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
Employee Benefits Connect: Hitachi Data Systems takes a global view on benefits
Hitachi Data Systems has taken steps to reduce its benefits administration and control costs, improve its international reward offering and ensure employees understand the value of their package.
10 May Lakeshore TolTest enhances private medical care for overseas employees
08 May Mercer partners Equus Software to manage expatriate employees
21 Mar Budget 2012: Changes to qualifying recognised overseas pension schemes (Qrops)
19 Mar Expacare introduces international PMI for small employers
16 Mar Global Share Alliance grows with addition of North American share registrars
Analysis
Managing the health and wellbeing of employees overseas
It is becoming easier to provide health and wellbeing benefits for employees working abroad, says Jennifer Paterson
02 Apr Building a PMI plan for expatriates that complements state provision
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
Case Studies
Case study: Incisive Media finds a balance on healthcare overseas
With offices in locations such as Hong Kong, New York and Singapore, it is not surprising that overseas assignments are high on the agenda of the benefits team at business-to-business publisher, Incisive Media.
05 Mar Case study: Online tool handles global flex for Trowers and Hamlins
07 Mar Thought leaders: Academic insights: Is your pay system working against you?
06 Jan Case study: Julius Baer banks on international pension plan
Research
Benefits research 2012: International benefits
The number of employers that operate a global benefits framework has grown in the last few years.
13 Mar Jelf Employee Benefits research: Respondents do not understand international healthcare benefits
12 Mar Towers Watson research: UK salaries predicted to rise by 3%
12 Mar Mercer research: Asia Pacific-based employees enjoy highest pay rise
28 Feb Towers Watson research: Pay freezes higher among EMEA-based organisations
16 Jan Towers Watson research: International pension market grows by 50% in five years
