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Why a harmonious collaboration with Employee Benefits Providers can be advantageous for International Companies A long-term perspective is key In today‘s world of fast flows of information and increased striving for transparency, it became natural to source products and services from distant markets and change providers/vendors regularly. Often the main reason for repeated changes of providers is price. While in many moments in private and business life providers are

In the previous articles of this series, we examined the importance of gaining control over employee benefits (EB) costs and management. As a foundation for action, the Head Office should consider its data acquisition and evaluation. In practice, this is much more complicated than it sounds. The biggest challenge is that EB data flows from different sources (Benefits Networks, insurers, brokers, TPAs, accountants etc.) to subsidiaries and then to

In our previous article in this series (see Part I here) we examined a case in the Netherlands that demonstrates how the head office of an organization can help subsidiaries with an international approach. We will now analyse another example in which an international solution added value to local employee benefits (EB) provision. Maintaining the example of the German Group, we are assessing a subsidiary located in the United

In the previous articles of this series (Article I & Article II), we discussed the importance of knowing the insurable employee benefits (EB) specific to your organisation, so as to understand the total costs associated with providing benefits to employees. With this knowledge gathered centrally in the head office of your organisation, your central Finance and Benefits managers will be able to seek possibilities of optimisation at a local

t is well known that companies with operations in multiple countries are in the best position when their employee benefits (EB) plans are controlled centrally. The largest companies have implemented a central function within their HQ that is responsible for EB management. However, in medium-size companies with international operations (i.e., 1’000 – 5’000 employees), this level of control and management is still often non-existent. The key to gaining control

. ithin the head offices of many organisations, employee benefits (EB) come as a concern to a variety of C-level decision makers. The responsibility of ensuring suitable employee benefits for an organisation’s workforce is linked closely to a manager’s capacity to meet specific targets. However, to meet those targets, companies require the ideal employee benefits scenario – the ‘dream.’ As a result of operational limitations, the ‘dream’ EB scenario

Allowing for financial synergies (6/6) By choosing @GEB_Network for your international expat plan, you not only benefit from a best compliant, integrated solution that will meet the needs of your diverse employees – wherever in the world they are – but you also benefit from cost efficiencies. For example, a global Network built upon years of close partnership working and trust, allowing for a high degree of harmonisation of

Centralising plan set-up and information management (5/6) Your multinational organisation is complex. But your global mobile employee benefits plan needn’t be. The right solution will allow you to insure your locally-based employees alongside their expat colleagues, with bespoke plans and quality benefits. For the employer, we bring solutions that are compliant and cost-effective. Plus, everything in one place, including comprehensive reporting packages. For the employee, we bring a user-friendly

Aiming for a high degree of harmonisation of terms and benefits (4/6) There are pros and cons of harmonising your terms of employment. But we believe the advantages far outweigh the disadvantages, bringing you a global mobile employee benefits plan that is more: attractive; fair; compliant; efficient. And less administration heavy and hierarchical. Talk to @GEB_Network about our new and innovative Best Compliant Model: the next generation of international

Minimising non-admitted insurance (3/6) Every country is different. Just like every employee is different. And non-admitted insurance is no longer serving global mobile insurance needs with the same level of efficiency that it once did. To insure global risk in a way that is consistent, cost-effective and with non-admitted insurance minimised, you need a different solution. @GEB_Network’s Best Compliant Model provides that solution, within a single multinational policy or

Maximising admitted coverages (2/6) Are you looking for one global mobile employee benefits solution that is in line with the requirements of each region in which your organisation is present? Do you want to simplify the administration of the benefits you offer globally, or across as many regions as possible? Do you want to reduce the reliance on non-admitted solutions? Look no further. @GEB_Network’s new Best Compliant Model has

Providing one integrated solution across geographies (1/6) Achieving a globally mobile employee benefits solution that is integrated and compliant, yet user-friendly, member-experience focused and cost-effective gets ever harder to achieve. At the same time, it’s a necessity in #employee attraction and retention. Fortunately, there is a way, in the shape of @GEB_Network ’s new and innovative Best Compliant Model. #employeebenefits