December 12, 2022
The following is an executive summary of the Global Institute’s October Meeting Recap. The full resource is available to current Global Institute members. To learn more about membership, contact us.
The Global Institute held its final meeting of the year on October 20 and 21 in New York City. Members engaged in an agenda on diversity, equity and inclusion (DEI), well-being, benefits and governance, global consistency and cost pressures.
These sessions resulted in six key trends:
- Using communications to enhance well-being;
- The importance of global consistency;
- Evolving DEI trends;
- The role of virtual solutions;
- Addressing governance structure; and
- Mitigating global cost pressures
1 | Strategic Branding and Communications to Build Strong Well-being Programs
Employers are finding innovative ways to present well-being programs that resonate and best meet employees’ needs. Employer well-being programs incorporate branding strategies to emphasize company well-being priorities. This includes naming conventions and word choice as well as including pillars that are reflective of employees’ well-being experiences.
2 | Creating Global Consistency
Global consistency continues to be a core area of focus for multinational employers. Business Group on Health has focused on creating actionable resources that members can use to build and enhance their consistency strategies.
During the meeting, members discussed their varying approaches to creating greater consistency across their company benefit design. Throughout the meeting, discussions focused on equity vs. equality and the complex role of a global benefits leader to create an equitable experience that balances local norms, national health systems and more. The roles and responsibilities of global benefit teams have expanded, and the pandemic exposed gaps in accessibility and consistency for employees around the globe. As a result, employers have recognized that strategies need to be truly global.