All Global reward articles – Page 23
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ArticleMaersk Group enhances maternity benefits for global employees
Danish transportation and energy organisation Maersk Group is to introduce improved maternity benefits for its employees globally.In an effort to increase the retention of female staff following childbirth or adoption, from 4 April 2016, Maersk Group is to launch a new policy to enhance benefits during and after maternity leave.The ...
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ArticleStarbucks China introduces sabbatical leave and housing allowance subsidy
Starbucks is introducing a sabbatical leave policy and housing allowance subsidy for its 30,000 Chinese employees.The organisation's Career Coffee Break scheme enables employees with 10 consecutive years of service to take a sabbatical of up to 12 months. Although the leave is unpaid, employees will still be entitled to receive ...
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ArticleSheetz to invest $15m to increase employees' pay
US convenience store chain Sheetz is to invest more than $15 million this year to increase its employees’ pay.The organisation is making the investment in staff wages as part of its commitment to establish Sheetz as a great place to work and to offer a competitive compensation package for its ...
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AnalysisInfographic: What global wellness programmes do employers commonly provide?
An infographic on commonly provided global wellness programmes. (Source: Aon Hewitt 2016 Global medical trend rates, November 2015).Read more about how to address local healthcare needs across a global workforce.
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AnalysisHow to address local healthcare needs across a global workforce
Need to know:Local differences including state healthcare provision, insurance regulations and culture will affect how a global health and wellbeing strategy is applied in different countries.As well as improving employee health, global wellbeing challenges can encourage greater teamwork and underline the organisation’s commitment to its workforce.Language differences and regional events ...
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ArticleNew York City mayor sets $15 minimum wage for government staff
The minimum wage for New York City government employees and those who provide contracted work for the city at social service organisations is to rise to $15 an hour by the end of 2018.Bill de Blasio, New York City mayor, has announced that the higher rate will benefit around 50,000 ...
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Article
43, Aetna industry insight - International medical insurance – extending the care net
Standfirst: Traditional medical insurance is evolving to meet the growing demands of employers and their international workforces.The global nature of today’s commercial landscape has seen organisations expand across international boundaries with increasing frequency. The growing number of globally mobile employees has led to rising expectations of healthcare protection for staff ...
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ArticleExpatriates in Qatar enjoy largest financial gains
More than three-quarters (76%) expatriate (expat) respondents based in Qatar have a higher level of disposable income since moving there, according to research by HSBC.Its Expat explorer survey, which surveyed 21,950 expat workers from 198 countries, also found that 72% of respondents in Oman have more income at their disposal ...
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Case StudiesDomestic and General engages global workforce with recognition scheme
Domestic and General launched an international reward and recognition scheme for its 2,500-plus employees in December 2014. The reward programme, provided by Red Letter Days for Business, is available to employees in six countries: the UK, Australia, France, Germany, Spain and Italy.Phil Harvey, group HR director for the warranty provider, ...
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OpinionDr Jonathan Trevor: Global reward requires complex design
The challenges of managing reward are considerably underestimated by many outside of the human resources function. It is much easier to get it wrong than get it right. When managed poorly, reward can demotivate, disengage and disenfranchise people very quickly and make headline news when the cause of value destroying ...
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AnalysisHow is the management of global reward changing?
If you read nothing else, read this…Employers are increasingly establishing governance teams and appointing global benefits brokers to work with their benefits teams.Growth in technology, especially smartphones, has boosted the communication of global benefits programmes, but this can still be a challenge.Employees are looking for more benefits that improve their ...
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Article
Global reward
The latest analysis, news, case studies and opinion in relation to global reward strategies for employees in a variety of multinational locations, as well as expatriate employees.
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Analysis
41 - Aetna industry insight: Take care of employees’ health when expanding abroad
It’s fair to say that the world is truly now a global marketplace. British organisations are not only well placed to take advantage of a ‘borderless’ Europe but doors are open around the world for those able to step through them. Organisations taking advantage of commercial opportunities abroad face a ...
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Analysis
41 - Aetna industry insight: Take care of employees’ health when expanding abroad
It’s fair to say that the world is truly now a global marketplace. British organisations are not only well placed to take advantage of a ‘borderless’ Europe but doors are open around the world for those able to step through them. Organisations taking advantage of commercial opportunities abroad face a ...
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OpinionKatie Davies: Hypothetical tax and calculating fair compensation for expatriate employees
These multiple tax obligations are, of course, inconvenient for expatriate employees. More importantly, though, these obligations may result in significant employee financial losses, or sometimes even gains.Many multinationals have tax-equalisation policies to account for these tax differentials. These policies seek to remove any tax-related advantage or disadvantage that could affect ...
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ArticleCentralising global benefits held back by operational realities
Multinational employers are building infrastructures to manage employee benefits globally by centralising benefits decision making but this is ahead of the operational realities, according to research by Aon Global Benefits.Its 2015 Global benefits survey, which surveyed 184 respondents specialising in global benefits and reward, found that a lack of centrally ...
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Article70% of expats do not understand pension freedoms
Almost three-quarters (70%) of British expats do not understand the new pension flexibilities, according to research by financial advice firm AES International.The survey of 170 expatriates found that of the 30% who do understand the pension freedoms, just 6% know how it will affect how they plan to fund their ...
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AnalysisNew trends in international private medical insurance
If you read nothing else, read this… Many employers have traditionally accepted the relatively high cost of international private medical insurance (IPMI).The performance of unnecessary medical procedures is helping to maintain high IPMI costs in some countries.But employers can help to reduce costs by dictating the hospitals in which their ...
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ArticleAon Hewitt partners Swedish pensions firm
Aon Hewitt is to partner PRI Pensionsgaranti (PRI), Sweden’s largest firm of pension administrators and actuaries.The partnership will enable Aon Hewitt to provide Swedish and international pensions actuarial services in Sweden.Through the agreement, Aon Hewitt will support PRI in providing global actuarial co-ordination services, while PRI will continue to provide ...
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AnalysisWhat to consider when setting up a crisis management strategy
If you read nothing else, read this….Think location when drawing up emergency response plans. Getting an employee out of a war-torn African republic will require a very different approach to bringing them home from Europe.Ensure an employee assistance programme (EAP) has global capabilities. A UK EAP may be able to ...