Benefits benchmarking specific to Australia

 

An effective benefits program goes a long way towards improving the employee experience, retaining top talent and establishing your brand in the market.

 

As the markets change, data is driving a shift towards new and personalised benefits. In the 2021 Australian Benefits Review, you will find continuing trends in wellness and health benefits, along with flexible working arrangements. Gauge what your people want, and how your organisation can respond. 

 

 

New 2021 data: changing benefits landscape

Whether it be flexibility on working hours, work locations or connectivity, the way we work has adapted in many ways over the last 12-months. 

 

The 2021 survey results are available now, with added focus on providing greater support for carers. Speak to us today about purchasing the latest data to unpack the trending employee benefits for companies across Australia. 

 

How does the right mix of benefits contribute to employee experience?

How, when and where we work has significantly changed over the past 12 months. Hear from Nikki Sheppard, Benefits Product Manager, on reviewing benefit offering

 

 

 

 

 

 

About the Australian Benefits Review (ABR)


 

The 2021 edition of the Australian Benefits Review is the most comprehensive reference guide on all major HR policies and benefit practices in the market. The report is based on data from 378 Australian organisations from a broad spectrum of industries.
 

The Australian Benefits Review will provide you with the latest in benefits trends and insights.

 

  • Vehicles (benefit, tool of trade, physical cars and allowances).
  • Leave (parental, annual, purchased leave, personal and charity).
  • Wellness benefits (culture, practices, flexibility, working from home, childcare and aging care support, health and wellness).
  • Retirement benefits (superannuation).
  • Insured employee benefits (Death/TPD, income protection, private health).
  • End of service (turnover and redundancies).
  • Allowances and perquisites (Overtime, shift, IT on call/call out, travel, phones, other).
  • Variable reward (bonuses, commissions, LTI, share purchase plans, Long term incentives, non-financial rewards).
  • Workforce planning.
  • Learning and development.
  • Total reward strategy (reward strategy, rem budgets, review elements, recruitment, referral/sign-on/retention bonuses.

 

About the ABR

 

 

 

 

Additional benefits of the review


 

By purchasing the Australian Benefits Review, you will also receive complimentary standard access to the survey database:

 

Mercer BenefitsMonitor™    

Mercer BenefitsMonitor™ is an interactive and user-centered online tool that offers a wide range of flexible and intuitive features for benefits reporting and analysis. With direct access to the database used to produce the Australian Benefits Review, 'standard' access to this tool allows you to: 
 

  • Conveniently compare companies' data versus the market

  • Select only the benefits you want to analyse for the levels required

  • Export your analysis into Excel.
     

For more information about Mercer BenefitsMonitor™ including premium access and pricing options, please visit the Mercer BenefitsMonitor™ webpage.

 

 

Additional ABR benefits

2020 trends & insights into employee benefits 

 

As organisations rapidly responded to the COVID-19 pandemic, many had to quickly introduce or adapt their benefit and HR policies to support employees. It’s now time to move beyond the initial response phase.

To plan for the future workforce and business needs, it’s essential to review benefits and HR policies, and organisations must ensure they are adaptable, sustainable and innovative. The executive summary highlights the key findings for wellbeing, wealth and career, and how businesses should be redesigning their benefits review now.
 


 

 

Looking for more information?
 

Learn more about Mercer's Australian Business Review (ABR) and how you can participate with Mercer's salary benchmarking surveys.

 

  • Product overview

    Introduction

    Product overview

    Product Overview

     

    In the 2021 report you will also find continuing trends in wellness and health benefits, along with flexible working arrangements.


    In addition to the report, data can be accessed through Mercer BenefitsMonitor. Standard access is complimentary, however you can run peer groups and access detailed benefits reports through the premium version.


