Unlocking HR’s impact: The power of data and benchmarking

people in a meeting

Strategic use of data can enhance the value you deliver to employees and amplify HR’s influence at every level of an organisation. In this article we explore how you can effectively use data to power a compelling employee value proposition (EVP).

Key takeaways:

The role of data in a compelling EVP

An EVPcannot be a set and forget statement. HR teams need to continually assess and measure its components – a task made easier when you have the right data and analytics to hand. As a component of remuneration and rewards, employee benefits can and should be measured.

A cost-effective approach to data

With the right information from your benefits provider, it’s easy to show the dollar value your program is delivering for employees and your organisation. With this valuable data, HR can ensure budget is used efficiently and invest in benefits that provide the most significant return on investment.

Your employee benefits provider should:

By presenting data-driven insights and comparisons, you become an advocate for change and a key player in strategic decision-making.

Download a sample performance report, to see the  6 key performance criteria your benefits provider should be tracking for you.

Download Report

Benchmarking for success

If you’re looking to set realistic and achievable targets for your employee benefits program, benchmarking is an essential tool to compare your organisation's current performance against similar companies in your sector to understand where you stand. Each industry has its unique challenges and standards, which is why Maxxia specialises in delivering sector-specific benchmarking data.

“Benchmarking data has given us a lot more credibility with our executive leadership team and definitely led to us being able to build our influence.”

Michelle Wiseman, HR and Advisory Services, Anglicare South Queensland

Take a benefits assessment, health check today. We will measure the effectiveness of your current employee benefits offer and put a dollar figure on the potential savings and efficiencies from running the program.

Unlock maximum value from your employee benefits program

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