Designing & Aligning Employee Benefits Globally - Paperback

by Mong Shen Ng (Author)

Your CEO returned from a management retreat with a new global vision, core values, and business plan that will revitalize and rebrand the company. As the Global Rewards Director, you are tasked to review employee benefits globally across all countries and all business units, and align them with an overarching corporate strategy. Do you know what to do?

Benefits are important. Employees have no incentive to stay if your company benefits are the same as others. If people come for money, they will leave for the same reason. Benefits, especially unique perks, reflect the culture of an organization and differentiates the employer brand. However most companies adopt the "follow the herd" strategy of positioning their employee benefits at the "market median", thereby forgoing their opportunity to be an industry trend-setter. You don't need to be Google or GE to be an industry trend-setter. Any company can be an industry trend-setter.

This book teaches you:

1) How to develop a Global Benefits Strategy aligned to Corporate Vision, Values, and Strategy.

2) How to brand the employee benefits that your company want to be known for and be an industry trend setter. How to inspire your employees to be story-carriers and ambassadors to amplify your employer brand, practices and culture.

3) What are the benefits practices and tax laws in various countries. How to setup and align employee benefits in Mergers and Acquisitions (M&A) and new country setups.

4) Do you have difficulty getting Trade Unions buy-in to reduce employee benefits? Do you have difficulty convincing your CEO and CFO to enhance employee benefits? Do you have difficulty explaining why your organizations can't give employees cash allowances instead of benefits? Learn how to get multiple-stakeholder buy-in for Benefits changes using the MPEP Methodology.