← HR Metrics·Compensation & Benefits
Health Insurance Cost
Per-employee health insurance cost
How it’s computed
total_health_cost / enrolled
What the evidence shows
Evidence (effect sizes, priors, validity) is syncing from Principia.
Run it on your data
This metric is computed in the People Analytics Toolbox on your own numbers. See pricing — posted, no quotes.
sources: toolbox:metrics-catalog
What the literature says
The measurement literature behind this signal — sourced, so you can defend it.
“Because this category of employee benefits is the major component of the total employee benefits program, understanding and forecasting these costs accurately is vital. After all, on average, the cost of a total employee benefit program is about 30% of the total compensation…”
— Compensation Benefit Designmatch 55%
“This will provide an overall total benefits cost target. Historical data collection on the breakdown of each benefit line item should be undertaken. Here is a comprehensive list of all the benefit components: • Legally required benefits mandated by various laws • Medical…”
— Compensation Benefit Designmatch 51%
“The contributing factor is that over the past four years unemployment has been in the range of 8% to 10%. This is a good and a bad piece of information. Because the number of covered employees has been going down, the total cost of medical coverage has been (most probably)…”
— Compensation Benefit Designmatch 50%
Resources: Compensation Benefit Design