Why we do it

Why we do it

Current Challenges

Multinational companies rarely have the ability to develop innovative, cost saving, strategies for their existing Employee Benefit- / Compensation- / Pension-Plans globally.

  • Programs are difficult to manage

  • Financials are reported in a fragmented way
    - Global HQ typically does not have exposure to detailled reporting

  • EB compliance must adhere to local and national laws
    - Insurance Laws, Bribery, Rebating, HIPAA, ACA, etc.

  • Contracts are decentralized

  • Brokers and vendors operate outside of a connected network

  • Economies of scale are not leveraged

Client Reaction to Challenges

Clients will typically transfer Responsibility & Controls

  • In-house Brokers and / or HR Structures

  • EB-Networks for Pooling

  • Broker Networks

  • EB-Consultant Networks

….and this is the reason Global HQ loses control and oversight of the program