New Assessment Tool for Employee Benefits Launched

Tool helps employers determine the best approach to employee benefits

The Guardian Life Insurance Company of America (Guardian), has introduced The Guardian Benefits Value ToolSM, an online assessment tool to help employers better understand their attitudes toward offering employee benefits and how to best meet the needs of their company and employee population.

 

The Guardian Benefits Value Tool walks employers through a brief survey in which they answer eight questions about the diversity of benefits offered, the affordability of these benefits and the level of administrative and communication support required to manage the plan. The tool then calculates an index score that allows employers to easily identify the most important factors in selecting an employee benefits package and to benchmark their results against similar companies. As a result, companies gain a better understanding of the underlying drivers of their benefits offering as well as information on the best administrative options whether it is a traditional model or a private or public exchange.

 "As employers look to choose benefits or modify existing plans, the Guardian Benefits Value Tool enables employers to take a step back to determine what’s really important to their employees to ensure they select the right benefits package," says Chris Swanker, Vice President of Worksite & Specialty Markets.  "The Benefits Value Tool will help start the conversation between brokers and their clients on how to best offer benefit packages that include not just medical, but other important types of benefits such as dental, life and disability to meet each company’s unique needs."

 The Guardian Benefits Value Tool is based on findings from the Guardian Workplace Benefits StudySM and is the latest in a series of thought leadership assets from Guardian that helps employers understand and determine which coverage, service, administration, enrollment and funding options best meet the needs of their company and employees.