What is Benchmarking?
Benchmarking is an essential tool for quantifying disability and lost-time results. It allows you to compare how a company is performing against its industry.
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What the Database Offers
IBI is currently the only organization that provides this kind of benchmarking. With the largest database of its kind, you can generate comparisons across numerous industries, and get a truly representative picture of how companies are doing against peers. Covering the four critical programs--short-term disability, long-term disability, family medical leave and workers compensation’ the database covers:
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62,000+ employers
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3.5+ million claims
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972 SIC industry groups
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13 major data providers:
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Aetna
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Anthem Life/Wellpoint
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Aon Hewitt
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Broadspire
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Cigna
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Liberty Mutual
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MetLife
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Prudential
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Reed Group
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RSLI/Matrix
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Sedgwick CMS
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The Hartford
IBI benchmarking now offers geographic comparisons, since costs can vary significantly by location. We have also revamped our FMLA reporting with new completely new metrics and leave-level reporting, in addition to employer-level reporting.