Alight Worklife® Enabled Over 100% ROI and Significant Cost Savings, Total Economic Impact Study Finds
September 19 2024 - 7:00AM
Business Wire
Independent analysis, based on interview with a company using
Alight Worklife, revealed business growth and profitability
benefits, including:
- A 112% ROI,
- $2 million in annual health cost savings,
- A payback period of under 12 months and a net present value of
$4.8 million over three years.
Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital
technology and services provider, today announced the results of
Forrester’s Total Economic Impact™ study, Forrester’s methodology
for measuring the comprehensive impact of a company’s investments,
technologies, projects and initiatives. Commissioned by Alight and
conducted by Forrester Consulting, the study evaluated the return
on investment (ROI) for one of Alight's clients, highlighting the
potential ROI that clients could achieve by using Alight Worklife
to manage employee benefits.
To better understand the benefits, costs and risks associated
with this investment, Forrester interviewed the representative of
an organization who has experience using Alight Worklife to project
a three-year financial analysis. During its analysis, Forrester
found that the company experienced immediate benefits in terms of
business growth and profitability, including a 112% return on
investment (ROI) and annual health cost savings of $2 million.
“Forrester’s TEI study demonstrates for us how our integrated
benefits solutions are reshaping the benefits landscape, driving
significant improvements in both financial outcomes and employee
experiences for our clients,” said Greg Goff, President at Alight.
“The Alight Worklife platform, powered by purpose-built AI, is
trained on comprehensive U.S. benefits data and supported by a team
of benefits experts. This delivers a true benefits advantage as the
platform seamlessly integrates with Alight’s health, wealth,
wellbeing, navigation and absence administration solutions, as well
as over 600 benefits ecosystem programs and tools.”
The interview participant for this study, an executive director
of benefits for a global company with approximately 20,000
employees using Alight Worklife, noted, “Alight has helped us
streamline and make our day-to-day administrative processes much
more efficient. It was a worthwhile investment, and Alight has been
very flexible."
Key findings from the Forrester TEI study include:
- 112% Return on Investment (ROI): The study found that
Alight Worklife delivered a significant return on investment for
this global company, effectively optimizing benefits.
- $2 million annual health cost savings: Alight helped the
company’s employees resolve claim issues, find in-network doctors,
avoid high-cost procedures and more, resulting in time and cost
savings.
- 25% productivity gains: Alight’s Benefits Experts
enhanced the efficiency of benefits administration, enabling the
client’s teams to redirect resources to more valuable work
supporting the employee experience.
- $4.8 million Net Present Value (NPV): Forrester’s
evaluation found that Alight Worklife presented this client with an
NPV of $4.8 million over three years, highlighting a compelling
investment opportunity for other companies considering working with
Alight to manage their employee benefits.
To learn about Forrester’s Total Economic Impact study and
discover how Alight Worklife is transforming the benefits
experience download the full study.
About Alight Solutions
Alight is a leading cloud-based human capital technology and
services provider for many of the world’s largest organizations and
over 35 million people and dependents. Through the administration
of employee benefits, Alight helps clients gain a benefits
advantage while building a healthy and financially secure workforce
by unifying the benefits ecosystem across health, wealth,
wellbeing, absence management and navigation. Our Alight Worklife®
platform empowers employers to gain a deeper understanding of their
workforce and engage them throughout life’s most important moments
with personalized benefits management and data-driven insights,
leading to increased employee wellbeing, engagement and
productivity. Learn more about the Alight Benefits Advantage™ at
alight.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240919401831/en/
Mariana Fischbach Mariana.Fischbach@alight.com
Alight (NYSE:ALIT)
Historical Stock Chart
From Nov 2024 to Dec 2024
Alight (NYSE:ALIT)
Historical Stock Chart
From Dec 2023 to Dec 2024