     

  • Product details

    About

    Product details

    Product Details


    Mercer's Australian Benefits Review includes a vast range of features:

     

     

    Vehicles

    • Novated leases
    • Car allowances (benefit and tool-of-trade)
    • Physical vehicles (benefit and tool-of-trade)
    • Parking

    Leave

    • Parental leave
    • Annual leave
    • Personal/Carer's leave
    • Other leave

    Wellness Benefits

    • Work culture, practices and flexibility
    • Telecommuting
    • Childcare and aging care support
    • Health, wellness and financial wellbeing
    • Hot desking arrangements
    • Family and domestic violence support

    Retirement benefits

    • Superannuation

    Insured employee benefits

    • Insured benefits
    • Death, disability and accident
    • Private health
    • Salary continuance insurance/total and temporary disablement insurance
    • Personal accident and sickness insurance

    End of service

    • Turnover
    • Redundancy and retrenchment

    Allowances and perquisites

    • Overtime and shifts
    • IT on-call and call-out
    • Travel
    • Mobile phones
    • LAFHA
    • Superannuation
    • Home sale and purchase
    • Location/site allowance
    • Other allowances and perquisites

    Variable reward

    • Short-term incentives
    • Sales commissions
    • Share purchase plans
    • Long-term incentives
    • Waiting and vesting schedules 
    • Non-financial rewards

    Workforce planning

    • Workforce planning strategy

    Learning and development

    • Learning and development budgets
    • Areas of spend
    • Study assistance

    Total reward strategy

    • Remuneration policy
    • Remuneration management and effectiveness
    • Gender pay
    • Recruitment
    • Sign-on and retention bonus
    • Internship availability
  • Sample report

    Download

    Sample report

  • Participant list

    Download

    Participant list

  • Survey schedule

    Schedule

    Survey schedule

    Survey schedule

     

    • Participation: 22 March - 14 May 2021
    • Report published: 27 August 2021 (new data available now)


 

Purchase survey
 

By purchasing Mercer's Australian Business Review (ABR) and opting to become a participant you become a part of this local and global research community.


* To access participant pricing, you will be required to participate and contribute data to the Australian Benefits Review on an annual basis. If a submission is not received, an invoice will be issued for the difference between the participant and non-participant price.. Additional subscription benefits are also included as part of this package.

Australian Benefits Review (ABR) 2021

 

Whether it be flexibility on working hours, work locations or connectivity, the way we work has adapted in many ways over the last 12-months.

 

Individual section cuts available upon request. Hard copy also available at added cost. Please contact Customer Service by completing the form below

Participant *

AUD $2,850 Ex GST

 

 

 

Customised Benefits Benchmarking Services

Uncovering trends and putting them into action
 

Mercer has a number of customised benchmarking services available using data in the Australian Benefits Review as a source.
 

  • Peer group benefit cuts - All sections of ABR can be produced according to a specific industry, company size or group of companies. A minimum of 12 companies need to be selected. Delivery is in table format and in excel.
  • Benefits benchmarking services - Mercer can provide a detailed benchmarking report including an overview of statutory requirements, typical practice, market comparison of your practices and provide recommendations for competitive practices.

Need more information?
Contact Customer Service by completing the form below.

 

Uncovering trends

 

 

Looking for a Benefits survey by region?

Visit the global 'iMercer.com' website to find a salary and benefits survey that's right for your region or industry.
 


 

 


 

Mercer BenefirsMonitor

Access benefits reporting and analysis right at your fingertips

Mercer BenefitsMonitor™ is an interactive and user-centered online tool that offers a wide range of flexible and intuitive features for benefits reporting and analysis. Mercer BenefitsMonitor™ (MBM) is your one-stop source to get market prevalence, legislative updates and key findings of adhoc snapshot surveys. Learn how Mercer BenefitsMonitor™ can support your organisations benefits planning and strategies.
 


 

Download the executive summary or speak with a Mercer Consultant

Download the executive summary or complete the form below for more information about our Australian Benefits Review (ABR) or other surveys, and a Mercer Consultant will be in contact with you.

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