Client
French High Tech multinational with 1,300 employees worldwide in 15 countries looking for implementing global employee benefits strategy covering retirement, life disability healthcare plans including audit, local providers selection, core benefits implementation, multinational pooling, governance, monitoring of plans and renewals coordination
Challenges
No local HR presence in all countries, small size in several subsidiaries, local brokers not always able to provide consistent services, no purchasing power, issues with onboarding documentations, payment of premiums and disability claims.
Key initiatives
Assessment of costs, actions and priorities to align current insured employee benefits on market practice and core benefits after an audit of current plans including insurers and brokers services. Multinational pooling feasibility study. Implementation of changes, alignment of renewal dates. Tracking and storage of information . Monitoring of renewals with process starting 60 to 30 days prior renewals . Communication to local/regional HR on preferred provider strategy. Review of workflows on premiums and disability claims.
Business Impact
Financial : Control of costs and optimisation of purchasing power with multinational pooling. Non Financial Clear governance of "who is doing what" enabling a smoother process and payment of premiums on time to avoid cancellation of plans. Employee benefits fully part of the employer brand strategy with ad hoc communication
