Navigating multinational benefits: challenges and considerations

As the global economy becomes more connected, it’s easy to see how one country can affect the rest of the world. This became more prevalent during the pandemic, when supply chains were impacted in ways that most did not expect. For example, reduced computer chip production in Asia dramatically affected vehicle manufacturing around the world – dramatically changing the supply and demand structure.  Additionally, the enhancement of communications and improvements in shipping and logistics have helped accelerate the sense of being more tightly connected across the globe.

For companies with an international presence, navigating our increasingly connected world is a matter of daily business. To be an international workforce, a “work from anywhere” mentality must take precedence as organizations become more connected. At the end of the day, they want to ensure their employees feel connected and cared for in all aspects of their wellbeing. Every office — whether domestic, international or a combination — is part of a single, connected entity. 

Given this reality, multinational employers want to ensure their employees thrive by offering comprehensive benefits that align with corporate strategies and values, despite where they are located.  Those benefits may also reflect the way they view their workforce – with consistency and cohesion. However, offering benefits internationally can be a challenge due to cultural norms and country regulations. Having the right partner with the right knowledge can help mitigate those challenges.