Designing & Aligning Employee Benefits Globally

By Mong Shen Ng

Your CEO returned from a management retreat with a new strategic business plan that will revitalize the company and lead it into lucrative new markets. As the Global Rewards Director, you are tasked with designing & aligning employee benefits globally - Do you know what to do? An organization without differentiated employee benefits strategy is like a ship that follows where the wind blows without any direction of its own. This book covers:
1) Developing employee benefits philosophy & strategies. Learn how to develop an overarching Benefits Philosophy that is broad enough to apply across different business units and countries, and at the same time allow the business units flexibility for customization. Learn how to develop employee benefits strategies based on your organization's branding (unbranded, branded), employee performance, job grades, business strategy (Innovation, Value-for-money, Service), business stage (startup, growth, mature, decline)
2) Developing signature employee benefits. Develop signature employee benefits that are unique, meaningful, and set your organization apart from their competitors.
3) Minimizing employee benefits tax worldwide. Learn what are the tax laws affecting employee benefits for various countries, and how to minimize tax.
4) Understanding employee benefits law worldwide. Learn what are the statutory requirement for the provision of employee benefits such as annual leave, sick leave, maternity leave.
5) Employee benefits market practices worldwide. Learn what are the benefits practices in various countries. E.g. housing allowance, car & motorcycle mileage claim rate, winter clothing benefits, etc.
6) Using employee benefits survey reports. Learn how to read employee survey report. E.g. Leave benefits, car benefits, life and disability insurance, clinical care coverage.
7) Reviewing employee benefits worldwide. Do you have difficulty getting Union buy-in to reduce employee benefits? Do you have difficulty convincing your CEO to enhance employee benefits? Do you have difficulty explaining why your organizations can't give employees cash allowances instead of benefits? Learn how to recommend employee benefits changes considering Market-Position, Employee-Preference, & Benefits Cost, to address these issues.

• Format: Paperback
• Language: English
• ISBN: B08DSVC947
• ISBN13: 9798669900816
• Release Date: July 2020
• Publisher: Independently Published
• Length: 102 Pages
• Weight: 0.42 lbs.
• Dimensions: 0.2" x 7.5" x 9.3"