Global organisations have less centralised benefits strategy

The more countries in which an organisation operates, the less centralised its benefits strategy is, according to research by ComPsych.

Its Global trends report: global workforce needs are universal found that, among employers based in one to five countries, 72% said the benefits strategy was highly centralised.

Among employers based in more than six countries, only 19% said the benefits strategy was highly centralised.

The top considerations among respondents for centralising benefits decisions were: to ensure consistency and fairness (84%), cost containment (83%), compliance (47%), corporate governance (30%), provider issues or limitations (28%) and risk management (19%).

The research also found that the obstacles to centralised global benefits are: provider issues or limitations (45%), local policies or regulations (43%), cost-effective implementation (40%), strong culture of regional autonomy (37%), and local market competitiveness (31%).

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