All Global reward articles – Page 25
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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% ...
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Article
Aviva makes changes to international PMI
Aviva has made changes to its international private medical insurance, which will come into force from 1 February 2014.The changes, which aim to provide new and existing members with clearer benefit terms, include an increase in core benefits to an annual limit of £5 million.The policy has been divided into ...
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Article
Paper published on global tax and social security
HR data and systems provider, ECA International, has published a free paper on tax and social security liabilities for both employers and employees around the world.The paper, Global perspectives – tax and social security, looks at developments in government policy across the globe in 2013 through guides and associated commentaries.The ...
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Article
Aetna International to acquire InterGlobal
Aetna International is to acquire InterGlobal from a group led by its majority shareholder, Alchemy Partners, for an undisclosed sum. InterGlobal has more than 65,000 medical members worldwide and specialises in international private medical insurance (PMI) for organisations and individuals in Africa, Asia, Europe and the Middle East.The transaction is ...
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Article
Mercer acquires benefits data provider in Africa
Mercer has acquired a compensation and benefits survey data and reward information provider.Global Remuneration Solutions (GRS), which is headquartered in South Africa, conducts compensation and benefits surveys in 36 countries across sub-Saharan Africa and provides reward and mobility products and consulting to local and international organisations operating in Africa.Gaurav D. ...
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Article
DOD’s blog: the changing face of expatriates
This week I managed to get myself down to the Totally Expat Show to immerse myself in the world of global mobility managers for a few hours.On Employee Benefits we regularly touch on expatriate benefits, but it is not a key focus (we leave that to our lovely colleagues over ...
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Opinion
Linda Torr: Legal requirements for offshore workers
There are many considerations for an employer to ensure it complies with the new legislation, including the provision of benefits for health protection, medical care, welfare and social security protection. This includes the requirement for pre-deployment screening, access to primary care while on board, including dental care, and occupational health.The ...
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Case Studies
Pay and holidays are main attraction for offshore workers at Ceona
The London-based organisation, which now has 76 employees, has offshore sites in the North Sea, the Gulf of Mexico, the Norwegian continental shelf and West Africa.Dave Mackay, offshore construction manager at Ceona, says remuneration and holidays, with employees receiving up to six months’ leave per year, are major attractions for ...
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Opinion
Ellyn Karetnick: Global mobility vital in battle for talent
The war for talent is escalating as employers see signs of a global economic upturn, and there is an urgency to get top talent out into new or emerging markets.Long-term assignments remain, but employers are becoming more economical, and alternative arrangements continue to grow. Short-term, commuter and rotational assignments and ...
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AnalysisAuto-enrolment for internationally mobile employees
IF YOU READ NOTHING ELSE, READ THIS…The eligibility of employees coming to work in the UK, and or those leaving to work abroad, has to be assessed for auto-enrolment.Employers should clearly document each step of the decision-making process when assessing these employees.Mobile employees must be enrolled in a qualifying pension ...
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Article
Bupa partners Jubilee Insurance in Kenya
Bupa International and Jubilee Insurance, an east African insurance group, have entered into a partnership to offer Bupa’s health insurance products in Kenya.These products include Bupa’s emergency treatment plan, Vital Africa, which enables staff to access emergency treatment anywhere in Africa.Wayne Close, managing director at Bupa International, said: “This partnership ...
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Article
New global markets dominate foreign assignments
This article has been written by our channel sponsor, AvivaUK employers are looking further afield to exploit new business opportunities in the globalised marketplace, according to latest research from Aviva. The survey finds that 58% of employers sending staff overseas are posting employees to new locations, with the emerging ‘BRIC’ ...