Benefits for Expatriates
For anyone going on an international assignment or moving their family abroad for work, it’s natural to be a little nervous. We have a wealth of experience creating packages that make your people feel safe, valued and focussed.
Overseas assignments are a reality for many companies who are looking to expand and diversify their business.
However, sending people on international assignments is always a risk. Failure rates are high (25%-40% in developed countries, up to 70% in developing nations) and often, good people end up leaving your business as a result.
Get proactive, be prepared
Fortunately, there are a number of proactive steps that you can take before the assignment begins, to ensure that the chosen employee is physically, mentally fit and prepared.
Before the assignment
During the assignment
Employee health and wellbeing needs to be at the centre of any employee benefits package, so that firms can better support existing employees and can attract the best talent in a competitive employment market. A comprehensive package also helps to ensure peace of mind for not just the employee but also their family members.
By choosing to work with us, in addition to helping you follow the proactive steps, we:
Provide advice to clients about their international medical insurance. This may involve a fundamental review of the benefits in place and making sure they are compliant. With over 18 international medical insurance providers just in the UK, the choice is vast. It can be a minefield for customers to navigate.
Ensure our clients are up to date with all the relevant news and legislative changes that may affect them.
Can provide security: we have partners we can work with, including companies such as International SOS (ISOS).
Lump sums paid to beneficiaries in the most tax-efficient way given the nationality of the employee and their location
Income Protection (Long term disability)
An insured income stream paid to the employee whether the employee is repatriated or not
Sickness and Personal Accident (Short term disability)
In some locations, this benefit is more common (and lower cost) than life or disability assurance
Group Critical Illness
Normally a lump sum payment on diagnosis of a serious illness such as cancer, stroke, etc.
Let us do the hard work for you.
Over the years, we have built strong relationships with global mobility teams, benefit and compensation professionals, HR and finance teams so we understand how to help businesses like yours achieve optimal global success.
We're here to help
Adam Harding - Divisional Director of International Benefits
Adam has been working in the International Benefits market for 11 years. Adam manages our International team and develops the International benefits proposition. He works closely with the Howden One Network.