Contradictory to popular opinion, salary and incentives are not the only factors that are enough to keep an employee performing better or continue services with a company. Given the present day competitiveness and increasing attrition rates, a forward thinking company must not sideline the importance of employee benefit plans and effective human resource programs.

1. Significance of Global Employee Solutions
Contradictory to popular opinion, salary and incentives are not the only factors that are enough to keep an
employee performing better or continue services with a company. Given the present day competitiveness and
increasing attrition rates, a forward thinking company must not sideline the importance of employee benefit plans
and effective human resource programs. This would not only keep the employee content but also motivate
him/her to perform better and stay loyal to the company. From an enterprise perspective, such a move is also
beneficial for the company, as it increases the brand reputation and enhances the corporate image that
encourages other candidates to apply.
Employee benefits scheme is much more than offering provident fund and ESI plans. In order to execute employee
benefit plans successfully, organizations must implement effective global employee solutions offered by expert
service providers. These solutions are designed keeping in mind the present day professional environment. This
apart, the solutions can also be customized as per the company requirements, employee perspective and
considering other aspects that matter. Today companies witness several challenges as they globalize and expand
their business into various avenues and welcome a global employee base. Some of the challenges include:Corporate governance
The requirement of enhanced functional and expense margins
Intricacies of managing employee benefits and compensation internationally
Having a centralized control over benefit programs whilst ensuring the required regional personalization
Since MNC’s function round the globe, they require an expert service provider specializing in human resource
management in order to cater to the employees. The services offered by an expert solution provider include:Global employee benefit planning
Local market risk evaluation
Global eligibility and enrollment maintenance
International payroll solutions
Wealth management and retirement planning
International on-boarding and concierge services
Legislative compliance
For an enterprise to continue functioning expert and skilled professionals are required. Often able and
enterprising employees leave the company owing to salary and employee benefits dissatisfaction. Therefore,
before another market player or a competitor poaches an able employee from your organization it is essential that
you keep the employee loyal to your company with the desired benefits and other human resource programs.
However, when your are joining hands with a service provider it is best to ascertain its credibility, years of
experience, successful case stories and the overall market feedback. Generally, a service provider that undertakes
a partnering approach is a wiser choice as that helps to increase the overall productivity.