“The employer’s ability to remain competitive is dependent on being able to attract and retain skilled employees. This can include sending employees on international assignment, hiring employees in other countries, and hiring foreign nationals.”
Today’s global marketplace requires a keen understanding of benefit options for international employees. This applies to employers headquartered throughout the world.
International employees are unique and the requirements for their health and life benefits vary. At Jesse Consulting we assist you and your team to provide specific protection for these employees.
Travel, Medical, Kidnap and Ransom Protection
We provide policies that protect employees that include:
- Travel assistance;
- Medical treatment and emergency evacuation;
- Weather related peril evacuation;
- Political evacuation; and
- Kidnap and ransom solutions.
Global Benefit Strategy
We developed this primer to help you identify, design and implement protection for your international employees.
Step One. Identify
Categorize employees by status and country;
- Budget for anticipated risk and the associated cost of insurance; and
- Administrate for an effective plan; allowing for flexibility.
Step Two. Design
We conduct the research required and work with our network of specialists to evaluate the nuances from country to country and to implement bespoke coverage for:
- International compensation;
- Statutory requirements by country;
- Human resource support including best practice by country;
- International compensation analysis; and
- Payroll vendors.
Step Three. Implement
We recommend and assist with a step-by-step process for implementation.
- Communicate clearly to employees; and
- Prepare and update the global plan as your needs and legislation changes globally. Read more
Overview of Types of International Employees
At Jesse Consulting we provide employers with bespoke information about benchmarks, legal requirements, and human resource support for their international employees located around the world.
Local National Employees
Local national employees reside and work in their own home country. The employer may or may not be located in the employee’s home country.
The health, life, and disability insurance plans must be compliant with the national insurance laws. Also, there is usually a requirement that the insurance plan is provided by a locally licensed and admitted insurer.
Expatriate employees reside and work outside their home country. They are normally a citizen or resident of the home country of their employer.
The employees are usually covered under an international group plan which provides each employee with the same standardized benefits from country to country. The administration of these group plans is usually more effective than individual plans.
Third Country National Employees
Third country national employees reside and work outside their home country. They are usually not a citizen or resident of the home country of their employer.
These employees can also be covered under an international group plan similar to expatriate employees.
Inpatriate employees reside and work outside their home country. They are working in the home country of their employer.
Another option is that these employees can be covered by a group plan specifically designed for inpatriate employees.
Your Benefits are Our Business ™