October 14, 2021
As international workforces continue to grow, global companies recognize the importance of defining corporate policies and practices. An area of most concern for our membership is the structures and processes related to health care, life insurance, pension and retirement. The results of this survey shed light on how global employers are using governance to help build consistency across the globe in the delivery of benefit programs.
- Nearly all participants stated that their governance structure covers health and welfare benefits (92%) and retirement benefits (88%). Additionally, 92% of participants stated that their governance structure includes plan design and benefit changes.
- Top reasons for implementing a global governance structure include developing global consistency (69%), aligning with the corporate strategy and philosophy (58%), mitigating risk (54%) and facilitating oversight (54%).
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