Analysis
-
AnalysisCan technology help to offer a unified global benefits proposition?
Credit: metamorworks/shutterstock Cloud-based platforms can enable employees across the globe to access benefits through a unified proposition. Availability of benefits will differ between countries. Employers should ensure that their benefits technology and chosen provider are able to support varying needs in multiple countries. Benefex’s Evolution ...
-
AnalysisWhat support can employers offer for expatriate staff facing natural disasters?
Rescue helicopter/Jaromir Chalabala/ ShutterstockNeed to know:Pre-assignment risk assessments and briefings can help an expatriate employee feel as prepared as a local if a natural disaster happens.Security risk management firms can support employees with information and support if they are affected by a natural disaster.Employers should check what is included in ...
-
AnalysisWhat can the UK learn from childcare policies around the world?
Childcare in other developed nations is typically subsidised and invested in by governments to a greater extent than it is in the UK.Looking at childcare provision in other countries, greater investment from government can bring down overall costs for employers to offer working parents more support.Some UK organisations have taken ...
-
AnalysisBenefits strategies in the Republic of Ireland
Need to know:Some of the core differences between the UK and Ireland centre around salary sacrifice arrangements, share schemes, pensions, and health insurance.Diversity and inclusion is particularly important to employees in Ireland, with awareness growing around issues concerning women, the LGBTQ community, and ethical practices.With a thriving employment market and ...
-
AnalysisWhat impact is the war in Ukraine having on benefits strategies?
Employee support during the war in Ukraine might include evacuating staff and providing flexible, practical support for those directly affected.Organisations should also remember the importance of mental health support for all employees, including senior managers.In addition to day-to-day considerations, businesses should understand the wider ramifications of world events on other ...
-
AnalysisHow is technology changing the delivery of employee benefits on a global scale?
Although there are some universals, benefits are often subject to local cultural, tax and regulatory differences, which multinational organisations must then try to align with a global strategy.Digital channels can be used to create effective communication around what benefits are available in each location, as well as easing access and ...
-
AnalysisWhat role does a reward strategy hold in a battle for talent?
Need to know:Benefits such as financial education, salary sacrifice, health cash plans and discount platforms can help to support employees during the cost of living squeeze.Higher inflation may help address existing pay inequalities but organisations must also guard against creating new ones with jobseekers demanding higher starting salaries.Paying attention to ...
-
AnalysisHow can employers improve their health and wellbeing offering to expatriate staff?
Need to know:Expat health and wellbeing benefits include initiatives such as maternity and chronic conditions cover, as well as more traditional medical treatment.More digital health and wellbeing services have evolved as a result of the pandemic and these are likely to remain a key part of support.Health awareness has ...
-
AnalysisHas the pandemic affected health and wellbeing priorities around the globe?
Need to know:Cultural differences, varying health risks and legislation drive employers’ health and wellbeing priorities around the world.The biggest differences in provision are in mental health, with the US and Western Europe most advanced in the support they offer employees.The pandemic has accelerated the provision of health and wellbeing support ...
-
AnalysisHow has the Covid-19 pandemic affected global reward strategies?
Need to know: The Covid-19 pandemic has affected the reward packages that employers offer to their global workforces.The need for health and wellbeing packages has never been more important than during uncertain times.Global organisations are looking to refine the way they offer benefits, to present a much more unified and ...
-
AnalysisWhat does the Covid-19 pandemic mean for international benefit strategies?
Need to know:Digital benefits and online platforms are set to increase as more employees around the globe work remotely.International demand for health and protection benefits is up, with a focus on wellbeing and lower-cost options.Different experiences of the pandemic mean local benefits solutions are important.With the Covid-19 pandemic forcing much ...
-
AnalysisHow are employers using voluntary benefits to support employees around the globe?
Need to know:In some markets, such as the UK, voluntary benefits are ubiquitous, while in others they are only just emerging as a resource for attracting and retaining talent.Health and wellbeing is a key area of focus across the globe, and voluntary schemes can be used to supplement local state ...
-
AnalysisHow to roll out healthcare and wellbeing benefits globally
Need to know:Employers looking to roll out healthcare and wellbeing benefits globally need to use culturally appropriate language to effectively engage employees across different locations.Creating a global framework that allows for local tailoring is effective for supporting geographically dispersed staff while adhering to an overall vision.Buy-in from local HR teams, ...
-
AnalysisHow can employers unify their benefits strategies internationally?
Need to know:For global organisations, a unified benefits strategy, as opposed to numerous localised approaches, can ensure that all employees are treated and cared for equally.Localised benefits packages that align to overarching principles can help create an appropriate offering that appeals to differing needs.Open and honest communications can help employers ...
-
AnalysisWhat to include in an expatriate motivation and recognition scheme
Need to know:Employers should be clear about why they are sending employees on assignments and what they need to achieve to keep them motivated.A cultural awareness programme for employees and their families is crucial, as is understanding local approaches to motivation and reward.Employers need to keep expat employees engaged so ...
-
AnalysisLife on assignment: Expatriates in numbers
!function(e,t,n,s){var i="InfogramEmbeds",o=e.getElementsByTagName(t)[0],d=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(s)&&(s=d+s),window[i]&&window[i].initialized)window[i].process&&window[i].process();else if(!e.getElementById(n)){var a=e.createElement(t);a.async=1,a.id=n,a.src=s,o.parentNode.insertBefore(a,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");Read more...What to include in an expatriate motivation and recognition schemeDavid Enser: Flexibility is key to expat motivation and recognition schemes
-
AnalysisHow can employers deliver a valued benefits package for expatriates?
An overseas assignment can be rewarding for employee and employer alike. But, whether based in Brussels or Bogota, having the right employee benefits and support for expatriates is a must.For starters, an expatriate remuneration package needs to be attractive. Penny Pemberton, principal at Aon Employee Benefits, says: “[Organisations] compete for ...
-
AnalysisInfographic: How many global employees expect to work into their 70s?
!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script")[0],d=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=d+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var r=e.createElement("script");r.async=1,r.id=s,r.src=i,o.parentNode.insertBefore(r,o)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");
-
AnalysisWhat can the UK learn from European benefits reforms?
Need to know:Some European countries, such as the Czech Republic and Spain, have increased paternity leave to reinforce a focus on gender equal family-friendly policies.Poland and Turkey are among the latest European countries to implement pensions auto-enrolment initiatives to help combat the financial implications of an ageing population.Larger organisations may ...
-
AnalysisWhat do employers need to consider around expatriate PMI pre-assignment?
Need to know:Prior to assignment, an employer can tailor its private medical insurance (PMI) plan to suit budgets or local markets.Employers need to make sure that they work with a provider, or broker, that has knowledge of global markets.Employers should make sure that the provider offers expats access to a ...