Benchmarking is a key step in helping organizations align their business objectives and establish their competitiveness in the marketplace. Our objective is to provide you with information, not just data.

In order to support this goal in a cost effective manner, we offer the following services:

Prevalence Tables

Prevalence tables examine individual benefit plan provisions as opposed to the entire benefits package. The purpose of this is to provide a cost-effective tool for organizations to gain a general understanding of the key characteristics of benefit plans offered by other employers. If you wish to have more specific information, the prevalence tables presented in the Statistical Summary report can be obtained for various subsets of the database. The subsets can be based on industry, region and/or size.

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Spreadsheet of Benefits Plan Provisions

A Summary of Plan Provision (SPP) spreadsheet that provides useful qualitative information can also be obtained. This structured report summarizes key plan provisions of benefits program for specific employers selected from our database. Note that the identity of companies selected will be kept confidential for these types of reports.

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QuikValue®

QuikValue® is a customized software program that enables an employer to compare its benefit plans to other employer plans in the database. It provides an "at a glance" comparison of the individual benefit value and the total benefits package compared to the selected database
subset(s).

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Customized Benchmarking Studies

The core objective of COMPARISON™ is the ability to produce custom benchmarking studies, which measures and compares the relative value of benefit plans against other peer groups. While COMPARISON™ takes a comprehensive look at the entire benefits package, our valuation systems also have the capability of taking an employer's workforce demographics and assumptions in valuing each benefit plan to allow for a more relevant comparison.

To learn more about Watson Wyatt COMPARISON™ and its services, please contact Watson Wyatt InfoCanada at 1-866-206-5723. You can also e-mail us at: InfoCanada@watsonwyatt.com.

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