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Simply Class Group Life Assurance Our Lessons and Challenges
Having great technology is only half the story in benefits. Ease of purchase, superior terms and conditions, customer research, focused marketing, engagement with and motivation of distributors, provision of employee communications, as well as technology, all are needed.
Is the End of Employee Benefits Approaching?
When I agreed to write an article on the current state of employee benefits for Global Benefits Vision, it was suggested that I address issues that were worrying our clients. And I kept coming back to the same answer: there just aren’t any!
IBIS Academy 2016 – Amsterdam
Now in its 46th edition, the IBIS Academy was held in May 2016 in Amsterdam, The Netherlands. A hundred and fifty participants from Europe, the Americas and Asia took part in one of the three IBIS tracks.
A new Mobility track aimed at global mobility specialists was added for the first time to the two traditional sessions, the IBIS Conference and the five-day training course, IBIS Institute.
Issue 009,
June 2016
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Worldliness – The First Step in Building a Valuable Legacy in Global Organizations
Expat assignments create or destroy value and leave positive or negative legacies depending on the success of the expat’s ability to integrate into the host culture(s). Cultural integration requires global skills on the one hand and acceptance from the host country office (even when taking on a global role while sitting at the host country office) on the other hand.
Lockton Global Forum – London 2016 – Conference Report
The 2016 Lockton Global Forum took place over two days in May 2016 in Lockton’s offices in the City of London. It was attended by more than 100 delegates from 13 countries.
The 2016 Forum featured a great number of in-depth presentations about generic challenges and possible responses, making it a good opportunity for global HR practitioners to sit back and reflect on their practices at a strategic level.
Generating Valued Outcomes from Your Global Well-being Program
Why do so many well-being programs fail to deliver the outcomes that companies hope for?
Their marketing makes well-being programs look highly appealing, and they feel right. But when organizations perform a dispassionate retrospective analysis of what has changed, looking for indications that benefit costs are being reduced due to improved health, there is invariably little reliable evidence.
Predictive Analytics – Knowledge is Power
Administering global healthcare benefits has become a daunting task for multinational employers. Local compliance and medical cost containments have become our biggest challenges, and insurance carriers, third party administrators, consultants, and brokers are busier than ever looking for relevant information that will make the difference in their value propositions. One of the major elements of the cost containment equation, however, continues to be overlooked.
Issue 008,
May 2016
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Yellow Fingers and Diversity – Why Gender Related Quotas Often Fail to Deliver Desired Diversity Outcomes
Many multinational companies struggle with a lack of gender diversity at the management level, and in particular with the lack of visible female representation in key positions. Many consider that the most logical approach to solving this problem is to preferentially hire and promote women into such roles.
Hedge Funds in Pension Funds – the New Normal?
Once the preserve of rich investors, endowments, and foundations, hedge funds nowadays acquire 75% of their resources from institutional investors, including 25% from pension funds. In the U.K., where defined benefits pension plans are known for their prudent if not conservative investment policies, fully half allocate at least part of their assets to hedge funds.
Picking a Winner – Managing Expatriate Selection Risk
Selection for international assignments is not one-sided. Being able to select the right employee depends on having the right group from which to select, individuals motivated by “what’s in it for me?” If the best candidates cannot see a clear personal advantage, they are unlikely to volunteer.
Lifecycle DC Pensions in Brazil
Over the past few decades there has been a significant shift from the traditional defined-benefit (DB) plan toward defined-contribution (DC) plans. In defined benefit (DB) pension plans sponsored by employers, employees must rely on the employer’s investment decisions to guarantee their retirement benefit in the future.
Time for a Revolution in Executive Pay?
The beginning of 2016 brought with it further controversy about executive pay. A hard-hitting report from the High Pay Centre claimed that, by the end of the first Tuesday of the New Year —dubbed by them “Fat Cat Tuesday”— the U.K.’s top executives will have earned more than the average worker would make in an entire year.
Margrit Schmit Joins Microinsurance Specialist ParaLife
Global employee benefits industry expert Margrit Schmid from Zurich, Switzerland and formerly CEO of the Swiss Life network, has made a momentous and pioneering change in her career path by joining Swiss micro-insurance group, ParaLife in May 2016. In 2016 Margrit Schmid is to familiarize herself with key micro-insurance markets and to contribute to corporate development projects in preparation of her assuming a senior Group Executive position in 2017.
Issue 007,
April 2016
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From Maturists to Millenials: Why a Global Benefits Strategy Is Key in Engaging the Multigenerational Workforce
Chris Bruce, managing director of Thomsons Online Benefits, discusses its latest Global Employee Benefits Watch, revealing the industry’s challenges and why technology is central to global benefits success.
Using Data to Identify Cost Drivers in Global Group Medical Insurance
Two critical issues faced by most multinational employers are (1) containing escalating healthcarecosts globally, and (2) building a healthy, committed, and engaged workforce. To help address these issues more effectively, multinational employers should place a higher emphasis on structured analytics when designing and implementing their health and wellness strategy, or prioritizing wellness programs.
Maximizing Your Health Through Improved Sleep
The sad truth is that sleep deprivation is an issue too often ignored, even when it is frequently the root cause of decreased productivity, accidents, and mistakes, costing companies billions of dollars each year. Several studies have confirmed that fatigue and/or lack of sleep can produce impairment similar to that from alcohol.
9 Top Trends Shaping Global HR Strategy in 2016
Global HR executives face a distinct set of challenges every year. Our rapidly, constantly changing world is growing more sophisticated, expanding its labor pool and pressing employers, at every turn, to find new and efficient ways to add value to their organizations. Multinational companies must compete as employers of choice to meet their financial and overall organizational goals in 2016 and beyond.
Issue 006,
March 2016
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The role of Cultural Skills in Mitigating Corruption Risks in Corruption-prone Industries and Geographies – a Case Study of an International Jv in the Oil & Gas Sector
“Corruption, and the perception of corruption, erodes trust in governments, businesses, and markets. In the aftermath of the greatest financial crisis of our time, we need to rebuild that trust more than ever before.
Effective Benefits Communication Increases Employee Engagement
While the concept of employee engagement has been around for over two decades, its importance as a competitive driver for employers has sharply increased in recent years. Maximizing gains from the total rewards budget and attracting the best workforce, and then retaining employees by maintaining their motivation, has never been more critical to global business.
Auto-enrollment Is No Substitute for Communications Around Pension Benefits
Research conducted by the London School of Economics (LSE) in the U.K. proves the value and causal link between companies’ investment in communication and increasing their employees’ engagement with their pension, ultimately improving their retirement outcomes.
Cutting Loose from the Silos Is Not Enough
Everyone claims to be a solution provider. But even those who manage to provide solutions rather than pure products face a crucial question:
Is business designed around solutions still in touch with the modern client?
PPI and APF: Two Acronyms to Redefine The Dutch Pension Market
The Dutch pension system, and the frequent changes in that system, have been the subject of many (international) publications over the past decades. Readers of such publications are very likely to have lost track, as there probably have been too many changes to digest.
Issue 005,
January 2016
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