Benchmarking Cost Savings And Cost Avoidance
Sourcing Analytics, a leading provider of HR, payroll and benefits consulting services, today announced the results of the first-ever comprehensive study on the Total Cost of Ownership (TCO) for health and welfare benefits administration. The study was conducted by Sourcing Analytics, an independent consulting firm specializing in the evaluation of HR service delivery. The study captured the TCO of benefits administration for 36 companies, all with more than 1,000 employees, and provides never before published benchmark data comparing companies that outsource benefits administration to those that keep the responsibility in-house. TCO was defined as the total costs, direct and indirect, related to the design, implementation and ongoing management of health and welfare benefits administration.