How Good Is That Benefits Package? Really?
Principal is offering a benchmarking tool aimed at employers with fewer than 100 employees.
An arm of Principal Financial Group Inc. has come up with a tool for measuring the richness of an employee benefits package.
The Des Moines, Iowa-based company is offering the Principal Benefit Design Tool, based on statistics the company has collected from 140,000 benefits clients.
(Related: Small Business Owners Notice Human Resources)
The tool, which has been posted on Principal’s website, can show how a small employer’s benefits, such as retirement benefits, life insurance, disability insurance or dental insurance, compare with the benefits offered by other employers that could be described as peers. Principal identifies an employer’s peers based on the employer’s size, industry and region.
Principal has designed the tool to fit employers that have fewer than 100 employees.
— Read 10 States With the Fastest Job Growth, on ThinkAdvisor.
— Connect with ThinkAdvisor Life/Health on LinkedIn and Twitter.