Opinion – Page 2
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OpinionJill Clucas: How Brexit could affect pension schemes
Funding levels in defined benefit (DB) occupational pension schemes have caused immediate concern, with falling gilt yields increasing deficits significantly. Employers with open DB schemes may consider the Brexit vote the trigger to replace DB accrual with a defined contribution (DC) arrangement for the future.Also important is the financial strength, ...
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OpinionKatharine Moxham: No employee should be without group risk protection
In the quest to offer a package that appeals to different generations and sectors of the workforce, there can be a tendency to over-focus on choice and flexibility, when there are some benefits that every member of the workforce needs. Take the case of a young unmarried person who might ...
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OpinionGeorge Saridakis: Managing employees in times of crises
Firms and workers operate, directly or indirectly, in a global economic environment that generates significant opportunities. Those opportunities are accompanied by risks, which can arise from the susceptibility to crises of interconnected economies.Economic turmoil can clearly threaten the growth and survival prospects of firms, and recessionary pressures can force organisations ...
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OpinionWhat are the key issues affecting global employers’ benefits strategies?
The rise of the global employer, and the importance of emerging markets for expanding organisations, has changed the way businesses engage with their employees. The needs arising from different cultural norms and fulfilling the expectations of a varied workforce have created rich, robust employee networks, but with it has come ...
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OpinionSally Hart: A crisis is not something employers can control, but they can be prepared
Being prepared for the unexpected will give an employer peace of mind, faster resolution, and highlight commitment to the safety and wellbeing of employees.Employers should consider potential risks and review all insurance policies to ensure cover is adequate, as insurers often exclude things like war and acts of terrorism. Emergency ...
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OpinionLynette Jacobs: Employers need to determine their objectives in extending a share plan internationally
Extending a share plan internationally is no longer an exception and the considerations for a small organisation extending participation into three jurisdictions and a multinational group operating a plan in 80 countries will be the same.The employer should first determine its objectives in extending the plan overseas, typically to strengthen ...
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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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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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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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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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