UNDERSTANDING THE METHODOLOGY
International Benefits Leveling
Most companies I work with have a team of internal and external professionals dedicated to managing the benefits aspect of their domestic plans. Within the practice of benefits leveling, it can be challenging for your internal team to scale their US benefits practices into international solutions. I've been able to partner with organizations and present international approaches that work administratively, and place their Benefits team in a leadership position with your international vendors.
achieving your international objectives
Each implementation is different - Different countries, employee populations, varying resources and therefore, different in scope. These overarching strategies will almost always remain the structure of your proposal process.
SUPPLEMENTAL PLANS INVENTORY
Understand which benefits, plans and policies are being offered to employees in each foreign location. Maintain headcount records and expected growth by region.
Annual Plan Renewal
Collect and analyze renewal data available including claims experience. Prepare renewal strategy, including the internal business objectives for each country.
Country Specific Benchmarking
Utilize current global and local survey data to understand and communicate the status of benefits offerings. Benchmark the current inventory against peer organizations. Set the planning direction for the upcoming three years.
Plans Implementation
Drive plan implementations while partnering with local constituants. Keeping the lines of communication open accross the organization during planning and implementation is key.
Vendor Management
I serve as your internal resource for international benefits management, while partnering with your international broker. We will collaborate on contracts, negotiate rates, and meet regularly to ensure each country is compliant in their offerings.
Employee Communications
I will draft your employee communications to announce changes and enhancements. Keeping your international intranet portal updated with timely documents and information for employees to access may be built into this process.
Reimbursement Policies
Designing various benefit policies when traditional self-insured options are not available or cost effective.
Multinational Pooling
Partner with external vendor to identify internal populations best suited to become part of a pooling arrangement. Prepare internal proposal identifying areas of risk. Implement plan changes and build employee communications.