When considering harmonization, organizations should focus on the big picture — their "why" for harmonizing employee benefits. It's crucial to understand the strategic plan and timelines. To achieve buy-in, organizations should ensure that global, regional and local team members with knowledge, skills and abilities — as well as positive energy, tenacity and perseverance — are included in the strategic planning process.
The ultimate ROI of harmonization can include not only monetary savings and optimization of spending, but also intangible ripple effects including improved consistency, equity and governance; an aligned total rewards strategy; improved employee communications; better employee health and well-being; and a stronger company culture.
To learn more about global benefit synergies, check out this Benefits Magazine article (distributed by IFEBP), written by some of Gallagher's multinational subject matter experts on global benefits.Download the Article