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The new health care venture formed by Amazon, Berkshire Hathaway and JPMorgan Chase announced June 20 that Harvard professor and well-known author Atul Gawande would be the company’s CEO. The idea for the new company is to innovate by cutting costs from the health care system, starting with the more than 1 million employees of the three companies behind the venture.
The setup of a business in Luxembourg will result in the migration of employees from the United Kingdom. This will be cause for changes in their professional and personal lives, such as new remuneration packages, changes in employment contracts, tax and social security, family assistance plans for housing, school, etc. Using the Brexit model as an example, we can explain what happens in terms of social security and occupational pension schemes for employees (not all of whom are from the UK) who are migrating to Luxembourg.
Bleisure Travel and Corporate Liability Issues – A Debate Moving Around Has Big Health Benefits Three Things That Should Be Part of Any Weight Loss Efforts New Medical Advances in Fighting Obesity Why GPs May Not Be Able to Help You Lose Weight Benefits in Brazil – WBN Series – Ana Carolina Conduta Losco, Priscila Maria Lima Conduta Elias WBN – Worldwide Broker Network – San Antonio Conference Report
For many years, the long-term success rates for those who attempt to lose excess body weight have hovered around 5-10 percent. In what other disease condition would we accept these numbers and continue on with the same approach? How does this situation sustain itself?
Imagine that you are running a company, but you cannot get to your goal because all of your good workers keep quitting. For 30 years, your response to this problem has been to criticize the workers and say they are stupid and weak for quitting. As a result, you never reach your goal. You don’t change your formula or alter your plan, just keep blaming and shaming the workers for quitting.
Pretty much everyone knows that taking exercise helps people stay in good health. It staves off chronic ailments like type 2 diabetes and heart disease and – maybe – helps us live longer.
Mixing work and pleasure in one trip abroad can raise serious issues. Five experts from the Asia-Pacific in April 2018 debated how to stay on the safe side.
The Worldwide Broker Network (WBN) held its 58th Global Conference April 11th through the 13th, 2018, in San Antonio, Texas. Over 330 WBN members, associate members, sponsors, and some clients attended, with EPIC serving as the member host. The 58th Global Conference had record attendance from the Employee Benefits field, with 65 Employee Benefits focused attendees coming to San Antonio. Sessions were regularly packed, and an enthusiastic audience gave a special energy to this rapidly growing part of WBN.
In terms of land mass Brazil is the largest country in Latin America and the 5th largest in the world behind Russia, Canada, China, and the USA. Despite its vast territory, Brazil’s population is concentrated in the major cities of each state, mostly on the Southern coast. Being the only Portuguese- speaking country in the region, Brazil is also different in many aspects including cultural, and economic challenges, and the way of doing business in the marketplace. These are the reasons why operating in Brazil brings inherent and unique challenges to the HR team.
Obesity was designated a disease in 2013 by the American Heart Association and American Medical Association. Obesity, defined as a body mass index of 30 or higher, had long been identified as a health condition, but its designation as a disease underscored its role as a risk factor for leading causes of death, such as heart disease, Type 2 diabetes, stroke and many cancers.
The AIG Global Benefits Network Annual Partners meeting was held on 14 September 2017, in Paris, France. The meeting focused on AIG’s global strategy, with extensive discussion on the effects of the global economy on the insurance industry.
Meditation has been hailed as a way to boost mental health, help chronic pain, reduce stress and build a new appreciation for the world around us. But even with all this interest, misconceptions about what this ancient practice can do for human health and well-being are still circulating.
Many of us dread the loss of the hour’s sleep we incur by moving our clocks forward when daylight saving times comes back in Spring. For millions, the loss will be an added insult to the inadequate sleep they experience on a daily basis.
Anyone who follows trends in cinema will have noticed films for, and about, “baby boomers” that play to themes of memory. With HR profession at a crossroads, just like in one of those movies, I seem to remember having been here before!
International Pension Plans & Guernsey Regulations, Carl Hansen An Efficient Administrative Model for The Cross-Border Environment, Dejan Malesic Exercise Can Slow the Ageing Process, Janet M. Lord HR: Prepare for GDPR In Five Steps Brexit, Borders, and Group Insurance – Paul Avis Introduction to Employee Benefits in the UK – WBN Country Profile Series, Saira Chambers Expat Pensions 2018-2023: Is Big Data the Answer? Patrick Donders
So far cross-border pensions have been discussed extensively, however, have not been put into practice with as much effort. We can all agree how challenging it can be operating in the cross-border environment, in particular complying with the many (and often complex) requirements at each single local level.
International pension plans (IPPs) have been around for many years. A wide variety of employers have already established IPPs covering employees in well over 100 countries. Plan sizes range from only a few members to a handful of plans with more than 5,000 members. There are currently well over a thousand IPPs in existence; and, our experience tells us that this number continues to grow as more employers discover their many benefits, and how they can be used effectively to provide pensions and long term savings for certain employees.
Much has been made of borders in the speculation around Brexit. While focus has been on the Irish border, there is a generalised desire to limit the imposition of so-called “hard” borders after the UK leaves the European Union. These discussions focus on trade barriers, and what remains very much in the air is how people movement will be affected. While limiting free movement is in essence a political problem, it does have very practical repercussions.
The European Union’s General Data Protection Regulation (GDPR), which will come into force on May 25, 2018, is European in scope but with global implications. In an effort to protect personal data against unauthorized access and tampering, it strengthens the rights of individuals (such as the right of access, right of rectification, and right to be forgotten) and sets up new obligations for businesses (such as setting up a register of personal data processing, responding to requests from individuals, and data security and confidentiality measures).
The tradition of sending a telegram to every British citizen on their 100th birthday was started just over 100 years ago by George V, who sent out just nine letters. Last year, the Queen had to sign over 16,000 birthday letters. The UK has an ageing society, with falling birth rates and increasing life expectancy. Improvements in public health and medicine have helped to achieve this amazing effect on lifespan.
There was a time when expats were given special status and rewarded accordingly. But after the past 10 years of cost reduction and globalization, expats today have been largely replaced with local talent. Those that remain often have local contracts with local benefits.
The move towards compulsory employer pensions provision (which began in 2012) is nearing its end, while taxation changes, legislation targeting higher earners and new ways of saving are all making the reward space an exciting place to be.
GBV: Please tell us about your appointment as Chairman of WBN, what does this entail? Jim Watt: I am going to be assuming the chairmanship of Worldwide Broker Network in April of this year (2018) and I’m excited about the opportunity because I really believe in the network and in the global aspects of business commerce.
The inaugural meeting of the Cross-Border Benefits Alliance (CBBA) on December 6 could be described as a classic meeting of the minds, featuring such authorities as the European Insurance and Occupational Pensions Authority (EIOPA) and other private and public-sector organizations coming together to promote cross border pensions as well as find a way to address the legislative and judicial issues that surround them.
Duty of Care is a generally accepted principle in many countries around the world. It’s an important factor in building trust and reinforcing commitment toward employees, and in some countries, it’s enshrined in legislation. An employer can be deemed to have breached its duty of care if it fails to do everything reasonable to keep employees safe from harm.