A global look at benefits
Optimizing benefits plans in various countries can be challenging. Optimizing on a global basis can be even tougher.
Now, more than ever before, multinational organizations are looking to centralize the administration of their employee benefits programs.
- Globalizing benefits can achieve cost savings, consistent messaging, and increase employee engagement. However, setting up a global benefits program is challenging for many organizations due to varying statutory benefit requirements, geographical differences, and cultural norms by country.
- As an organization’s approach to benefits evolves, so do the expectations of Human Resources (HR). It is the responsibility of HR to ensure that benefits are running efficiently, remain compliant in all jurisdictions where they operate, and are valued and utilized by the employee population.
- A significant emerging challenge is utilizing a benefits technology that maximizes efficiencies. This technology includes internal administration and employee-facing solutions that can enhance the employee experience and provide a more effective employee value proposition. This type of solution can be valuable in identifying segments of the population where engagement with benefits programs are lacking and, subsequently, help to enhance programs accordingly.
- To help employers optimize global benefits, KPMG utilizes a network of employee benefits professionals who together provide organizations with global-wide and local support and evaluate the benefits technology that best fits their needs. Our global network of benefits professionals responded to a survey in August 2022 which included insights from countries around the world. Through the lens of the employer, the survey assessed the mandatory benefits, along with trends in each country. This report provides a snapshot of the top trends in benefits identified in each country surveyed. As you focus on enhancing benefits across your organization, we hope this report provides timely data and insights that can help you measure your progress and drive better outcomes for your business and workforce.
We know the pandemic completely changed the healthcare and benefits landscape for companies in the U.S. Globally, we are seeing the same challenges of mental health, remote work, paid leave, and benefits that support ESG. Companies are looking for better ways to engage employees, simplify administration, and optimize costs. All these trends are consistent across borders.
Ryan McDonald
Principal, KPMG Global Reward Services, Health & Welfare
Dive into our thinking:
A global look at benefits
Optimizing benefits plan in various countries can be challenging. Optimizing on a global basis can be even tougher.
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Meet our team
Ryan McDonald
Principal, Tax, Global Reward Services, KPMG Benefits Services, KPMG US
Ethan Koreff
Senior Manager, Tax, Global Reward Services, KPMG Benefits Services, KPMG U.S.
Ryan McDonald
Principal, Tax, Global Reward Services, KPMG Benefits Services, KPMG US
Ethan Koreff
Senior Manager, Tax, Global Reward Services, KPMG Benefits Services, KPMG U.S.