HRO Today July/August 2014 - 47

The Benefi ts Package
Benefi ts Going
Global?
A recent study reveals the challenges of executing rewards programs on
an international level.
By Chris Wakely
Technology and the growth of new and lucrative markets
around the world have made it possible-and necessary
-for today's businesses to pursue global expansion. As
companies expand into new markets and hire talent in
multiple countries, managing HR becomes more complex
and challenging, particularly as it relates to administering
and communicating benefi ts programs to multinational
employees.
Along with managing legislative changes, escalating
costs, slashed HR budgets, and an uneven economy,
organizations undergoing global expansion must
still ensure that their benefi ts and reward programs
are delivered consistently and effectively to their
internationally-based employees. A recent study, 2014
Global Employee Benefi ts Watch from Thomsons Online
Benefi ts, takes a closer look at the current concerns
and challenges facing multinational organizations-
from recruiting to benefi ts administration to employee
engagement. Results reveal that organizations are
making gradual changes and shifts to their benefi ts
plans in the wake of HR challenges. The study also
pinpointed an increasing need for global companies to
create a unifi ed approach to control their global rewards
message; offer a consistent experience for international
employees; and be able to demonstrate the value of
benefi ts investment on an individual employee level.
JULY/AUGUST 2014
| www.hrotoday.com
[47]
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HRO Today July/August 2014

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