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How best-in-class employers control health care costs

Sixty-two percent of best-in-class large employers spend under $10,000 on employer-paid benefits per eligible employee, compared to 42 percent of other large employers. How do they do it?

By Katie Kuehner-Hebert | Updated on December 04, 2017
The “best-of-the best” are more inclined than other large employees to consider compensation and benefits as investments in maximizing workforce performance to achieve business outcomes. (Image: Shutterstock)

Best-in-class large and mid-sized employers are able to more effectively control their health care costs and better manage HR functions, as measured by lower turnover and higher employee satisfaction, according to two Gallagher Best-in-Class Benchmarking Analysis reports, based on employer responses to Gallagher’s 2017 Benefits Strategy & Benchmarking Survey.

Best-in-class large employers with 1,000 or more full-time employees achieved at least one of the following metrics for premium cost increases in the past three years: 3.9 percent or less for the last three years; 0.9 percent or less for two of those years; or 0.9 percent or less for one year plus 3.9 percent or less for another year.

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Katie Kuehner-Hebert

Katie Kuehner-Hebert

Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.

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