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.