BenVal
Benefits Data Source
BenVal
The best-managed companies rely on the highestquality market data to make decisions about
competitive positioning.
Willis Towers Watson’s BenVal provides an objective
approach to compare the design of benefit plans for a
group of companies. Key benefit design provisions are
assessed using a common set of actuarial assumptions
and methods, and a consistent employee population or
sample employee profile.
BenVal ensures a consistent benchmark
This diagnostic analysis produces an unbiased environment
where differences in the benefit value among companies
are a direct result of differences in the benefit plan design
provisions. The results also consider the employee and
employer cost-share arrangements of providing the benefits.
Organizations use BenVal analyses to help them:
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Benchmark the benefits of market peers
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Redesign benefit plans
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Conduct due diligence for mergers and acquisitions
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Harmonize benefit plans between multiple divisions/
operating units
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Align with corporate governance
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Prepare a total remuneration analysis
Benefits Data Source (BDS) is Willis Towers
Watson’s global benefit database. BDS captures
detailed information on employer-sponsored benefit
plan design practices such as retirement, health,
wellness, death and disability, meals, paid time off
and flexible benefits.
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Choose your comparators
A custom BenVal provides an in-depth comparison of how
an employer-provided set of benefits compares to the
benefits of a custom-selected peer group of companies.
You tell us which organizations you’d like to include in your
peer group. You can decide whether to compare based on
the characteristics of your own employee population or a
standard population based on a typical large employer.
Figure 1. Evaluate plan competitiveness
Total benefit value — All selected benefits — All organizations
Percentage of average
140%
120%
118.3
111.8
109.6
108.1
100%
103.4
101.6
100.0
97.2
95.5
94.1
91.2
87.8
80%
83.2
60%
40%
20%
0%
I
F
A
B
Vacations and holidays
D
XYZ* Average
Medical and dental
H
C
Retirement
J
E
Disability
K
G
Death
BenVal Online
is a web-based
tool designed
to present the
results of a
benchmarking
analysis that
allows you to
further analyze
your results.
*Excluded from average
Figure 2. Evaluate employer- and employee-provided total benefit values
Total benefit value — All selected benefits — All organizations
Percentage of average
140%
120% 118.3
111.8
109.6
108.1
100%
103.4
101.6
100.0
97.2
95.5
94.1
91.2
87.8
83.2
J
E
K
G
80%
60%
40%
20%
0%
I
F
A
B
D
XYZ* Average
Employer
H
C
Employee
*Excluded from average
Analyze your results*
Match your needs
BenVal enables you to:
Access BDS in multiple ways:
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Evaluate the competitiveness of a specific plan, a combination
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BenVal Online — A web-based tool designed to present
of plans or your entire benefit program (Figure 1)
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Compare total benefit values, employer-provided values
only, employee-provided values only or all three at once
(Figure 2)
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Display benefit values as a percentage of the total benefit
package, as a percentage of average payroll or in local
currency
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Export results to Excel
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See how changes in plan provisions would affect the value
of your program and competitive standing
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View plan summaries for the organizations in your peer
group (North America only)
*Presentation of results may vary by country.
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BenVal
the results of a benchmarking analysis that allows you to
further analyze your results
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Custom BenVal reports — A complete package of charts
that analyzes your comparative results, and provides
qualitative analysis of results and a summary of the
methodology employed
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Analysis of a single benefit, a benefit group or all benefits
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Analysis by individual peer, general industry or specific
industry
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Total remuneration analyses — conducted by
combining benefit values with compensation data
Privacy and use of data
Benefit information for each BDS participant is available for
Willis Towers Watson to use in custom analyses for other Willis
Towers Watson clients, as well as research and development,
and general promotional activities. Information and results
will be shared in an aggregate format only and when the peer
group size is large enough to prevent identification of a single
company’s data outside of Canada and the U.S.
For Canada and the U.S., each participant’s broad-based
benefit information is made available to other database
members and for use in benefit design studies, with results
identified by employer. Information is also used in benefit
analyses for Willis Towers Watson clients and prospects
(including non-database participants), and in quality
assurance, training, research and development, and general
promotional activities such as aggregated trend analysis.
Contact your Willis Towers Watson
consultant or our BDS team
Global inquiries
[email protected]
Canada
[email protected]
United States
[email protected]
For more information on BDS, visit
willistowerswatson.com/bds.
About Willis Towers Watson
Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and
solutions company that helps clients around the world turn risk into a path for growth.
With roots dating to 1828, Willis Towers Watson has 39,000 employees in more than
120 countries. We design and deliver solutions that manage risk, optimize benefits,
cultivate talent, and expand the power of capital to protect and strengthen institutions
and individuals. Our unique perspective allows us to see the critical intersections
between talent, assets and ideas — the dynamic formula that drives business
performance. Together, we unlock potential. Learn more at willistowerswatson.com.
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