All Global reward articles – Page 24
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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 ...
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AnalysisHow to align international benefits with business objectives
If you read nothing else read this…Aligning an international benefits strategy with global business objectives can improve efficiency, administration and bring economies of scale.Carrying out regular country-by-country audits is a good idea, but many employers fail to do so.It may be helpful to bring in a consultancy with international experience.International ...
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ArticleDubai brings in new expat health insurance laws
Employers with expatriate members of staff working or going to work in Dubai will have to comply with new health insurance laws. Under the new rules, it is mandatory for all expats in Dubai to hold basic compliant health insurance in order to be issued with a visa. In addition, ...
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ArticleEbola poses difficult challenges for employers
HR and global mobility professionals cannot ignore the issue and potentially fatal impact of Ebola on their workforces as the deadly virus disease continues to spread across the globe. As new cases are reported in the western world, particularly among hospital workers and healthcare professionals, employers must consider how far ...
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ArticleA quarter of expats have no international health cover
A quarter (25%) of expatriates do not have international health insurance cover because they think they do not need it, according to research by Now Health International.Its study of 290 respondents found that this 25% felt they did not need international medical cover because they were currently healthy and did ...
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ArticleDOD’s blog: What does Ebola mean for global mobility?
In the past few weeks I have had several conversations with HR people about the impact of Ebola.In particular, those responsible for expatriates are not sure how to react.One employer had expat staff out in West Africa so had to decide whether to bring them back to the UK. And ...
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Analysis
Safeguarding expatriate health is key
If you read nothing else, read this…An expatriate health and wellbeing strategy must accommodate every family member.The most likely cause of expat staff ill-health is a pre-existing condition.Air pollution, infectious diseases, altitude, humidity and temperature all contribute to local environmental health issues.For example, the winners of PruHealth and Mercer’s Healthiest ...
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ArticleWood Group PSN switches occupational health provider
Wood Group PSN has changed its occupational health services for its 30,000 employees.The oil services provider, which employs both onshore and offshore staff in 40 countries, previously offered an occupational health scheme provided by Capita and another supplier.It has signed a £6-million, three-year contract with Capita, which will deliver all ...
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Case StudiesCushman and Wakefield seeks consolidation
The review was driven by a desire to provide a more consistent benefits offering for its 2,500 employees working across the region. The organisation is working with global adviser, Willis Employee Benefits, to assess its current benefits provision, to identify potential cost efficiencies and look at the governance of each ...
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AnalysisHow to use employee benefits to underpin a global expansion programme
If you read nothing else, read this… Employee benefits can help employers recruit, retain and incentivise staff in new countries.A well-planned strategy is key to a consistent benefits offering across multiple locations. Deciding which benefits to offer global staff can be a challenge.Organisations can use employee benefits to help recruit ...
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AnalysisHow to maximise global benefits scheme efficiencies
If you read nothing else, read this…Global employers must consider costs in the context of employees’ locations. The design of a benefits scheme can help to contain costs.Multinational pooling can save an employer money on insured benefits.One of the key challenges for global employers is the specific healthcare needs of ...
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AnalysisStephen Hackett: Health management and wellness: tackling a growing global issue
A combination of factors means health insurance benefits are under increasing financial pressure globally. The cost of health insurance is rising by 3-5% above gross domestic product (GDP) in most countries in the world.This puts increasing pressure on employers that provide health insurance as part of their benefits offering. So ...
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AnalysisWhich global mobility services do respondents outsource?
Source: Managing the global mobility function 2013 , published by the Forum for Expatriate Management in September 2013
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Case StudiesLloyd’s Register to centralise global mobility service
Selina Jones-May, head of global mobility at Lloyd’s Register, started the process in April 2013 and has been process-mapping all of the global mobility function.An integral part of the process was to obtain approval from the organisation’s executive committee by submitting a robust business case, which included models of the ...
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Article
Global expansion drives expatriate benefits review
Lloyds Register, for example, is developing a centralised global mobility service across its international locations, which includes reviewing and benchmarking its HR services and benefits provision, such as its international private medical insurance and relocation package.Doug Rice, director of Jelf International, said: “A number of independent organisations provide benefits benchmarking ...
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Article
Most expatriates satisfied with benefits provision
Expatriate employees are satisfied with the benefits provided by their multinational employers, according to research by Cigna and the National Foreign Trade Council (NFTC).Its Expatriate trends study 2013, which surveyed 1,511 expatriates in 140 countries, found that 80% of respondents received general relocation services, 63% received settling-in services and 65% ...