Case Study - Workers Compensation Benefits

Issue
The annual budget-planning process and shift in cost-containment priorities put the compensation team of a utilities company into action - preparing data on cost comparison of benefits programs and the effective utilization for employee retention and recruiting. While existing data was available for most of the benefits package, workers compensation benefits remained a relative, comparative mystery.

Solution
Given the sensitive nature of the topic, the company sought discretion in gathering comparative data. The compensation team sought out i4cp's account services team to identify, facilitate and 'screen' potential comparative corporate practitioners. The company's dedicated i4cp account team arranged one-to-one, peer conversations with practitioners within the energy sector, as well as outside the industry and the immediate geographic area.

Benefit and ROI
Through the strength of the i4cp network, the company was quickly able to benchmark and analyze workers compensation benefits. They were able to determine their relative cost/benefit position and make a case for additional efforts at reducing the budget item. Benefits staff had the data necessary to support their position, without raising undue concern with internal staff or the benefits provider. The company incurred no additional costs in this effort with i4cp.

Additional cost to the company: $0