A world of benefits, built around you.
For multinational organizations navigating the complexities of local legislation, customs, vendors and relationships, it can be hard to see your way ahead to a globally-consistent program.
Mercer Marsh Benefits helps you unlock a simpler way to manage your programs both globally and regionally.
We help you build a clear view of your whole program and its costs: every benefit plan; every vendor; every country.
How multinational HR teams can gain from global benefits management
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Do you know what you’re currently spending each year on benefits?
Managing HR in an organization with thousands of employees spread across multiple countries can be extremely complex.
You need to make sure you have the right data and insights to demonstrate your program’s ROI. Getting this right leads to better governance, risk management, cost containment and employee engagement.
Global benefits management offers multinational organizations an effective way to manage insured employee benefits around the world. Global - or regional - arrangements offer visibility, control, cost savings and ensure consistency in governance, while delivering solutions that are based on local country needs.
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Do you have the right benefits to attract and retain key talent?
The right global benefits management program for your organization is one that is built around you. Your industry, your structure, your locations, your people.
As employers expand their operations globally, they need to look at the scope and level of benefits they provide for their increasingly diverse and mobile workforces. This includes understanding the range of health and well-being risks present in each location and their impact on employee productivity and engagement.
Global employee benefits to help you compete locally
The cost pressures on multinational businesses are growing. For many - benefits are a major outgoing, comprising around 20% of total payroll costs. This could rise significantly, driven by escalating medical trend rates.
On top of this, substantial resources are spent tracking, renewing, tendering, and benchmarking insured benefits around the world.
Many organizations pay the price for a fragmented, multi-national approach to benefits broking. In fact, 81% of multinational benefits leaders say ‘global consistency’ is their number one priority according to MMB's Benefits Tech Trends report.
Firms urgently need to find efficiencies by harmonizing and managing benefits collectively. This means developing a strong global structure, with the ability to tailor benefits for simple and agile local execution and employee engagement.
A Global Benefits Management (GBM) approach simplifies this process, streamlining administration, boosting value for money, and making sure that programs provide measurable return on investment.
The five main advantages of a GBM approach are:
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Accessing and using insightful data and analytics to make business decisions
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Reducing and managing costs
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Streamlining and automating processes
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Improving the benefits offered to employees and increasing engagement
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Ensuring compliance and improving governance
MMB can help you mine your data to analyze your risks, financing, claims ratios and exclusions. And together we plan out your journey to a relevant, authentic global program.
One that drives the growth and resilience of your people and enriches their employee experience, wherever they are.
Its integrated suite of tools gives you a clear view of your whole program and its costs: every benefit plan; every vendor; every country. Plans, renewals and financials… all at your fingertips. With the data and analytics to make true oversight and governance not only possible, but easy.
Our award-winning Darwin technology delivers the compelling benefits experience that will help you attract and keep the best people. Enabling you to promote and track your employees’ engagement with their benefits, whilst also reducing risk and increasing productivity through automation.
With a data-driven, evidence-based global view, you can demonstrate your program’s ROI and the value of benefits to your organization.
How to embark on a successful Global Benefits Management journey
Manage risk
Control costs
* Source: MMB Global Benefits Management Analytics - An average saving of 10-15% of premiums demonstrated over a three-year term following the introduction of a new global benefits management program in a non-pandemic year.
The best financing options
Improve well-being
How Mercer Marsh Benefits can help
We can help you design, build, finance, automate and manage your global or regional program to attract and keep top talent.
We meet you where you are on your journey, and bring vertical sector expertise and benchmarking, local insights from 140+ countries, new ideas and new ways of working.
We work with you to build a program that’s right for you now and for who you want to become. As well as building benefits programs, we build relationships. Strategic and long-term. Partnering with you to strengthen connections between your global and local teams.
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Global advisory and compliance
Create a governance framework that aligns with your HR model and improves the employee experience in local markets
Remain confident that benefits are compliant in each market.
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Global financing
A single benefits broker to optimize your financing strategy for global employee benefits programs at the local, regional or international level, helping improve collaboration with your risk and finance teams. -
Local servicing
Local policy placement, claims management and employee support means you can improve the employee experience, address local issues and gain efficiencies -
Specialized technology
From our market-leading benefit software for managing global benefits and compensation information. Including a user-friendly app-like experience for employees accessing their benefits. -
Digitalized benefits administration
Experience the advantages of centrally managed benefits: easier to govern, administer and communicate to employees across your offices. -
Cost management
Celebrate the diversity of your colleagues with tailored benefits, delivered on a user-friendly platform—all while saving significantly on your yearly spend.