Watson Wyatt has launched a new version of BenTrack, an online tool that helps multinational organisations manage the costs and risks associated with their benefit and compensation programmes across global operations.
BenTrack enables multinationals to centrally manage benefit and compensation plan data from multiple countries, subsidiaries, divisions or employee groups.
With local language capabilities and access to benefit prevalence data, this user-friendly tool helps companies better maintain consistency and assess the competitiveness of their benefit programmes.
Watson Wyatt said the new version of BenTrack includes improvements such as more robust, user-defined reporting, specialised governance tools to drive process and accountability, and customisable templates and checklists that can facilitate plan harmonisation after a merger or acquisition.
Chris Mayo, European head of Watson Wyatt’s international group, said: “Since its initial launch in 1996, Watson Wyatt has continued to improve BenTrack. This new version incorporates user feedback to address the changing needs of multinational companies. Its increased functionality will help employers improve their overall plan effectiveness and governance in an increasingly complex global business environment.”
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