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Strategic Risk and Rewards Insights

Optimizing business strategies and outcomes for sustainable growth.

Marsh combines analytics and cross-functional insights with the goal of helping employers uncover workforce savings and streamline spending.

In today’s dynamic global business environment, many employers are laser-focused on cost optimization, revenue expansion, and maximizing business strategies for sustainable growth.

Strategic Risk and Rewards Insights can provide an integrated, data-driven analysis of your total people-related spend intended to uncover potential coverage gaps and specific cost-saving opportunities.

Identifying cost mitigation opportunities has become more challenging — especially when silos across your total risk and rewards spend conceal potential savings. Marsh can help companies like yours streamline key workforce components into a unified ecosystem aimed at unlocking substantial savings across multiple people-related costs.

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Workers’ compensation, safety, and claims

Enhance employee safety and improve workers’ compensation claims management 

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Compensation, talent, and rewards programs

Assess and improve your overall programs to attract the best and brightest talent

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Health and benefits

Optimize your programs to promote employee well-being and organizational performance

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Retirement and 401(k) plans

Strengthen your programs to support financial well-being and retirement readiness

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Cyber risk

Take an enterprise-wide approach to building cyber strategies that protect critical employee information and financial data

A roadmap to flexible workforce decision-making

Our tailored, multi-year roadmap can help you holistically drive:

  • Integrated cost-saving opportunities
  • Personalized data analytics for informed decision-making
  • Integrated total rewards
  • Proactive forecasting of market trends to address evolving workforce expectations
  • Proactive risk mitigation strategies
  • Reward programs intended to motivate your workforce and improve retention rates
  • Compliance navigation with ease

Discover how Marsh can help you break down silos with the help of unlocking the full potential of your workforce rewards strategy. Contact us today to learn more.

Case study

Mid-sized agriculture firm unlocks upwards of $8 million in savings through workforce risk and rewards analysis

A mid-sized agriculture organization sought to reduce financial and compliance risks. After gaining a clear understanding their objectives, our team conducted a comprehensive analysis of the company’s workforce risk and rewards data, identifying several actionable levers:

  • Assess workers’ compensation claims processes to address indemnity, medical, and expenses trends that were notably higher than industry peers
  • Conduct workforce alignment, compensation benchmarking, role redesign, and employee experience assessments to tackle competitive pay concerns and balance talent supply and demand
  • Enable collective pharmacy purchasing to reduce future pharmacy-related expenses

Outcome

Our team developed a collaborative multi-year roadmap with clear goals and detailed savings projections. This strategic approach not only optimized compensation and benefits but also drove sustainable improvements in overall corporate performance, setting the stage for the company to save $8.12 million.

Why Marsh

At Marsh, we help organizations like yours through an integrated, data-driven approach designed to effectively manage people-related risks and convert opportunities into measurable results. Our specialists bring deep expertise in workers’ compensation and cyber risk, providing data-backed insights intended to enhance your programs. Collaborating closely with our colleagues at Mercer, we offer a comprehensive analysis that transforms data into actionable, multi-year plans focused on containing costs, mitigating risks, and optimizing workforce strategies. Beyond addressing your current people-related challenges, we help you anticipate emerging risks, so you are better prepared for tomorrow.

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FAQ

SRRI is an integrated, data-driven analysis of total people-related spend intended to identify cost-saving opportunities and program gaps across workers’ compensation, health and benefits, compensation and rewards, retirement plans, and cyber risk. SRRI provides a prioritized, actionable multi-year roadmap that translates analysis into targeted recommendations designed to contain costs, strengthen risk management, and improve performance.

The aim of SSRI is to provide organizations with tailored analytics to enable better decision-making, more aligned total rewards, proactive forecasting of market trends, strengthened risk mitigation, and improved retention through reward programs.

SSRI examines key workforce components, including workers’ compensation, safety and claims, compensation, talent and rewards programs, health and benefits, retirement and 401(k) plans, and cyber risk.

SSRI is targeted towards organizations seeking to optimize costs, expand revenue, and achieve sustainable growth, especially by uncovering concealed savings in siloed risk and rewards programs.

Contact us

Request your customized analysis that may unlock cost savings and transform people risk management for long-term success.