1 / 12

Benefits Direction, Inc.

Benefits Direction, Inc. International Benefits Management Services. Benefits Direction, Inc. 25 Brunnell Drive, Suite 101 Holden, MA 01520 Tel/Fax: 508-829-6715 Email: bdi@bensdirect.com. BDI - Primary Management Support Services. Expatriates (U.S. and non-U.S.)

ling
Download Presentation

Benefits Direction, Inc.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Benefits Direction, Inc. International Benefits Management Services Benefits Direction, Inc.25 Brunnell Drive, Suite 101Holden, MA 01520Tel/Fax: 508-829-6715Email: bdi@bensdirect.com

  2. BDI - Primary Management Support Services • Expatriates (U.S. and non-U.S.) • Local Employee Benefit Programs • International Pooling Management • International Start-ups, acquisitions and mergers • Ancillary services • BDI Advantages

  3. BDI - Primary Categories of Expatriate Management Services • Expatriate assignment categories • Philosophy, customary practice and policy/guideline development • U.S. Expatriates • Non-U.S. Expatriates (internationally mobile employees/third country nationals)

  4. BDI - Expatriate Assignments • Long term = 2-3 years • Short term = 6 months - 18months • Extended business trips = generally <6 months • Provisions based upon category • Home/host country & “keeping whole” concepts

  5. BDI - ExpatriatePhilosophy, Practices & Policy Development Services • Help client identify philosophy • focus upon immediate as well as future issues • review latitude of choices, customary and competitive practices • define the philosophical basis of Company support • Assist client in establishment of operational guidelines for future management consistency • based upon assignment category

  6. BDI - U.S. Expatriates • Focus policy and operational guideline development (long and short term assignments) • Competitive compensation and benefit practices • Program and individual package development • Application of U.S. benefit programs • Umbrella design, RFP, selection, application communications and implementation

  7. BDI - Non-U.S. Expatriates • Commonly referred to as third country nationals (TCN’s) • Philosophy and policy development • Regional considerations • Competitive compensation and benefits packages and programs • Umbrella benefit package design, applications communications and implementation support

  8. BDI - Primary Local Benefit Program Support Services • Assist with focus upon global benefits philosophy • Help define operational guidelines for certain desired global consistencies • Audit, analysis & reporting regarding competitive designs and costs of current and proposed programs • Vendor management & accountability

  9. BDI - International Pooling Support Services • Understanding international pooling concepts • Vendor identification • strengths & weaknesses • natural pooling considerations • small and large pool arrangements/considerations • U.S. participation considerations • RFI/RFP process management • Pool management - on fee basis or percentage of resulting international dividend

  10. BDI - Start-up, Merger and Acquisition Support Services • Start-ups represent unique challenges • legal entity status • payroll • customary and competitive program design • need for speed and ease in implementation • lack of vendor leverage • Assist in due diligence process for M&A’s • Integration and follow through • Communications and local representation coordination

  11. BDI - Ancillary Support Services • Through BDI’s strategic partners network • Compensation • Actuarial • Retirement plan investment analysis • Immigration • Expatriate tax • ERISA support • Emergency services • International relocation • Property and casualty insurance

  12. BDI - Advantages • Dedicated, responsive ongoing support as needed • Vendor (insurance company), corporate (international staff) and consulting experience • Team oriented • Low overhead and flexible: • reasonable fee and/or project based • commission and/or fee offset by commissions when and where appropriate • percentage of international pooling dividends

More Related