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New 2013 Lindex® Scores!

2013-Lindex-400-2We’ve just released the new Lindex® scores based on our 2013 Iowa Employer Benefits Study©. Introduced last year, the Lindex is an innovative tool that allows Iowa employers to distill voluminous and complicated benefits data into one relevant number.

An organization’s Lindex score will help Iowa employers:

  • Determine the competitiveness of their benefits package.
  • Attract and retain a high quality workforce.
  • Decide whether benefit changes are required to keep your employee benefits competitive.

The Lindex is a composite score used as a reference when determining the quality of benefits offered by Iowa organizations. This index is the result of a sophisticated calculation based on the benefits data submitted by 1,054 Iowa organizations from the latest 2013 Iowa Employer Benefits Study©.

Calculated once a year, the Lindex ranges from 0 to 100, with low scores reflecting fewer benefits offered at a higher cost to employees, while higher scores indicate more benefits being offered at a competitive cost.

In 2013, the overall Lindex score for Iowa employers (regardless of employer size and industry) was 72. Last year’s overall Lindex score was 73. The Lindex score will vary based on the employer size and industry. For example, employers with fewer than 10 employees have a Lindex score of 58, while employers with at least 1,000 employees averaged 88. Employers in the retail industry averaged 59, while employers in public education averaged 81.

Below is a summary of the Lindex scores based on organization size:

2013 Lindex Organization

Below is a summary of the Lindex scores based on industry:

2013 Lindex - Industry

It’s important to note that an organization with a Lindex score of 68 might appear to be somewhat low when compared to the overall statewide score of 72, but if this score is above the average Lindex score for similar organizations based on size and industry, then it could be considered a good score for that organization.

To purchase a copy of the 2013 Iowa Employer Benefits Study© and/or Lindex Online benchmarking tool, click here.

To learn more about the Lindex, and how your organization can learn your own Lindex score, please visit the Frequently Asked Questions (FAQ) section of our website.

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