Leading Asian multinationals are benefiting from taking a global approach to the management of employee benefits. Those that have successfully navigated the benefit challenge have enjoyed significantly reduced benefit insurance premiums, a reduced risk of unbudgeted cost increases or compliance breaches, and benefit plans that truly play their part in attracting and retaining the best talent.
Global Benefits Management (GBM) is an effective way to leverage a company’s global economies of scale to gain centralized access to information, optimize current employee benefit spend and provide an effective means of achieving competitive differentiation.
This paper addresses the four key challenges in beginning the GBM journey and how to gain global competitive advantage by taking GBM approach with real-life example.
Liana is a principal based in Mercer’s Singapore office, and is the Asia consulting leader. She has 15 years in the insurance, broking, and consulting industry, with nine years of experience focused on international benefits, GBM/RBM, and multinational pooling.
Liana is responsible for leading the regional consulting team across Asia and for the provision of consulting services to multinationals across multiple markets, including benefit strategy, governance, plan design advice, innovation, multinational pooling, captives, and analytics.
Celine is the Asia regional benefits management leader of Mercer Marsh Benefits in Hong Kong. She has more than 10 years of experience in consulting to multinationals regarding the design and funding of their worldwide employee benefit plans. She assists clients in all aspects of international benefits, including multicountry benefit reviews, competitive benchmarking, global benefits management, multinational pooling, captive reinsurance, mergers and acquisitions, and strategy for internationally mobile employees.
Phil is a partner at Mercer in Hong Kong. He is responsible for Mercer’s Greater China M&A business, in addition to acting as relationship manager to a number of major multinational clients.