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