International benefits
Managing international benefits is complex due to different tax and employment legislation rules in different countries around the world. Each country has its own statutory benefits, while local employers will offer staff perks based on local wage and employment demands. This complexity is heightened for global reward managers who also post expatriates to foreign offices, and need to consider business travel insurance, overseas medical insurance and dealing with relocation services. Pan European pensions, international employee benefits trust, pooling and captives are the focus for international employee benefits managers with an EMEA or global remit.
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News
Societe Generale rolls out global reward statements across 35 countries
Societe Generale has rolled out total reward statements to employees in 35 countries in a bid to demonstrate the value of the investment bank's reward package and to make it stand out as an employer of choice.
14 May International reward managers should not impose a global benefits strategy
06 May Alexander Mann's new UK flexible benefits plan to go global
17 Apr William Russell provides emergency assistance to ex-pats in Indonesia
03 Mar Atkins' senior managers to receive global statements
Analysis
Running an international benefits strategy
Running an international benefits strategy from one country can have cost and control advantages, but employers do run the risk of distancing themselves from local requirements, says Sam Barrett
07 Apr Benefits in New Zealand
03 Mar Tropical health threats
27 Feb Making the most of multinational risk pooling
04 Feb Irish perks in clover
05 Nov Expat risk and the right healthcare cover can be challenging
Case Studies
Standard Chartered Bank caters for international assignments
Standard Chartered Bank operates in 56 countries and has 58,000 employees worldwide. Staff are encouraged to take international assignments and there are currently around 35 in-bound assignees working in the UK.
06 Mar Expatriate assignment reward policy at Brown-Forman Europe, Beverages
06 Mar Expatriate assignment reward policy at BP
18 May RSM International formalises secondment programme for staff
05 Feb Drinks firm Beam reviews global benefits
Research
Training aids retention worldwide
Globally, 73% of employers believe training is the best way to boost staff retention. According to the International workplace survey conducted by recruitment specialists Robert Half International, a further 37% view career development programmes as a ...
18 Jun London is second most expensive city for expatriates
04 Jun European Union holiday entitlements vary greatly
01 Oct More multinationals embracing centralised compensation structures
