International benefits – definitions

Managing benefits on a global basis 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 international 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 benefits trust, pooling and captives are the focus for benefits managers with an EMEA or global remit.

 

Common terms related to international benefits:

Business travel insurance

Captives

EMEA

International flexible benefits

International employee benefits trust

International health insurance

Multinational pooling

Relocation, international