Benefits Benchmarking
Refine Your Benefits Plans to Support Your Employees
Signal49 Research’s Benefits Benchmarking project provides timely insights into organizations’ benefits plans, offerings, and strategies so you can compare your efforts against those in your region and/or industry.
Page updated: December 13, 2023
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The fourth module examines the flexible work practices that organizations offer, including work-from-home and hybrid work models and compressed work weeks. The report also looks at how employers are supporting their employees in remote and hybrid work environments.
The third module examines the range of mental health and wellness benefits that organizations offer and benchmarks annual coverage amounts for psychological services and wellness accounts. It also looks at initiatives to support employee mental well-being, such as policies around communicating outside of work hours and implementing no-meeting times..
The second module looks at the inclusive benefits and initiatives that organizations offer, such as programs to support equity-deserving groups, parental leave policies, and coverage for fertility and gender-confirming treatments.
The first module explores employer-sponsored benefits plans, organizational practices in benefits plan administration, and benchmarks extended healthcare, dental, insurance, and paramedical care offerings for full- and part-time employees.
Key Areas of Focus
Refine your benefits plans to attract and retain talent.
Understanding how your benefits stack up against other Canadian organizations is essential for building competitive and equitable total rewards programs. The Benefits Benchmarking series provides a comprehensive view of benefits practices across the country, offering a detailed breakdown of coverage levels, plan design, and reimbursement amounts across industries, sectors, and regions.
The series also highlights national and emerging trends related to employee wellness, mental health, and diversity, equity, and inclusion practices, giving you a clear view of where the market is heading. With this information, leaders can make more strategic decisions about where to invest, how to strengthen their benefits offerings, and how to stay competitive in a rapidly changing talent landscape.
Benefit areas covered:
Employer-sponsored benefits
Includes extended healthcare, dental, insurance, and paramedical care offerings for full- and part-time employees.
Employee mental health and wellness
Includes the types and amounts of coverage for psychological services and wellness accounts.
Inclusive benefits offerings
Examines initiatives and programs to support equity-deserving groups, parental leave policies, and coverage for fertility and gender-confirming treatments.
Flexible work practices
Examines the approaches employers are taking to offer flexibility, including remote and hybrid work options, flexible scheduling, and other adaptable work arrangements.
The Benefit Benchmarking series has been produced since March 2010.
Methodology
Benefits Benchmarking summarizes the data from a biannual survey exploring workplace benefits including the availability of benefit offerings, benefits allowances across different employee groups, costs to the employer, modes of delivery, and benefits evaluation processes.
The survey is sent to Canadian organizations operating in a variety of regions, sectors, and industries. All data was analyzed using R and SPSS statistical software. Continuous variables that were skewed (e.g., maximum ($) coverage per year for psychological/mental health services) were cleaned to reduce skewness. This allowed for the use of statistics with normality assumptions to test for group differences
Become a Survey Participant
Sign-up to be notified when the Benefits Benchmarking survey is available for participation next year. Participation allows you to receive Benefits Benchmarking for free.
Publications issued by The Conference Board of Canada are highly recognized by Canadian corporations, and as such this report is extremely valuable so that we can properly benchmark our plans relative to the Canadian industry.
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Questions?
If you have any questions about the Benefits Benchmarking series, or about becoming a subscriber, please contact us.