Companies that understand how mobile employees can be a key asset, are fine-tuning their strategies to coordinate activities and select the most suitable approach. Find out how:
Building the foundations:
- Your unique workforce: A good starting point is carrying out an analysis based on a detailed employee population census. This will allow to assess where they are located, their status and expectations, and to integrate this information into your overall strategy
- The environment: Conducting a geographic and industry benchmark will shed light on the employee benefits market, identify best practice, and assess how your own company perform against competitors
- Flexibility: Based on previous analysis, it is possible to identify solutions based on your specific needs by selecting benefits to match the needs of different groups of employees in the same plan.
Global design:
- Governance: Define the balance between flexibility and cost control and central coordination to enhance your company operations
- Measurement: Set up centralised monitoring, measurement and reporting systems to assess effectiveness and return on investment in your mobility plans
- Support and assistance: Assess the need for centralised support in managing different regulatory systems, across countries or even within the same country across industry sectors or regions
- Pooling: Integrate your expatriate benefits in a global portfolio will allow you to reduce costs and enhance profitability of your benefits solutions.
Employees value proposition:
- A multinational plan will ensure portability of coverage, so as not to face constraints when relocating, and enhance protection of the employees, who may for instance be ensured access to facilities and care not available in their host or home country
- Part of the return on your costs, is based on how much your workforce understanding of the benefits they are provided contribute to their engagement and retention
- Make your benefits a statement and a competitive advantage with clear messages to explain to your employees the value of benefits provided.