Why Benchmarking your Benefits for 2024 matters.

What even is benchmarking?

Think of benchmarking as comparing against an ideal or 'perfect' scenario. It's like having a reference point for what you're hoping to improve. This piece dives deep into employee benefits and how you can majorly improve your company’s benefits package for 2024. We're not talking about a one-size-fits-all solution here, but rather giving your offerings a good, critical look. A tailor-made solution? That's what we’re looking for.

So, why benchmark?

We could just spell it out for you, but the question remains: why would you? Well, by benchmarking your secondary benefits package, you get to compare your benefits package with that of a plethora of other businesses. You'll see where you stand (pretty bad, average, or leading) and, importantly, what you can do to improve it. And that might just be the most crucial part.

How do you stack up your employment benefits against those of other companies?

Dive into the Benefit Benchmark Report 2023.

Bet you think it’d be that simple, right? Well, you’re in for a treat. In January 2023, we put the Benefit Benchmark Report 2023 online. Teaming up with the folks at 7people ? and Figures , a questionnaire helped us to rank various benefit categories by popularity.

First, we checked which benefits companies are actually offering their employees. Next, we zoomed in, category by category (including financial, wellbeing, education, and mobility) to spotlight the various popular benefits.

The 2023 Outlook.

Our survey also asked companies about the benefits they had in mind for 2023. Kind of like their 2023 resolutions, if you will. Curious to discover what companies had in mind for 2023 and what you might be up against in 2024? A quick selection from the list:

• Every other Friday is a day off, but you still receive full pay.
• Extra leave days for volunteer activities
• More extensive leave policies (including fully paid parental leave and flexible public holidays).
• A working-from-anywhere policy
• Offering a 1 month working remotely in a country of choice, with ticket and Airbnb completely paid by the company.

Benchmark yourself in 2023, to get ready for 2024.

Did you spot any categories that are ready for a refresh? Think there are steps to take to improve your employee benefits package? Feel inspired? Read our Dutch Benefit Benchmark Report via this link and get instant insights into what you can improve in 2024.

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