Flexible Employee Benefits | Mercer’s LAD practice

Health and Benefits

Mercer’s Life, Absence & Disability (LAD) practice

Workplace Flexibility: Managing Absence and Disabilities

Today’s ever-changing benefits landscape has heightened the complexity and challenges associated with managing life, absence and disability (LAD) programs.  The cost implications alone are alarming with employee absences generally costing employers:

  • 15.4% of direct payroll costs
  • 6.2% of lost productivity payroll costs
  • 31.1% in lost productivity with replacement workers vs. the replaced employee

In response, many employers are turning to companies like Mercer to potentially save them a lot of time and money while attempting to simplify the administrative burdens of their existing programs. Now, more than ever, LAD strategy is a business imperative that demands execution excellence.

Health and Benefits Intergated Solutions

An Integrated Life, Absence and Disability Approach.

Corporate attitudes toward leave policies seem to be shifting. More companies explore different approaches to parental leave and nontraditional options, such as unlimited vacation, as a means to attract and retain talent while trying to balance the cost, productivity and administrative implications.

All of this happening while states, counties and municipalities are also passing new paid sick leave laws and regulations and the federal government is more aggressively enforcing compliance with the Family Medical Leave Act (FMLA) and the ADA Amendments Act of 2008 (ADAAA).

Mercer’s Life, Absence & Disability (LAD) practice. For healthier and more productive employees.

Why Mercer?

To address the ever-changing LAD landscape, Mercer offers a full suite of services designed to streamline administration, minimize complexity and improve quality of delivery.  Because Mercer offers both LAD and Health & Benefits Consulting, we can connect strategies in ways that a LAD-only broker likely cannot.

Here’s just some of what Mercer’s clients have seen:

  • Average savings of 10%-25%*
  • Audits that identify significant efficiency opportunities and gaps
  • Integrated health and disability opportunity of up to 25% on STD*
  • Competitive bidding, including reverse auction capability
  • Renewal negotiations
  • Absence management review, audit and redesign
  • Integrated LAD and health management strategies
  • Paid time off (PTO) bank design and pricing
  • Statutory disability plan compliance
  • Coordination with voluntary and executive benefits teams for integrated delivery
  • Performance-based pricing (PBP) of services

Mercer’s LAD solutions can be tailored to meet your specific company goals.

* Legal Disclaimer: Information provided here is not intended to convey any guarantees as to your actual cost savings. Results may vary depending on the options selected by a client.

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