmark

    We'll benchmark your responses against organisations like yours and arrange a meeting to review your personalised benchmarking report and discuss the findings.

  • 3. Plan your next steps

    Use your report to review your current benefits, identify areas to consider and support future decisions.

Ready to benchmark your employee benefits?

Complete the survey and take the first step towards a stronger employee benefits strategy.

Take the survey
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Why Howden

Every organisation has different priorities, budgets and ambitions. That's why we take the time to understand yours.

Whether you're reviewing your employee benefits for the first time or refining an established strategy, our employee benefits specialists will help you make sense of your benchmarking results and what they mean for your organisation. Together, we'll explore the options, discuss what's right for your business and help you make informed decisions with confidence.

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Frequently asked questions

What is benefits benchmarking?

Employee benefits benchmarking compares your benefits with those offered by organisations of a similar size, sector and location. It helps you see where you're competitive, where there may be gaps and where you could get more value from your benefits.

How long does the survey take?

Around 10 minutes.

What happens after I complete the survey?

We'll benchmark your responses and prepare your personalised report. We'll then arrange a meeting to review the findings and discuss any questions you may have.

Is there a cost?

No. The employee benefits benchmarking survey, personalised report and review meeting are provided by Howden Employee Benefits.

What does the survey cover?

The survey covers key areas of your employee benefits programme, including pensions, healthcare, protection, wellbeing, flexible benefits and leave policies.

How often should employee benefits be benchmarked?

We recommend benchmarking your employee benefits at least once a year, or whenever there are significant changes to your workforce, business priorities or benefits budget. Regular benchmarking helps you understand how your benefits compare with the market and identify where changes could improve value for your business and your people.

How can benchmarking improve employee retention?

Employee benefits benchmarking helps you understand how your benefits package compares with similar organisations, making it easier to identify opportunities to improve your offering. By investing in benefits that employees value and ensuring your package remains competitive, you can enhance the employee experience, support wellbeing and strengthen loyalty. While benefits are only one part of employee retention, benchmarking provides the insight to help you make informed decisions that support both your people and your business.

Talk to our team

If you'd like to find out more about Benefits IQ or discuss your employee benefits before taking the survey, we're here to help.

Get in touch