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.
Definitions related to international benefits
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News
EXCLUSIVE: Cognizant Technology Solutions rolls out reward statements across Europe
Cognizant Technology Solutions will roll out online total reward statements (TRS) to its staff based in Belgium, France and Germany.
06 Feb EXCLUSIVE: Jelf launches online assessment tool and microsite for international healthcare benefits
16 Jan Towers Watson research: International pension market grows by 50% in five years
09 Jan Mercer research: US pension deficits widen for second year
13 Dec Mercer research: Workers in Western European countries have best statutory paid holiday
12 Dec Government publishes draft legislation on changes affecting transfers into Qrops
Analysis
Benefits in India
As India's working population gets younger, flexible benefits and leased cars are among the benefits gaining popularity, says Jennifer Paterson
06 Feb Collective gains from benefits in France
03 Jan Employee Benefits international reward supplement 2012
03 Jan International reward: Wellbeing strategy needs local input
03 Jan International reward: Take a look at offshore pension schemes
03 Jan International reward: Global viewpoint needs local focus
Case Studies
Case study: Mars international pension scheme has DC and DB flavours
Mars, which manufactures brands such as Pedigree, Dove and Snickers, set up an international pension scheme for its globally mobile senior managers in 2008.
07 Mar Thought leaders: Academic insights: Is your pay system working against you?
06 Jan Case study: Julius Baer banks on international pension plan
06 Jan Case study: Thomson Reuters uses multinational pooling for risk benefits
Research
Ranstad research: Hong Kong employees to seek pay increases up to 10%
Employees in Hong Kong will seek pay increases of up to 10% in the year ahead as business leaders see promising local growth, according to research by Ranstad.
16 Jan Towers Watson research: International pension market grows by 50% in five years
09 Jan Mercer research: US pension deficits widen for second year
13 Dec Mercer research: Workers in Western European countries have best statutory paid holiday
09 Dec Glassdoor research: US employees prefer cash bonuses to Christmas parties
06 Dec OECD report: Gap between high and low earners continues to grow
