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2010 Global Employee Benefits Survey Results Presentation Executive Summary
 

2010 Global Employee Benefits Survey Results Presentation Executive Summary

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    2010 Global Employee Benefits Survey Results Presentation Executive Summary 2010 Global Employee Benefits Survey Results Presentation Executive Summary Presentation Transcript

    • 2010 Global Employee Benefits Survey Results Presentation June 10, 2010 June 10, 2010
    • 2010 Participation
    • Executive Summary • Survey represents over 10,000 globally mobile expatriate and TCN employees and over 150,000 employees worldwide. • Despite severe economic downturn in 2008 and 2009, limited evidence that plans moved to scale back benefits or shift additional costs to participants Less than 20% of the participants reduced benefits for ’10 The median employer subsidy for health care declined from 80.4% to 79.1% • The median medical cost increase was 5.3% but a wide range of responses indicate that some plans experience greater cost pressures than others. • There is a demonstrated move to reach out and communicate more effectively with international assignees.
    • Executive Summary: (Macro Trends and Their Impact on Global Programs) • Retiring Boomers – Delayed retirement by first wave following downturn in DC retirement assets – Increasing trend of retirements as market works through long- term effect of escalated unemployment (U.S. issue) • Strained Social Welfare Systems – Economic pressures felt beyond Greece – UK scale back of National Health system – German response of increased taxes and reduce benefits • Shift in Talent Attraction – Move to developing/emerging economies for talent brings new set of issues as immature Social Welfare Systems places different burden/requirement on organization
    • Executive Summary: US Expatriate employees • Pattern of differentiated benefits between Services and Drilling segments of the Energy sector • Median health benefits (Outside US) – Individual deductible - $200 – Individual out-of-pocket maximums - $3,000 – Coinsurance level (including Rx) – 90% • Health subsidy level declined slightly to 79% • Full suite of ancillary benefits offered – 2x life coverage most prevalent • DC retirement benefit match declined slightly to 5%
    • Executive Summary: Non-US Expatriate or Third Country National employees • Typically included on US health and dental programs. This will be an evolving issue moving forward as more aspects of Health Care Reform are implemented. • Health care benefits typically offer first dollar coverage while including other limits to benefits. • Smaller groups of TCN’s may be included on US welfare plans. Significant variations in underwriting tolerance for foreign risk. • Offshore savings plans less frequently offered to TCN’s. This may be an emerging attraction/retention issue.
    • Executive Summary: Local Nationals • HQ oversight and direction on vendor selection, plan funding and plan performance for Local National populations in a little over half of the organizations surveyed. • Participants very satisfied with Multinational pooling results. • Supplemental health care was the most commonly offered benefit.
    • Executive Summary: Other Findings • Limited evidence of organizations reducing frequency or duration of international assignments. • Some evidence of cost shifting to employees as health care subsidy has declined. Overall benefits remain robust. • Greater effort being put into global communications.
    • Contact Information Full survey results available to survey participants only. 2011 interest list being formed now. Cliff Caldwell Global Solutions Practice Leader Employee Benefit Solutions (832) 476-8365 ccaldwell@ebenefitsolutions.com Brent Gilot Survey Consultant Employee Benefit Solutions (832) 476-0493 bgilot@ebenefitsolutions.com Casey Loyd Business Development Lead Employee Benefit Solutions (832) 476-0489 cloyd@ebenefitsolutions.com