Employment is a significant part of our lives, and it comes with various benefits and perks. One of these benefits is the provision of employee benefits. Employee benefits are non-wage compensations that are provided by employers to their employees, which may include health insurance, retirement plans, and vacation time. The provision of these benefits can significantly impact employee satisfaction, motivation, and retention. However, managing employee benefits can be a complicated task for employers, especially when it comes to managing benefits for employees who work across different countries. This is where global benefits services come in. In this article, we will discuss the best global benefits services in employment.

What are Global Benefits Services?

Global benefits services are services that are designed to help employers manage employee benefits across different countries. These services can include the provision of benefits such as health insurance, retirement plans, and other non-wage compensations. Global benefits services providers can help employers navigate the complexities of managing employee benefits in different countries, including complying with local regulations and customs.

Why are Global Benefits Services Important?

Managing employee benefits across different countries can be a daunting task for employers. Each country has its own regulations and requirements for employee benefits, which can be complicated and time-consuming to navigate. Global benefits services providers can help employers navigate these complexities and ensure that their employees are receiving the appropriate benefits in each country. This can help employers to attract and retain employees, increase employee satisfaction, and ensure compliance with local regulations.

Best Global Employee Benefits Services

1. Remote

Remote offers a comprehensive suite of global employee benefits, ensuring a seamless work experience regardless of location. From healthcare coverage to retirement plans, their offerings provide security and peace of mind. Remote empowers companies to support their international workforce with top-tier benefits, fostering employee well-being and satisfaction.

2. OnPay

OnPay is a leading platform that simplifies global employee benefits management. With its user-friendly interface, businesses can effortlessly administer and optimize diverse benefits, including healthcare, retirement plans, and more, for their international workforce. OnPay streamlines the complexities of benefits management, ensuring employees worldwide receive tailored and comprehensive offerings.

3. Mercer

Mercer is a leading global consulting firm that provides a wide range of benefits services to employers around the world. Their global mobility services include everything from pre-assignment planning to on-site support, and they work with clients in a variety of industries to ensure that their employees have access to the resources they need when working abroad.

One of the things that sets Mercer apart is their focus on technology. They have developed a number of proprietary tools and platforms that make it easy for employers to manage their global benefits programs, and for employees to access the information and support they need. This includes their Mercer Mobility Exchange, which provides a centralized platform for managing all aspects of international assignments, and their Mercer Marketplace, which offers employees a range of benefits options to choose from.

4. Aetna International

Aetna International is a global health and wellness benefits provider that offers a range of services to employers and individuals around the world. Their global benefits services include health insurance, wellness programs, and assistance with medical emergencies and evacuations.

One of the things that sets Aetna International apart is their focus on innovation. They are constantly developing new products and services to meet the evolving needs of their clients, and they use data and analytics to inform their decision-making. For example, they recently launched their Aetna Virtual Care service, which provides employees with access to medical professionals via video chat, phone, or text message.

5. AXA

AXA is a leading global insurance provider that offers a range of services to employers and individuals around the world. Their global benefits services include health insurance, life insurance, and retirement plans, as well as assistance with travel and medical emergencies.

One of the things that sets AXA apart is their focus on sustainability. They are committed to reducing their environmental impact and promoting social responsibility, and they encourage their clients to do the same. They also have a strong focus on innovation, and they are constantly developing new products and services to meet the evolving needs of their clients.

6. Zurich

Zurich is a leading global insurance provider that offers a range of services to employers and individuals around the world. Their global benefits services include health insurance, life insurance, and retirement plans, as well as assistance with travel and medical emergencies.

One of the things that sets Zurich apart is their focus on risk management. They work with employers to identify and manage risks associated with international assignments, and they offer a range of resources and tools to help employees stay safe and healthy when working abroad. They also have a strong focus on sustainability, and they are committed to reducing their environmental impact and promoting social responsibility.

7. Willis Towers Watson

Willis Towers Watson is a global consulting firm that provides a range of services, including global benefits services. Willis Towers Watson’s global benefits services can help employers manage their employee benefits programs across different countries, including benefits plan design, global compliance, and local benefits administration. Willis Towers Watson’s global benefits services can also help employers manage their risks and costs associated with providing employee benefits.

8. Cigna Global

Cigna Global is a global health and wellness benefits provider that offers a range of services to employers and individuals around the world. Their global benefits services include health insurance, wellness programs, and assistance with medical emergencies and evacuations.

One of the things that sets Cigna Global apart is their focus on personalization. They understand that different employees have different needs when it comes to benefits, and they work with employers to develop customized solutions that meet those needs. They also offer a range of resources and tools to help employees manage their health and wellness, including online health assessments, wellness coaching, and a mobile app.

9. Allianz Global Benefits

Allianz Global Benefits is a global benefits provider that offers a range of services, including health and welfare benefits, retirement benefits, and disability benefits. Allianz Global Benefits can help employers design and implement employee benefits programs that comply with local regulations and customs. Allianz Global Benefits can also provide assistance with benefits administration, including claims processing and employee communications.

Benefits of Global Benefits Services for Employers

We’ll explore some of the key benefits of global benefits services for employers.

• Attract and Retain Top Talent

Offering global benefits services can be a powerful tool for attracting and retaining top talent. In today’s competitive job market, employees are looking for more than just a salary; they want a comprehensive benefits package that includes healthcare, retirement plans, and other benefits. By offering global benefits services, employers can show that they value their employees and are committed to supporting them both personally and professionally. This can help attract top talent and keep them engaged and motivated to stay with the company.

• Boost Employee Productivity and Morale

Global benefits services can also help boost employee productivity and morale. When employees have access to comprehensive benefits, they are more likely to feel valued and supported by their employer. This can lead to increased job satisfaction, which can translate into higher productivity and better performance on the job. Additionally, global benefits services can help reduce stress and anxiety among employees, which can further boost morale and motivation.

• Simplify HR Administration

Managing employee benefits can be a complex and time-consuming process, especially for companies with a global workforce. By outsourcing benefits administration to a third-party provider, employers can simplify HR administration and focus on other strategic initiatives. Global benefits providers can handle everything from enrollment and claims processing to compliance and reporting, allowing HR departments to streamline their operations and focus on core business activities.

• Control Costs

Global benefits services can also help employers control costs. By working with a global benefits provider, employers can access a range of cost-saving strategies, such as negotiating better rates with insurers and leveraging economies of scale. Additionally, global benefits providers can help employers design benefits packages that are tailored to their specific needs and budgets, ensuring that they get the most value for their investment.

• Ensure Compliance

Finally, global benefits services can help employers ensure compliance with local and international regulations. With the increasing complexity of global regulations, it can be challenging for employers to keep up with the latest requirements and ensure that they are compliant. By working with a global benefits provider, employers can rest assured that their benefits program is in compliance with all applicable laws and regulations.

Conclusion

In conclusion, global benefits services are essential for employers who have employees working across different countries. Global benefits services providers can help employers manage employee benefits programs, navigate local regulations, and ensure compliance.