For companies operating in many locations globally, it can be challenging to have a fair and consistent approach to employee benefits and protection. Local trends, differing legislation and the limits of host-government support structures can all add complication. It can be quite difficult for employers to ensure they are providing adequate support and protection to their valued internationally mobile employees.
Common questions often arise: How do we prevent duplicating cover for those employees — and therefore costs? How do we ensure that what we are doing complies with local regulations? How do we guarantee that our solution remains valid through rapid changes in the local markets?
The smart companies know, however, that adequately preparing your business for the impact of various global factors can make all the difference to the effectiveness of your international benefits spend.
A Mercer global survey of internationally mobile businesses sought to identify concerns and gain insights about benefits provision for both short and long-term assignees posted in other locations.
The top themes include:
Along with these themes, the survey determined that there are three principal success factors of overseas benefits provision: adequate benefits, valued perception by employees and cost effectiveness.
The good news is that many companies are continuing to think about international insurance solutions and, as a result, lots of support and guidance is available.
Are you looking for information to help do this on your own? We can offer a window into detailed trends around the world through the Mercer 2017 Benefits Survey. The global report provides thorough and invaluable narrative around the results and related topics while delivering strategic advice to help you manage the issues raised.