How a benefits marketplace can make it easier to choose employee benefits around the world.

More and more employers are now seeing the importance of offering valuable, relevant employee benefits when attracting and retaining top talent in today’s competitive job market.  

In recent years, many workforces have become more remote – and more global. But a more diverse workforce, spanning various countries, cultures, and backgrounds, means it’s become more difficult to find benefits that meet everyone’s needs and preferences. 

As benefits experts, we’ve seen the issues organisations face when it comes to implementing benefits for global workforces. The traditional one-size-fits-all approach fits no one, often failing to address the specific requirements of each employee. But ensuring benefits are not only valuable to the employee, but also compliant with local regulations, is no small task. 

Our employee benefits marketplace is an employer’s one-stop-shop when it comes to finding and managing benefits in different countries. The marketplace has a wide range of benefits from around the world, from locally required benefits to employee wellbeing support and beyond. 

Here are just a few ways the marketplace can help employers develop attractive, valuable and relevant benefits packages around the world. 

Catering to each employee’s preferences 

Discover new benefits you hadn’t considered, and find better options for those already in place. The marketplace has a diverse range of benefits, including health insurance, pension plans, wellness programs and so much more.  

Employers can browse and select a wide variety of benefits anywhere in the world. And give employees easy access to chosen benefits, so they can select the ones that are valuable to them. While setting a spend limit, so you don’t go over budget. 

So, you can empower employees to make choices that suit their personal circumstances and priorities. Which can help improve job satisfaction and create a positive, inclusive work environment.

Streamlined global benefits management

Managing benefits for a global workforce can be complex and time-consuming. Different countries have varying legal requirements, cultural norms, and benefit preferences.  

By centralising global benefits management in one place, our employee benefits marketplace makes it simple. You can access a range of benefits providers, compare offerings, and select the ones that best fit employees’ needs around the world. Saving time, reducing administrative burdens, and ensuring compliance with local regulations. 

Cost-effectiveness and financial flexibility

It can be difficult to find benefits that meet both your workforce’s requirements and your benefits budget.  

With the ability to see various providers for a certain benefit type within a country, employers can find one that fits budget constraints. And, depending on the scale and size of your workforce, negotiate a more competitive price. 

You can even use filters to discover benefits that are free to offer, so you can expand your offering without stretching your budget.

Promoting employee wellbeing

Employee wellbeing has become a critical focus for organisations across the globe. But if you want to truly support wellbeing, you need benefits that cater to varying physical, mental and financial wellbeing needs. 

From mental health support services to fitness and wellness programs, employers can browse and select the type of wellbeing support their employees need. So, you can boost morale and productivity with happier, healthier teams. 

Enhancing employee engagement and loyalty

Fully understand what other organisations are offering their global workforces. With our marketplace, you can see which benefit providers are popular in each country and find benefits most popular in your industry. And see which benefits employees are engaging with most, so you can better shape your benefits strategy. 

With the right benefits in place, you can engage your workforce and build loyalty. Helping to retain existing employees, while attracting new hires. 

Employers having access to a broad range of benefits options can ensure every employee is provided with benefits that suits their needs, wherever they are and whatever their stage of life. While reducing the administrative burden of global benefits management and helping organisations stay compliant, keep within budget, and attract and retain top talent. 

Ready to make benefits easier, more valuable and relevant for employees around the world? Book a demo to see how Eppione’s employee benefits marketplace can help.