The more countries in which an organisation operates, the less centralised its benefits strategy is, according to research by ComPsych.
Its Global trends report: global workforce needs are universal found that, among employers based in one to five countries, 72% said the benefits strategy was highly centralised.
Among employers based in more than six countries, only 19% said the benefits strategy was highly centralised.
The top considerations among respondents for centralising benefits decisions were: to ensure consistency and fairness (84%), cost containment (83%), compliance (47%), corporate governance (30%), provider issues or limitations (28%) and risk management (19%).
The research also found that the obstacles to centralised global benefits are: provider issues or limitations (45%), local policies or regulations (43%), cost-effective implementation (40%), strong culture of regional autonomy (37%), and local market competitiveness (31%).
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