In this Meet the Experts interview, Jas Madan, SVP, Head of Value Advisory at Alight discusses value engineering in employee benefits and how data analytics can drive measurable improvements and ROI.
He explains that value engineering is the art and science of defining and measuring value objectively. More specifically, he addresses the challenge that while organizations offer anywhere from 30 to 50 employee benefit programs, utilization rates remain low.
Alight leverages data from 30+ million participants to provide unique insights combining record-keeping data with market data, powering their AI engine.
The conversation covers:
- Analytics best practices
- Benchmarking and closed-loop analytics
- Influencing employee behavior in enrollment, financial decisions and healthcare choices
The Meet the Experts series brings together industry, technology and partner experts to explore how Alight is redefining benefits experiences and creating intuitive, personalized support for both employees and employers.