Question
In: Operations Management
what strategies do other countries utilize in their insurance benefit offerings that you would want to...
what strategies do other countries utilize in their insurance benefit offerings that you would want to consider?
Solutions
Expert Solution
✓ many other companies around the world uses different benefits package for their employees, when It comes to insurance there are variety of strategies can be considered which are adapted by many international organisations.
* Single benefit healthcare plan for all the employees, rather than administer separate plans for the domestic and international employees. Each employee purchases coverage on their own which gives employees individual choice over the specific carriers, doctors, and level of coverage. Employees then use their employer-funded defined contribution plan to be reimbursed for their premium, up to the amount available in their balance.
* Some companies also offers dental insurance with different plans, which is an innovative and a unique benefit to stand out of others along with normal healthy insurance.
* Contracting with experienced agents as a healthcare partner for providing better package and reducing the costs.
Reference
Employee Benefit Ideas for Multinational Companies-Zane(March 24, 2016)
https://www.peoplekeep.com/blog/employee-benefit-ideas-for-multinational-companies
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